Stay updated with breaking news from Ericsson Layoffs. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Beginning October 1 of this year, the company’s US field services will be performed by its “external providers”, the report said citing a memo from Ericsson’s People’s Operations Team.
Ericsson in a memo to its staff said that it would lay off 8,500 employees
Ericsson layoffs: Ericsson had earlier announced its plans to cut costs by 9 billion crowns by the end of 2023 as it witnessed slowing demand in some markets
Ericsson said in a statement on Monday that the company intended to conduct the job cut process through a voluntary programme after closing negotiations with employee unions, reports Barron's. -- aaa
Swedish multinational company Ericsson has decided to trim 1,400 jobs in Sweden with larger headcount loss in other countries. Not too long ago, big tech companies were hiring at an alarming rate during the pandemic, expecting greater demand for their tech offering. But in retrospect, that decision has backfired, given the massive layoffs in the past few months.