Cisco to lay off thousands of employees to focus on high growth areasThe San Jose, California-based company has a total employee count of 84,900 as of fiscal 2023, according to its website. The company is sti...
09 Feb, 2024, 11.50 PM IST
How 5G – promised to redefining the way world connects – disappointed 'pretty much everybody'For large parts of the industry, though, criticism of 5G is inconceivable.
01 Mar, 2023, 06.42 PM IST
Ticketing service provider Eventbrite to lay off 8% of workforce, relocate roles to India, SpainEventbrite joined a growing list of tech firms that have resorted to mass layoffs amid global economic downturn and recessionary fears. Eve...
01 Mar, 2023, 01.27 PM IST
Ericsson to lay off 8,500 employees, says memoOn Monday, the company, which employs more than 105,000 worldwide, announced plans to cut about 1,400 jobs in Sweden.
26 Feb, 2023, 12.27 PM IST
Online fashion retailer Zalando to lay off hundreds of employeesIn its last quarterly earnings report in November, Zalando said it expected full-year revenues and operating profit to reach the lower end ...
21 Feb, 2023, 05.05 PM IST
Telecom gear maker Ericsson to lay off 1,400 employees in SwedenThe company had earlier announced plans to cut costs by 9 billion crowns ($880 million) by the end of 2023 as demand slows in some markets,...
20 Feb, 2023, 04.48 PM IST
Huawei cuts India revenue target by 50%, lays off more than half of the staffNew Delhi has already barred state-run carriers from sourcing equipment from Chinese companies Huawei and ZTE, and is believed to have info...
27 Jul, 2020, 09.33 AM IST
Nokia Alcatel-Lucent merger may lead to layoffs at the French company's India unitFinnish network gear maker Nokia’s acquisition of rival Alcatel-Lucent is likely to lead to some layoffs at the French telecom equipment ma...
16 Apr, 2015, 05.17 AM IST
India is strategic market for Ericsson: Chris HoughtonShort-term headwinds in India’s telecom sector might look challenging in the near term. But we have seen similar cyclical shifts globally.
13 Jun, 2013, 11.16 AM IST
Ericsson lays off 22 executives in India, to transfer another 100 to sister units to boost efficienciesThe Swedish vendor is also undertaking a major “people competence” mapping exercise in the country to weed out non-performers.
28 Feb, 2012, 01.53 PM IST
- Nokia Siemens to lay off 120 workers in Finland
Nokia Siemens Networks, the mobile network equipment maker, said Tuesday it will lay off up to 120 workers in Finland, on top of 450 job cu...
27 Apr, 2010, 04.48 PM IST
ST-Ericsson to lay off 600 staff worldwideST-Ericsson plans to cut around 600 jobs worldwide as part of a move.
03 Dec, 2009, 01.20 PM IST
AOL, Sony Ericsson to cut 4500 jobs in totalCuts are part of a plan to save $300 mn at AOL and return to profitability at the earliest for Sony Ericsson.
19 Nov, 2009, 09.40 PM IST
- Bharti in outsourcing deal with Alcatel Lucent
Bharti finalises outsourcing deal with Alcatel Lucent where latter will manage, build and operate its landline biz. Will go for acquisition...
30 Apr, 2009, 10.40 AM IST
How Ericsson is saving for difficult daysEricsson AB, is already saving for the rainy day through workforce rationalisation and technology upgradation.
18 Feb, 2009, 01.29 PM IST
- Ericsson planning to cut costs, jobs
The telecom industry is still to feel fully the impact of the economic slowdown, but the world's leading network solutions provider, Ericss...
17 Feb, 2009, 03.04 PM IST
Rising layoffs: 9,000 job vanishing every dayAs financial turmoil continues to rattle world economies, layoffs so far this year have crossed the 2,77,000 -mark.
02 Feb, 2009, 12.23 PM IST