Nokia plans to cut up to 14,000 jobs, or ~16% of its 86,000 workforce, and reports Q3 2023 net sales down 20% YoY to €4.98B and profit down 69% YoY to €133M (Arjun Kharpal/CNBC)

Arjun Kharpal / CNBC:

Nokia plans to cut up to 14,000 jobs, or ~16% of its 86,000 workforce, and reports Q3 2023 net sales down 20% YoY to €4.98B and profit down 69% YoY to €133M  —  – Nokia said it would cut up to 14,000 jobs as part of a cost cutting plan following third quarter earnings that plunged.