Tech giant Ericsson of Sweden announced on Thursday proposed staff reductions in its home country as part of measures aimed at ensuring its competitiveness.
The proposed staff reduction is part of global initiatives to improve cost position while maintaining investments critical to Ericsson’s technology leadership and the execution of the strategy to deliver high-performing, programmable networks that enable differentiated services and new monetization opportunities.
“Initiatives to increase operational efficiency will continue across the Group but will not be announced separately,” Ericsson said in a statement.
“Ericsson has submitted a notice to the Swedish Public Employment Service. Approximately 1.600 positions could be impacted in Sweden. The company has initiated negotiations with the relevant Swedish trade unions,” it added.
To recall, Ericsson announced the lay off of 1,200 staff in March 2024 as part of its global initiatives to improve its cost position, saying that it expected “a challenging mobile networks market in 2024, with further volume contraction as customers remain cautious.”
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