May 22, 2024 5:17 pm
Ericsson to Lay Off 1,200 Employees in Sweden

Ericsson, a Swedish telecom equipment supplier, has announced plans to cut 1,200 jobs in Sweden due to the challenging market conditions in mobile networks. This job reduction will result in 8 percent of the workforce being laid off. The company stated that customer volumes are falling as customers continue to be cautious.

Despite the job reductions, Ericsson continues to serve customers in Belgium such as Proximus, Orange, and Telenet. These companies turned to European suppliers like Ericsson and Nokia for network infrastructure after Chinese players were banned by authorities a few years ago.

In addition to cutting jobs, Ericsson will also reduce costs by using fewer consultants and streamlining its processes. The company remains committed to serving its customers and adapting to the evolving landscape of mobile networks. This announcement comes a year after Ericsson announced plans to cut 1,400 jobs in Sweden. Nokia, its Finnish competitor, also announced job cuts last year.

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