Ericsson, a manufacturer of telecom equipment, will terminate 1,400 Swedish jobs.
Ericsson, the maker of telecom equipment, plans to cut 1,400 jobs in Sweden as part of a broader costcutting strategy. As demand in some markets, incl
Ericsson, the maker of telecom equipment, plans to cut 1,400 jobs in Sweden as part of a broader costcutting strategy. As demand in some markets, including North America, slows, the company had previously announced plans to cut costs by 9 billion crowns $880 million by the end of 2023. More job cuts, numbering in the thousands in other countries, are expected in the coming days. Ericsson made significant cuts in 2017, laying off thousands of employees and focusing on research to help the company recover from losses. Global layoffs have affected not only startups and midsized businesses, but also large technology companies such as Amazon, Microsoft, and Alphabet, the parent company of Google.
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B2B Tech News | 7 months ago