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Nokia stock drops on earnings, job cuts

YahooYahoo Finance Video

Nokia stock drops on earnings, job cuts

Shares of Nokia (NOK) tumble lower on the company's third-quarter earnings miss, reporting a 20% decline in sales. The company plans on cutting 16% of its workforce over the next three years, amounting to 14,000 layoffs. Yahoo anchors Seana Smith and Brad Smith break down Nokia's earnings and its outlook amid ongoing cost-cutting strategies ...

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