Nokia: 5,000 jobs cut

CEO announced 5,000 additional cuts to finalize restructuring. Total workforce shrank 27% from 103,000+ to 75,600 between 2018-2024. Automation integral to network equipment. The connection to AI is moderate — while the company is investing in AI capabilities, the layoffs were attributed to broader restructuring alongside technology adoption. Of the 5,000 total positions affected, our methodology estimates that approximately 2,000 roles (40%) are attributable to AI-driven changes. This is part of a broader pattern in Telecommunications where companies are restructuring operations around AI capabilities while reducing headcount in functions susceptible to automation.