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Nokia Downsizes Workforce
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Nokia plans to downsize its workforce by 14,000 employees, aiming to save costs and improve profitability. The move is attributed to a decrease in sales and profit, driven by weaker demand for 5G equipment, particularly in the US market.
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How might Nokia's downsizing impact the job market and the telecom industry as a whole?
How might the downsizing at Nokia reflect broader trends in the telecom industry and the global economy?
What strategies could Nokia employ to revive sales and profitability in the 5G equipment market?
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