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Ericsson plans up to 1,600 more layoffs in Sweden as part of ongoing cost cuts amid slow 5G growth.
Ericsson plans further workforce reductions, CEO Börje Ekholm said, following a 5,000-job cut in the past year and up to 1,600 additional layoffs in Sweden announced in January.
The moves are part of ongoing cost-saving efforts to boost efficiency and maintain profitability amid a slow-growing 5G market, with the company reporting strong financial results despite industry challenges.
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Ericsson planea hasta 1.600 despidos más en Suecia como parte de los recortes de costos en curso en medio del lento crecimiento de 5G.