Ericsson Announces Job Cuts as Competition in Mobile Networks Market Intensifies

By Eleanor Harrison Mar26,2024
Ericsson to lay off 1,200 employees in Sweden

Ericsson, a telecom equipment supplier based in Sweden, has announced plans to cut 1,200 jobs in its home country 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.

On another note, there are various online platforms and communities discussing topics related to mobile apps, affiliate marketing, ad networks, and real estate mentorship. These platforms provide valuable insights and resources for individuals looking to navigate these industries successfully.

By Eleanor Harrison

As a content writer at newseasoning.com, I infuse flavor into words, crafting compelling stories that captivate and inform our audience. With a keen eye for detail and a passion for creativity, I strive to create content that not only engages but also inspires. Whether I'm concocting a savory blog post or whipping up a spicy product description, I pour my heart and soul into every piece I write. Join me on this flavorful journey as we explore the tantalizing world of content creation together.

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