this post was submitted on 19 Oct 2023
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Nokia to cut as many as 14,000 jobs as profit drops by 69% (www.marketwatch.com)
submitted 1 year ago by throws_lemy@lemmy.nz to c/technology@lemmy.world
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[–] bluetardis@sh.itjust.works 15 points 1 year ago (2 children)

I thought Nokia was dead after Microsoft gutted it.

[–] baatliwala@lemmy.world 31 points 1 year ago* (last edited 1 year ago) (1 children)

Nokia is not just a phone company, it is also a telecommunications equipment provider. IIRC both those departments are 2 separate companies. They set up towers, 5G hardware etc and that part of the company is basically B2B.

[–] Pocketyeti@lemmy.world 16 points 1 year ago

And a very healthy patent portfolio.

[–] XTL@sopuli.xyz 5 points 1 year ago

This is a different company. They shuffled names around.