Nokia to axe up to 14,000 jobs to lower costs
The development comes as Nokia's profit in the September quarter, declined by 69% year-on-year to 133 million euros.
The development comes as Nokia's profit in the September quarter, declined by 69% year-on-year to 133 million euros.
According to Valle, a significant investment has been reallocated in FY24 towards customer experience and brand.
The majority of people impacted are in sales and R&D departments.
The layoffs were driven by external market external market forces, says co-founder and CEO Krish Subramanian.
About 33% CEOs in India and 39% CEOs globally have already implemented a hiring freeze, says KPMG.
39% of global CEOs have already implemented a hiring freeze, says survey.
The marginal growth in India's services PMI was attributed by panellists to greater bookings, better demand conditions and the retreat of the pandemic.
While the pandemic is causing employers to rethink their hiring forecasts, many are in a cash-conservation mode and are delaying or cancelling bonus payouts and increments, say HR experts.