Ericsson's Workforce Reduction Amid Challenging Networks Market in 2024

Monday, 25 March 2024, 12:57

Ericsson (ERIC) has announced a plan to slash 1,200 jobs as a response to the difficult conditions in the mobile networks market for 2024. The move is expected to address ongoing challenges within the industry and streamline the company's operations. This decision reflects the company's strategic shift in light of the evolving market dynamics, emphasizing the need for efficiency and adaptability.

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Ericsson's Workforce Reduction

Ericsson (ERIC) plans to reduce its workforce by 1,200 due to 'a challenging networks market in 2024,' the company announced Monday.

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