Am I missing some official notice?
23 replies (most recent on top)
@7dp Infinera sight closures in Europe.
Anyone read about Infinera synergies by end of 2026 in the q3 reporting earnings call transcript.
They are merging lot of team and swapping managers around. Already lot of reviews were initiated down, which usually precedes mass layoffs and reductions. There is definitely something coming this year in NAM.
Sunnyvale is pretty confusing right now. Officially things are quiet, but some managers have told their teams layoffs may be coming, while others haven’t communicated anything. There’s also some concern among employees who may need future sponsorship, but nothing seems officially confirmed. The mixed messaging is creating a lot of uncertainty.
@3qr yes
@3yj There won't be layoffs. Company is gaining momentum, the stocks are rising and AI will increase demand for software. If anything, there will be more hiring
@3qr There was a rumor that Bell labs had one. But I have no confirmation.
@3qr no we will have one in two weeks
Were their layoffs today (oct 1) ?
Another two people brought in from Intel join under RAN CTO. If everyone from Intel and HPE are hired by Nokia, there will be no diversity in their thinking. Repeating the same mistakes they made at Intel and HPE which caused the share price to crash.
@34q You underestimate pressure put on NikoL to radically cut RAN R&D costs. That’s why you see all this AI push with high hopes it will somehow compensate layoffs. But anyone sane knows it will end up in disaster
@357 I'm not working for the company anymore (not because of layoff). Is it really getting worse?
@34q Good luck with that speculation when you get a surprise 9AM meeting the next morning sent at 4 PM the day before!
SPECULATION MY BEHIND!!!
@347 I guess it's speculation. Layoffs haven't been officially announced.
@341 But how do you know that? Is there any official info/sign for October layoffs, or speculations (which may be right, not saying they won't). I'm genuinely asking
After they reach the goal of 70K by end of 2026 from the current 73.5K, watch them announce another 10K to 15K cuts due to AI transformation during Q1 2027 earning call. And of course, the closer of many non-core sites.
@30b How do you know that?
October layoffs are going to be very deep so they need to rehire
In China the law is "one month salary for every year of service".
Plus Nokia is giving them an additional 3 months of salary pay.
https://www.employmentlawworldview.com/costs-to-be-considered-when-terminating-employees-in-china/
Man… financials are so bad that they are blocking all purchases - read those mails that end up in spam ;)
No one is buying Nokia cr-p and we won’t have 6G product due chief loser officer great ideas. It’s all downhill from here.
@a3 No more every 4 months. Now every other month. Last one happened July 30.
Eo 3Q coming. Bad PR to layoff at Xmas, so October or January are next logical windows?