Friday, February 24, 2023

Reports: Ericsson plans major job cuts

On the eve of Mobile World Congress, Reuters reported that Ericsson plans to cut 8,500 positions out its global workforce of 105,000. Reuters cited an internal memo from Chief Executive Borje Ekholm.

North America is expected to be significally impacted as the major U.S. operators trim their CAPEX budgets following significant 5G rollouts in the preceding years.

The reductions follow news of staff reductions in Ericsson’s home market of Sweden.