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Ericsson to continue job cuts, CEO says

Swedish telecom giant Ericsson plans further job cuts. CEO Borje Ekholm confirmed headcount reductions are ongoing. This follows a previous cut of 5,000 jobs and a planned 1,600 in Sweden. These cost-saving efforts aim to maintain profitability. The company is navigating a slow 5G market. Further workforce adjustments are anticipated.

23 Jan 2026 2:29 pm