On Thursday, technology giant Nokia announced it will be slashing 14,000 jobs from its roster as the company attempts to cut costs.
The company is expected to lower its 86,000-person staff to between 72,000 and 77,000 employees.
According to Nokia, the layoffs will help save the company 10 to 15% on staffing costs.
“The most difficult business decisions to make are the ones that impact our people,” said Nokia CEO Pekka Lundmark. “We have immensely talented employees at Nokia and we will support everyone that is affected by this process.”
