Comparing the 2026 layoffs at Nokia (14,000 jobs) and Telefonica (6,000 jobs). Nokia cut more people and a larger share of its workforce.
| Nokia | Telefonica | |
|---|---|---|
| People Cut | 14,000 | 6,000 |
| % of Workforce | 18.9% | 6% |
| Total Workforce | 74,100 | 100,000 |
| Date | ||
| Category | RESTRUCTURE | RESTRUCTURE |
| Industry | Telecom | Telecom |
| Reason | ~19% of workforce. | Redundancy plan across multiple units. |