T - Ericsson Cuts 1200 Swedish Jobs Due to Falling Orders | Benzinga
Ericsson (NASDAQ:ERIC) has announced plans to lay off 1,200 employees in Sweden to adjust to decreased demand and the cautious approach of mobile service providers towards orders.
This workforce reduction is part of a broader strategy to cut costs, which includes downsizing facilities, lessening reliance on consultancy services, and streamlining existing processes.
These job cuts, which account for approximately 8.6% of Ericsson’s Swedish workforce as of the end of 2023, are currently under discussion with labor unions.
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