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Telecom giant Ericsson cuts 1,200 jobs in Sweden amid 'challenging' market

By AFP - Mar 25,2024 - Last updated at Mar 25,2024

STOCKHOLM — Swedish telecoms equipment giant Ericsson said Monday it was cutting 1,200 staff in Sweden, or about eight per cent of its Swedish workforce, as it faces a "challenging" market for mobile networks.

The company said it "expects a challenging mobile networks market in 2024, with further volume contraction as customers remain cautious. In line with managing lower volumes, Ericsson today announces proposed staff reductions in Sweden."

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