Report: Swedish telecom giant Ericsson to lay off 8,500 employees globally

On Monday, the company announced plans to cut about 1,400 jobs in Sweden

By Connect Gujarat Desk 24 Feb 2023

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Report: Swedish telecom giant Ericsson to lay off 8,500 employees globally

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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 Reuters said.

On Monday, the company announced plans to cut about 1,400 jobs in Sweden.

While technology companies have been laying of thousands of employees citing economic conditions, this would be the largest layoff hitting the telecoms industry.

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