Nokia cuts 253 jobs as AI strategy expands: Nokia stock costs EUR 9.33 versus EUR 9.28

Published on 10/12/2026 at 10:05 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nokia's AI and cloud orders reached EUR 2.80 billion in the second quarter, with sales up 8.00 percent. Nokia stock costs EUR 9.33 on October 12, 2026 versus EUR 9.28.

Key points in brief

Nokia plans to cut 253 jobs in Finland while shifting investment toward artificial intelligence, cloud and network infrastructure.
Second-quarter sales rose 8.00 percent to EUR 4.80 billion, while comparable operating profit increased 18.00 percent to EUR 434.00 million.
Nokia stock was at EUR 9.33 at Lang & Schwarz on October 12, 2026, versus the EUR 9.28 Xetra close of October 9, 2026.
Nokia's next quarterly results are scheduled for October 21, 2026.

Flatlay mit ISIN-Karte, grüner Platine, RJ45-Stecker und Mini-Sendemast — Nokia Oyj (FI0009000681) Flatlay-Komposition mit ISIN-Karte, Platine, Netzwerkkabel und Antennen-Miniaturmodell auf hellem Tisch, Illustration mit AI erstellt.

Nokia (ISIN FI0009000681) plans to cut 253 jobs in Finland as it shifts its strategy toward artificial intelligence, cloud services and network infrastructure, according to wallstreetONLINE on October 7, 2026. Nokia stock was at EUR 9.33 at Lang & Schwarz on October 12, 2026, 0.54 percent above the Xetra close of EUR 9.28 on October 9, 2026.

Cost cuts meet an AI pivot

The planned reductions affect Nokia sites in Espoo, Tampere and Oulu. The move combines a lower cost base with higher investment in optical networks, cloud platforms and AI-enabled infrastructure, giving the restructuring a strategic purpose beyond headcount reduction.

For investors, the timing matters because Nokia's latest reported quarter already showed a sharp split between growth and restructuring pressure. The Economic Times reported on July 23, 2026, that second-quarter sales rose 8.00 percent to EUR 4.80 billion, while comparable operating profit increased 18.00 percent to EUR 434.00 million. Reported profit fell to EUR 5.00 million from EUR 96.00 million after restructuring charges.

What does the AI shift mean?

The order pipeline is the clearest quantified argument for the strategy. Nokia's AI and cloud order intake reached EUR 2.80 billion in the second quarter, and sales from those customers more than doubled year over year, according to The Economic Times. The same report said Nokia expected EUR 800.00 million of restructuring charges for fiscal 2026, making execution and cost control important counterweights to the growth story.

Three dated Nokia milestones

On July 23, 2026, Nokia reported EUR 4.80 billion of second-quarter sales. On September 17, 2026, Nokia and Microsoft announced a network automation solution combining Nokia Data Suite with Microsoft Fabric, according to GlobeNewswire. On October 7, 2026, Nokia disclosed the planned reduction of 253 Finnish positions.

Results date sets the next test

Nokia's next quarterly results are listed for October 21, 2026, on MarketScreener. That release will show whether the AI and cloud order momentum is translating into revenue while restructuring costs remain elevated.

Stock remains near EUR 9.30

Nokia stock was trading at EUR 9.33 at Lang & Schwarz on October 12, 2026 at 10:01 a.m. CEST, plus 0.54 percent versus the Xetra close of October 9, 2026 at EUR 9.28. Nokia's market capitalization was EUR 51.9 billion as of October 12, 2026. The further course of trading is shown by the continuously updated real-time quote of Nokia stock.