Ericsson Slashes Jobs in Sweden Amid Challenges in Mobile Networks Market; European Suppliers Continue to Thrive Despite Competition from Chinese Players.

Ericsson to lay off 1,200 employees in Sweden

Ericsson, a Swedish telecom equipment supplier, has announced plans to cut 1,200 jobs in its home country of Sweden due to challenges in the mobile networks market. This reduction in workforce represents 8 percent of the company’s employees in Sweden. In addition to the job cuts, Ericsson is implementing other cost-saving measures, such as using fewer consultants and streamlining its processes.

A year ago, Ericsson had also announced plans to cut 1,400 jobs in Sweden, while its Finnish competitor Nokia had announced job cuts of its own. Despite these challenges, Ericsson continues to serve customers in Belgium, such as Proximus, Orange, and Telenet. These companies turned to European suppliers like Ericsson and Nokia a few years ago to replace Chinese players banned by authorities for their network infrastructure needs.

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Ericsson, a Swedish telecom equipment supplier, has announced plans to cut 1,200 jobs in its home country of Sweden due to challenges in the mobile networks market. This reduction in workforce represents 8 percent of the company’s employees in Sweden. In addition to the job cuts, Ericsson is implementing other cost-saving measures, such as using…

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