Important Update

Peckel sent the following email to Nokia employees earlier today. Dear Nokians, It is with deep regret that I must inform you that due to the unfortunate situation of a certain circus having gone bankrupt, we have been forced to reluctantly lay off 11% of our workforce. I, as the CEO of Nokia, take full accountability for this decision. I know this news has been difficult to process, and I want to thank those of you who have offered your support and understanding. At Nokia, we are committed to creating a safe and healthy working environment and ensuring that our employees are properly supported. We realize that this is a difficult time, and we want to make sure that our employees who are impacted by the layoffs are able to get back on their feet as quickly as possible. As a show of support, I have personally established a fund for those affected by the layoffs, to help them transition and find new employment opportunities. The fund will provide financial assistance and job search support to help these employees relocate, update their resumes, and re-enter the workforce. I know that this is not the news that you wanted to hear, but I want to assure you that we will continue to prioritize our employees' well-being throughout this process. If you have any questions or need more information, please do not hesitate to reach out to me. Sincerely, Peckel Undmark CEO, Nokia