Ericsson Plans 25,000 Job Cuts – Report

In an effort to cut costs and boost profitability, Ericsson is planning to reduce its workforce by up to 25,000 staff, according to sources cited by Swedish newspaper Svenska Dagbladet.

Cuts of that magnitude would affect about 23% of the vendor’s total headcount: Ericsson AB (Nasdaq: ERIC) ended June with 109,127 staff, down by about 7,000 from a year earlier.

Source: Light Reading

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