[nologic01]

Is this like the delayed echo of the US tech redundancy wave (Europe always operates with a phase difference - maybe its the time it takes for management consultancy powerpoints to cross the Atlantic) or is it something more specific?

[hiAndrewQuinn]

Not really, Nokia isn't really at the start startup-y end of the tech field like that. It's way more "esoteric backbone hardware for the world" these days. Closer to General Electric than Google.

My wild ass guess from living here is this is somehow coming from the larger Finnish economy; Finland is only now starting to really feel the pinch of inflation after the combination of COVID-19, which it weathered fine for a time, combined with the war in Ukraine, which is affecting food prices all over Europe and also (understandably) closed off trade relations temporarily with Russia.