“Ericsson to lay off 8,500 workers as part of cost-cutting plan”
February 24, 2023
“Swedish telecom company Ericsson will lay off 8,500 workers as part of its cost-cutting measures, the company confirmed to CNBC on Friday.
Reuters earlier reported on the layoffs, which will impact roughly 8% of its staff of 105,529 worldwide. The company employs about 11,994 people in North America, according to its website…
The company is seeking cost reductions at a run-rate of 9 billion Swedish Kronor, or about $860 million, by the end of 2023. Ericsson said it expects to start seeing the effect of its cost savings in the second quarter of this year…”
https://www.cnbc.com/2023/02/24/ericsson-layoffs-8500-employees-to-be-cut-from-workforce.html