Ericsson Layoff
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Ericsson Could Cut 8,500 Jobs Under Cost-Cutting Plans, Reveals Internal Memo
Telecom equipment maker Ericsson will lay off 8,500 employees globally as part of its plan to cut costs, a memo sent to employees and seen by Reuters said. While technology companies such as Microsoft, Meta and Alphabet have laid off thousands of employees citing economic conditions, Ericsson's move would be the largest layoff to hit the industry.
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Ericsson Could Shed 25,000 Jobs in Cost-Cutting Drive: Report
Swedish daily Svenska Dagbladet reported the news on Thursday, citing unidentified sources at the company.
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Ericsson to Lay Off 3,000 in 'Large Transformation'
Ericsson said however that it also planned to hire 1,000 people in research and development over the next three years.
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Ericsson to Shut Modem Business, 1,000 Jobs to Go
The decision comes amid falling prices of modems, rising demands on research and development and a shrinking market as more smartphone makers buy modems and processors, which Ericsson does not make, together.
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Sony to cut 15 percent of mobile phone workforce: Report
Sony is considering hundreds of layoffs at a mobile phone plant in Sweden.
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Ericsson Could Cut 8,500 Jobs Under Cost-Cutting Plans, Reveals Internal Memo
Telecom equipment maker Ericsson will lay off 8,500 employees globally as part of its plan to cut costs, a memo sent to employees and seen by Reuters said. While technology companies such as Microsoft, Meta and Alphabet have laid off thousands of employees citing economic conditions, Ericsson's move would be the largest layoff to hit the industry.
-
Ericsson Could Shed 25,000 Jobs in Cost-Cutting Drive: Report
Swedish daily Svenska Dagbladet reported the news on Thursday, citing unidentified sources at the company.
-
Ericsson to Lay Off 3,000 in 'Large Transformation'
Ericsson said however that it also planned to hire 1,000 people in research and development over the next three years.
-
Ericsson to Shut Modem Business, 1,000 Jobs to Go
The decision comes amid falling prices of modems, rising demands on research and development and a shrinking market as more smartphone makers buy modems and processors, which Ericsson does not make, together.
-
Sony to cut 15 percent of mobile phone workforce: Report
Sony is considering hundreds of layoffs at a mobile phone plant in Sweden.
