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Ericsson to lay off 8,500 workers as part of cost-cutting plan

by Editor February 25, 2023, 2:02 pm 1.9k Views

Ericsson to lay off 8,500 workers as part of cost-cutting plan

Photographer | Collection | Getty Images

Swedish telecom company Ericsson will lay off 8,500 workers as part of its cost-cutting measures, the company confirmed to CNBC on Friday.

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earlier reported on the layoffs, which will affect roughly 8% of its staff of 105,529 worldwide. The company employs about 11,994 people in North America, according to its website.

An Ericsson spokesperson said the cuts were part of an “acceleration of…

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