Swedish telecommunications company Ericsson is set to lay off 8,500 employees in a cost-cutting effort and according to the reports, most of the layoffs would be done in the first half of 2023 and as early as the rest of 2024.

Swedish company Ericsson to lay off 8,500 workers globally; to be implemented in first half of 2023

Swedish multinational company Ericsson has decided to trim 1,400 jobs in Sweden with larger headcount loss in other countries. Not too long ago, big tech companies were hiring at an alarming rate during the pandemic, expecting greater demand for their tech offering.

Ericsson plans to fire nearly 1,400 employees

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Swedish company Ericsson to lay off 8,500 workers globally; to be implemented in first half of 2023

Ericsson plans to fire nearly 1,400 employees