Nokia hires 350 extra workers for its 5G project
Nokia has recently gained 350 new employees, all apparently chosen for their expertise or experience in 5G hardware. However, fans of this brand hoping to hear of new phones with this technology may be disappointed in this story: The equipment in question is reportedly more carrier-facing than consumer-focused.
Of these new hires at Nokia, 240 are reportedly destined for work on the equipment in question. A proportion of the remaining 110 will apparently work on the systems-on-chips (SoCs) needed for the same. The group in its entirety will be based in Finland, where this company was originally founded.
Nokia representatives have stated that they will be distributed across its facilities in the three cities of Espoo, Tampere and Oulu. They will work under the direction of Tommi Uitto, the unit head of networks at the company.
Despite this expansion, it is not all rosy at this 5G division. Its potential customer base has reportedly suffered as a result of the ongoing merger of Sprint and T-Mobile in the US. Events such as these have impacted on Nokia's market performance, culminating in a 21% drop in its share price on the week ending October 25, 2019.