Tue. Jun 25th, 2024
Ericsson to lay off 1,200 employees in Sweden

Ericsson, a Swedish telecom equipment supplier, is facing challenges in the mobile networks market as volumes continue to fall and customers remain cautious. As a result, the company has announced plans to cut 1,200 jobs in its home country of Sweden. This represents 8 percent of the company’s employees in Sweden. In addition to job cuts, Ericsson is implementing other cost-saving measures such as using fewer consultants and streamlining processes.

A year ago, Ericsson had also announced plans to cut 1,400 jobs in Sweden while its Finnish competitor Nokia had announced similar job cuts. Despite these challenges, Ericsson continues to serve customers in Belgium such as Proximus, Orange and Telenet. These companies turned to European suppliers like Ericsson and Nokia a few years ago to replace Chinese players banned by authorities for their network infrastructure needs.

On another note, there are various online platforms and communities discussing topics related to mobile apps, affiliate marketing, ad networks and real estate mentorship. These platforms provide valuable insights and resources for individuals looking to navigate these industries successfully.

By Aiden Nguyen

As a content writer at newscholarly.com, I delve into the realms of storytelling with the power of words. With a knack for research and a passion for crafting compelling narratives, I strive to bring forth engaging and informative articles for our readers. From decoding complex concepts to unraveling current events, I aim to captivate and educate through the art of writing. Join me on this journey as we explore the ever-evolving landscape of news and knowledge together.

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