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

After warning in January that profit margins at its RAN business would worsen, telecom equipment maker Ericsson will lay off 8,500 employees globally as part of its plan to cut costs, according to a  memo sent to employees and seen by Reuters. “The way headcount reductions will be managed will differ depending on local country … Continue reading Ericsson to lay off 8,500 employees as part of cost cutting plan