Ericsson layoffs: Biggest telecom industry layoffs: Ericsson to cut 8500 jobs worldwide, CEO memo to staff | – Times of India

Ericsson layoffs: Biggest telecom industry layoffs: Ericsson to cut 8500 jobs worldwide, CEO memo to staff | – Times of India

Telecom equipment maker Ericsson will lay off 8,500 employees globally as part of its plan to cut costs, a memo sent to employees and seen by news agency Reuters said. The job cuts at Ericsson are the largest layoffs to hit the telecom industry this year so far. The company is seeking cost reductions at … Read more

Ericsson reports fourth quarter and full-year results 2022, CEO Ekholm’s note – Times of India

Ericsson reports fourth quarter and full-year results 2022, CEO Ekholm’s note – Times of India

“With our fourth quarter result we are on track to deliver on our long-term EBITA target of 15-18% by 2024. We remain fully committed to our strategic ambitions and have full confidence in the long term. During the quarter, we made measurable progress towards achieving these ambitions, against a backdrop of broad macroeconomic headwinds. As … Read more