Nokia to fire 250 employees in India: Here is everything we know so far

Nokia to fire 250 employees in India: Here is everything we know so far

Nokia, the popular name in the feature phone and smartphone industry, is making some big changes in India. These changes might affect up to 250 job roles in India, a report by The Economic TimesÂ

What’s Going On:

Nokia is reorganizing how it works in India. This means they are changing how things are done and who does them. Unfortunately, this change might result in some people losing their jobs. Around 250 jobs could be cut because of this.

Why This Is Happening:

Nokia is facing difficulties in India. The demand for their technology, especially for something called 5G, is not as high as before. Some big Indian companies that used to buy Nokia’s stuff are not spending as much money on it anymore. This is making it hard for Nokia to do well in India.

What’s Changing:

Nokia is getting rid of some important job positions, like the people in charge of money, technology, and legal stuff. They are also splitting their operations into three main groups: one for mobile networks, one for cloud and network services, and one for network infrastructure. Each group will focus on different parts of Nokia’s business in India.

New Leader:

Nokia has chosen someone new to lead its operations in India. His name is Tarun Chhabra, and he will start his new job on April 1st. He will be in charge of Nokia’s mobile networks in India and will report to another important person at Nokia.

What Nokia Says:

Nokia says these changes will help them work better and faster. They also say they are doing this to save money and make sure they can still make a profit. However, most of the jobs that might be cut are in sales and operations. This means people who help sell Nokia’s products and make sure things run smoothly might be affected.

Nokia’s sales in India have gone down a lot. In the last part of 2023, their sales fell by 33%. This is because companies in India are not buying as much of Nokia’s technology as before. The CEO of Nokia says that things might remain difficult in India in 2024 because companies are not spending as much money on technology as they used to.

Nokia is making changes in India because their business there is not doing so well. They hope these changes will help them do better in the future, but unfortunately, it might mean some people will lose their jobs.

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