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home / news releases / ERIC - Ericsson said to reduce global workforce by 8500 employees

ERIC - Ericsson said to reduce global workforce by 8500 employees

Ericsson
  • Amid its cost cutting moves, Telefonaktiebolaget LM Ericsson ( NASDAQ: ERIC ) will be laying off 8.5K employees globally as per a memo sent to employees reported by Reuters.
  • Early this week, the company announced 1.4K job cuts in Sweden.
  • This is considered to be the largest layoff impacting the telecom industry.
  • In the past 6 months trading, the stock has lost 23.4%.

For further details see:

Ericsson said to reduce global workforce by 8,500 employees
Stock Information
Company Name: Ericsson
Stock Symbol: ERIC
Market: NASDAQ
Website: ericsson.com
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