Nokia Stock News

Finnish telecom giant Nokia said Tuesday it is suing Amazon in five global jurisdictions, including the United States and India, over patent infringements on video-related technologies.

For 18 months, rising interest rates were aimed at cooling the U.S. economy and curbing inflation. The economy unexpectedly expanded at an annualized rate of 4.9% in the third quarter.

While the third-quarter earnings season has gotten off to an okay start, there have been a handful of ugly prints that raised eyebrows among investors. They also sent Wall Street analysts running to r

Nokia (NOK) posted a profit plunge of almost 70% for the latest quarter as customers took out fewer subscriptions amid a challenging economic backdrop and rising interest rates.

Shares of Nokia (NOK) tumble lower on the company's third-quarter earnings miss, reporting a 20% decline in sales. The company plans on cutting 16% of its workforce over the next three years, amountin

Nokia (NOK) reports lower revenues year over year in the third quarter of fiscal 2023, owing to sluggish demand trends in several verticals.

Finnish-based Nokia said Thursday it was reducing its workforce by up to 14,000 employees to reset its cost base and better navigate market uncertainty.

Nokia posted a significant drop in net sales in the third quarter. Management is moving to cut costs amid a weakening macroeconomic environment.

Nokia (NYSE: NOK ) stock is in focus on news that the company will eliminate as many as 14,000 jobs, representing up to 16% of its total employees. The firm said that it is making this decision due to

Nokia Oyj plans to cut around 16% of its workforce in a move expected to save as much as €400 million ($421 million) next year and an additional €300 million in 2025. Joe Easton reports on Bloombe

Nokia is to cut up to 14,000 jobs as part of a cost reduction strategy after reporting a drop in quarterly profit. The Espoo, Finland-based telecommunications equipment company said it will lower its

Nokia announces plans to cut up to 14,000 jobs as part of a cost-saving initiative after profit tumbled 69% in the third quarter.

Finnish telecom giant Nokia said Thursday it could cut its workforce by as many as 14,000 people after it reported lower-than-expected third-quarter profits.

Nokia said on Thursday it is planning to cut up to 14,000 jobs — or around 16% of its workforce. The company is planning to lower costs by up to 1.2 billion euros by 2026.

Nokia will slash up to 14,000 jobs in a major cost-cutting drive, it said in a statement on Thursday.