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| VIEW EVENT INFORMATION: Ericsson |
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After A Tough Q3, Telecoms Kit Maker Ericsson To Cut ~9% Of Workforce In Sweden: 1,550 Jobs To Go In |
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About the organization Ericsson:
Type: Business
Sub-Types: Telecommunication, Telecommunication Hardware |
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Notable Organizations: Ericsson, Techcrunch
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| Telecoms infrastructure company Ericsson has announced a big round of layoffs in a cost cutting drive after weathering a tough Q3, amid the global downturn. Reuters is reporting nearly nine percent of the company’s workforce in Sweden — 1,550 jobs out of a total of 17,768 — are to go. In Q3, Ericsson’s core profit fell 42 percent. |
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