Friday, 24 March, 2023

Ericsson to cut 1,400 jobs, more may follow

<p>Ericsson, the Swedish telecom equipment maker, has announced plans to cut 1,400 jobs in the coming months. The move comes as part of a broader restructuring effort aimed at improving the company&#39;s financial performance. Ericsson has struggled in recent years, with declining sales and increased competition from rivals such as Huawei and Nokia. The company says that more job cuts may follow as it continues to streamline its operations and focus on its core business areas.</p>