Ericsson to continue job cuts, CEO says
Swedish telecom giant Ericsson plans further job cuts. CEO Borje Ekholm confirmed headcount reductions are ongoing. This follows a previous cut of 5,000 jobs and a planned 1,600 in Sweden. These cost-saving efforts aim to maintain profitability. T...
By Reuters |
Reuters
Swedish telecoms equipment maker Ericsson expects to continue shedding jobs, CEO Borje Ekholm said on Friday.
"You have seen that we have reduced the headcount, for example, by 5,000 over the past year, and we expect to continue reducing headcount going forward," Ekholm said in a post-earnings call. Earlier in January, Ericsson said it planned to cut up to 1,600 jobs in its home country of Sweden. Cost-saving measures have helped the company maintain profitability and post strong earnings amid a sluggish 5G market.
"You have seen that we have reduced the headcount, for example, by 5,000 over the past year, and we expect to continue reducing headcount going forward," Ekholm said in a post-earnings call. Earlier in January, Ericsson said it planned to cut up to 1,600 jobs in its home country of Sweden. Cost-saving measures have helped the company maintain profitability and post strong earnings amid a sluggish 5G market.
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