Nokia Eyes An Headcount of 72K-77K, Down From 86K At Present To Save €0.8B-€1.2B On Gross Basis By 2026
Portfolio Pulse from Benzinga Newsdesk
Nokia plans to reduce its headcount from 86,000 to between 72,000 and 77,000 by 2026 in an effort to save between €800 million and €1.2 billion. The company aims to increase operational efficiency and reduce costs while maintaining its R&D capacity and commitment to technology leadership.

October 19, 2023 | 7:34 am
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NEUTRAL IMPACT
Nokia's planned headcount reduction and cost-saving measures could potentially improve its financial performance in the long run. However, the short-term impact may be neutral as the market absorbs the news.
Nokia's cost-saving measures, including a significant reduction in headcount, are aimed at improving operational efficiency. While this could potentially enhance the company's financial performance in the long run, the short-term impact on the stock price may be neutral as the market processes the news. The importance of this news is high due to the potential financial implications, and the relevance is high as it directly pertains to Nokia.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100