News: Nokia appoints new India head as company plans to cut 11,000 employees globally

Talent Management

Nokia appoints new India head as company plans to cut 11,000 employees globally

Nokia's restructuring, announced in October, aims to cut 11,000-14,000 jobs globally, aligning with its goals to enhance operational efficiency and adapt to market changes.
Nokia appoints new India head as company plans to cut 11,000 employees globally

In a recent reorganisation, Nokia, the tech behemoth, named Tarun Chhabra as the new head of Nokia India. This decision is part of a broader global restructuring initiative aimed at streamlining operations and reducing expenses. 

Chhabra, who previously served as the head of mobile networks and senior vice president at Nokia, will now oversee the company's operations in India, succeeding Sanjay Malik, reported MoneyControl. 

Malik, who has been the senior vice president overseeing Nokia's Indian market operations for almost eight years, will remain with the company until March 31, 2024, to ensure a seamless transition. 

Chhabra will report directly to Tommi Uitto, the president of Mobile Networks at Nokia. In his new role, Chhabra will have a dual responsibility, overseeing both the Indian market and managing the business of the mobile networks group in India. 

The restructuring at Nokia is part of a broader initiative unveiled in October last year, targeting a global workforce reduction of 11,000-14,000 jobs. This strategic move aligns with Nokia's objectives to bolster operational efficiency and respond effectively to changing market conditions. 

Nokia India has officially announced Chhabra's appointment, effective April 2024, as part of a broader strategy aligned with global guidelines prioritising customer-centricity and business excellence

However, these organisational changes have also entailed job cuts across multiple functions, including customer experience, sales, and marketing. Despite Nokia's robust financial performance in the Indian market last year, attributed to significant 5G contracts with top telecom operators, the company has encountered hurdles amid a slowdown in deployment by Indian telcos. 

This slowdown resulted in a notable 33 per cent decline in net sales in the Indian region, totaling 379 million euros during October-December 2023. The restructuring efforts in India commenced following the global announcement in October and extended until the end of December. 

While some employees were requested to resign, others opted to depart independently due to role adjustments. Many affected employees were assured a severance package as they transitioned out of the organisation. 

Though the exact number of layoffs in India remains undisclosed, the restructuring underscores Nokia's commitment to adaptability and efficiency amidst a swiftly evolving market landscape. 

As Nokia navigates these changes, the company aims to position itself for sustained long-term growth and sustainability, with a focus on operational excellence and heightened customer satisfaction.

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Topics: Talent Management, #Layoffs, #HRTech, #HRCommunity

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