Ericsson Layoffs in Sweden Reflect Mobile Markets' Decline
Monday, 25 March 2024, 12:56
Ericsson to lay off 1,200 employees in Sweden amid mobile markets’ slump
The Swedish telecoms company, Ericsson, has announced a significant layoff of 1,200 employees in Sweden. This decision is a response to the continued decline in investment in mobile infrastructure. The company foresees this trend having a lasting impact on its sales performance through 2024. Ericsson's strategic move sheds light on the challenges posed by the current state of mobile markets and the necessity for organizational restructuring.
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