Companies
Nokia
NetworkingEspoo, FinlandNOKAbout 78,000 employees
More about Nokia
Finnish telecom equipment company that sells mobile, fixed, IP and optical network gear to telecom operators, cloud companies and enterprises
Revenue
€19.9B
Fiscal 2025, up about 3%
Employees
About 78,000
2025 average
Stock
NOK
New York Stock Exchange (ADS)
Headquarters
Espoo, Finland
CEO
Justin Hotard
Since April 2025
Main businessesNetwork infrastructure (fixed, IP and optical), Mobile infrastructure
Current strategyCut its business groups from four to two and is betting on AI and cloud demand for IP and optical networks and on AI-RAN products built with Nvidia
Recent workforce changesAbout 14,000 jobs cut under its 2023 plan with about 5,000 more expected (November 2025); further cuts at European sites flagged in July 2026
CompetitorsEricsson, Huawei, Ciena
Checked October 11, 2026 · Sources: sec.gov, lightreading.com, lightreading.com (2)
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