Nokia Layoffs: Telecom Company Announces Job Cuts in India Amid Global Restructuring
Nokia has announced fresh layoffs in India as part of its global restructuring plan to cut costs. The move follows a slowdown in 5G spending by telecom operators. The company is also reshaping leadership to focus on cloud and network services growth.
Bengaluru, March 27: Nokia has initiated a fresh round of layoffs in India as part of its ongoing global restructuring strategy aimed at reducing operational costs and improving efficiency. The move comes in response to slowing demand from major telecom operators and a broader shift in market dynamics following rapid 5G expansion.
The company’s global plan, first announced in late 2023, targets a reduction of 9,000 to 14,000 jobs worldwide, with an expected cost saving of up to €1.2 billion by 2026. India, a key market for Nokia, is now seeing workforce adjustments as the pace of network equipment orders declines. Meta Layoffs: 700 Jobs Cut as Tech Giant Balances AI Push and Executive Incentives.
A major factor behind the layoffs is the slowdown in capital expenditure by leading telecom providers such as Reliance Jio and Bharti Airtel. After aggressively rolling out 5G infrastructure across the country in 2023, these companies have entered a consolidation phase, focusing more on monetizing existing networks rather than expanding them further. Spotify Layoffs: Streaming Music Platform Implements Fresh Round of Job Cuts Within Podcast Division and The Ringer; 15 Affected.
Alongside the job cuts, Nokia has announced a key leadership change. Samar Mittal has been elevated to head its cloud and network services business in India. A long-time company veteran, Mittal will play a crucial role in steering operations during this transition, particularly as Nokia pivots towards software-led solutions and enterprise services.
The restructuring reflects a broader industry trend where telecom equipment makers are recalibrating strategies in response to cyclical demand. While traditional mobile infrastructure revenues face pressure, Nokia is increasingly focusing on digital networks, cloud services, and enterprise connectivity to drive future growth.
Despite the layoffs, Nokia has reiterated that India remains a strategic hub for its global operations. The company continues to invest in research and development, as well as manufacturing and delivery centers in the country. This indicates that while certain roles are being trimmed, long-term commitment to India’s technology ecosystem remains intact.
The layoffs highlight the evolving nature of the telecom sector, where rapid expansion is often followed by periods of adjustment and realignment.
(The above story first appeared on LatestLY on Mar 27, 2026 01:02 PM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).