Ericsson plans layoffs in Sweden due to reduced 5G spending. 2024 poses challenges with slowing sales. Analyst underscores 5G issues. Empha...

On Monday, the company, which employs more than 105,000 worldwide, announced plans to cut about 1,400 jobs in Sweden.

In its last quarterly earnings report in November, Zalando said it expected full-year revenues and operating profit to reach the lower end ...

The 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,...

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...

Ericsson AB, is already saving for the rainy day through workforce rationalisation and technology upgradation.

The telecom industry is still to feel fully the impact of the economic slowdown, but the world's leading network solutions provider, Ericss...