Nokia: 1,600 jobs cut
Nokia has announced the closure of its R&D facility in Hangzhou, China, resulting in the loss of 1,600 jobs. This decision is part of a broader strategy to realign its operations in China amidst declining business performance in the region. The company has been facing challenges in securing major contracts in the 5G market.
Conservative
0
Core Estimate
240
Upper Bound
560
Sources
Nokia quits R&D facility in China and cuts 1,600 jobs
Nokia quits R&D facility in China and cuts 1,600 jobs # Nokia quits R&D facility in China and cuts 1,600 jobs The closure of a Nokia facility in Hangzhou will lead to about 1,600 job cuts and comes after the Finnish vendor took full control of its China business. Iain Morris, International Editor,Light Reading August 14, 2026 5 Min Read Nokia CEO Justin Hotard is cutting jobs in China in response to a loss of market share.(Source: Nokia) Nokia's gradual retreat from China, where it has be