Nokia

Nokia Appoints Intel’s Justin Hotard as New CEO Following Pekka Lundmark’s Departure

2 months ago

Nokia has made a significant leadership change, naming Justin Hotard, a senior executive at Intel, as its new Chief Executive Officer. This decision comes after the departure of Pekka Lundmark, who has led the Finnish telecommunications giant since 2020. Hotard's appointment is expected to pave the way for Nokia to enhance its focus on 5G technology and expand its market share amid an evolving technological landscape.

Nokia Anticipates Decline in Profit as Businesses Postpone Network Enhancements

3 months ago

Nokia, the Finnish telecommunications giant, has announced a less optimistic outlook regarding its profits for the upcoming quarter. The company is experiencing mounting pressure as numerous businesses choose to delay vital upgrades to their network infrastructure. This decision is primarily driven by the current economic uncertainties that have left many companies hesitant to invest heavily in technological advancements.

Nokia Slashes Workforce in China by Nearly 2,000 Amidst Tough Telecom Landscape

6 months ago

In a significant move reflecting the challenging conditions within the telecom industry, Nokia has announced the elimination of nearly 2,000 jobs in China. This decision underscores the ongoing difficulties faced by the telecommunications sector in the wake of increased competition and shifting market dynamics.