Ericsson Job Cuts
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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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Swedish Telecom Equipment Maker Ericsson To Cut 8,500 Jobs Worldwide
Swedish telecom equipment maker Ericsson said Friday it would cut 8,500 jobs worldwide as part of a cost-cutting programme.
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Nokia Gets on 5G Growth Path as New Sales Strategy Takes Shape
Nokia showed how its new strategy was driving growth in sales of network and 5G equipment, helping to boost first-quarter revenue and profit and sending its shares up 14 percent.
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Nokia to Cut Up to 10,000 Jobs Over Next Two Years to Trim Costs and Invest in Research
Nokia said it planned to cut up to 10,000 jobs within the next two years to trim costs and invest more in research capabilities, as part of its restructuring plan.
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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 Profit Plunges as Equipment Makers Woes Intensify
Ericsson said the sales decline was driven by markets with weak economies, such as Brazil, Russia and the Middle East.
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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 Cut Around 3,000 Jobs In Sweden: Report
Telecoms equipment maker Ericsson plans to end manufacturing in Sweden with the loss of around 3,000 jobs, Swedish newspaper Svenska Dagbladet reported.
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Ericsson Plans To Lay Off Thousands To Cut Costs: Report
Ericsson said slower network spending in Europe and Latin America would require further cost cuts, but it not say how big those cuts would be.
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Ericsson to Cut 2,200 Jobs in Sweden in 'Cost and Efficiency' Programme
"Ericsson is announcing that 2,200 positions in Sweden, mainly in R&D and supply, are subject to notice."
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ST-Ericsson to cut 1,600 jobs in company split
The maker of mobile platforms and semiconductors has never been profitable since being founded in early 2009.
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ST-Ericsson to cut 1,600 jobs in company split
ST-Ericsson, the unprofitable mobile technology venture between Ericsson and STMicroelectronics, would axe 1,600 jobs after splitting the operation, it said on Monday.
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Ericsson to cut 1500 jobs in Sweden amid downturn
Ericsson intends to shed 1,550 jobs in Sweden in an effort to boost profits.
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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.
-
Swedish Telecom Equipment Maker Ericsson To Cut 8,500 Jobs Worldwide
Swedish telecom equipment maker Ericsson said Friday it would cut 8,500 jobs worldwide as part of a cost-cutting programme.
-
Nokia Gets on 5G Growth Path as New Sales Strategy Takes Shape
Nokia showed how its new strategy was driving growth in sales of network and 5G equipment, helping to boost first-quarter revenue and profit and sending its shares up 14 percent.
-
Nokia to Cut Up to 10,000 Jobs Over Next Two Years to Trim Costs and Invest in Research
Nokia said it planned to cut up to 10,000 jobs within the next two years to trim costs and invest more in research capabilities, as part of its restructuring plan.
-
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 Profit Plunges as Equipment Makers Woes Intensify
Ericsson said the sales decline was driven by markets with weak economies, such as Brazil, Russia and the Middle East.
-
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 Cut Around 3,000 Jobs In Sweden: Report
Telecoms equipment maker Ericsson plans to end manufacturing in Sweden with the loss of around 3,000 jobs, Swedish newspaper Svenska Dagbladet reported.
-
Ericsson Plans To Lay Off Thousands To Cut Costs: Report
Ericsson said slower network spending in Europe and Latin America would require further cost cuts, but it not say how big those cuts would be.
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Ericsson to Cut 2,200 Jobs in Sweden in 'Cost and Efficiency' Programme
"Ericsson is announcing that 2,200 positions in Sweden, mainly in R&D and supply, are subject to notice."
-
ST-Ericsson to cut 1,600 jobs in company split
The maker of mobile platforms and semiconductors has never been profitable since being founded in early 2009.
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ST-Ericsson to cut 1,600 jobs in company split
ST-Ericsson, the unprofitable mobile technology venture between Ericsson and STMicroelectronics, would axe 1,600 jobs after splitting the operation, it said on Monday.
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Ericsson to cut 1500 jobs in Sweden amid downturn
Ericsson intends to shed 1,550 jobs in Sweden in an effort to boost profits.
