14,000 workers are going to be laid off around the world, including Nokia, India due to the crisis

Once the undisputed king of the mobile world, Nokia is now fighting for survival. This Finnish telecom company is on the path of major layoffs to reduce costs and radically change the business structure. It is reported that around 14 thousand workers around the world may lose their jobs. This decision is going to have a big impact in India as well.

Tech giants like Amazon, Google, Microsoft have already laid off workers amid the global recession. Nokia is now in that list. According to the company, their net sales in India fell by around 15 percent in the fourth quarter of 2025. Last year’s sales figure was 463 million euros, this year it fell to 393 million euros. The company is claiming to lay off workers as the profits decrease.

Nokia’s current workforce in India is around 17,000. They plan to cut about 20 percent of the total workforce worldwide. According to sources, hundreds of thousands of workers may be dismissed from various departments in India. A number of positions have now become redundant, particularly with the consolidation of the Cloud, Network Services and Mobile Networks divisions. Those additional posts are essentially being abolished.

The Finnish company has reshuffled the leadership in India amid the retrenchment process. Samar Mittal is taking over as India’s Country Business Leader from April 1, 2026. Country Manager is Viva Mehra. Former chief Tarun Chhabra has left. Efforts are underway to tighten the business rush in the new structure. This reshuffle has widened the fold of thought on the foreheads of ordinary workers.

Nokia’s global workforce has shrunk significantly over the past eight years. In 2018, where the number of workers was 1 lakh 3 thousand, currently it has reduced to 74 thousand. Apart from India, the company is preparing to lay off at least 1,400 workers in Greece, Italy, Germany and France. Nokia’s main rival Ericsson also cut 5,000 jobs last year. All in all, the global telecom market is in dire straits.