Nokia is reportedly planning to cut thousands of jobs over time. According to a report by Money Control, the company may reduce its global workforce of around 74,000 employees by 20%. Translating to more than 14,000 roles, the job cuts may impact Nokia India operations as well which employees over 17,000 employees. The layoffs, the report says, come as part of a major global restructuring plan. The development comes at a time when several global technology companies have announced job cuts amid slowing demand and cost pressures. Nokia’s India business has also reported a decline in performance, adding to the need for restructuring.
Nokia’s restructuring plan and India impact
As per Moneycontrol, Nokia has already started preparing for layoffs in India as part of its broader restructuring efforts. The company is also making leadership changes in the country. The Finnish tech firm has already appointed Samar Mittal for the role of India Country Business Leader. Vibha Mehra is set to become India Country Manager, starting April 1, 2026. These shifts come on the heels of Tarun Chhabra’s departure from his position as the former head of India.The restructuring is expected to affect multiple teams, including global and common functions. The report noted that Nokia’s earlier merger of Cloud and Network Services with Mobile Networks in 2023 may have created overlapping roles, which could now be reduced.Nokia’s India performance has weakened in recent months. The company reported a 15 per cent year-on-year drop in net sales to 393 million euros in the fourth quarter of 2025, compared to 463 million euros in the same period last year.Globally, Nokia’s workforce has declined over the years, from around 103,000 employees in 2018 to about 74,100 currently. Reports also suggest that the company may cut jobs in parts of Europe. The move follows a broader trend in the tech industry, where companies such as Amazon, Microsoft, and Google have announced layoffs in recent months.
