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Nokia to cut as many as 14,000 jobs as profit drops by 69%
(www.marketwatch.com)
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this post was submitted on 19 Oct 2023
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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.
And a very healthy patent portfolio.