Ericsson layoffs (NASDAQ:ERIC) are the talk of Wall Street today after one of the world’s largest 5G network equipment providers announced it will eliminate 1,200 jobs in Sweden, citing lower ...

Ericsson’s workforce reduction continues the ongoing trend of tech industry layoffs, with several companies, including Google, Microsoft, Snapchat and eBay, all conducting significant layoffs.

Ericsson is conducting its largest layoff round in years after confirming it will lay off approximately 8 percent of its global workforce. Swedish tech giant Ericsson is laying off 8,500 employees ...

The move to reduce headcount is not its first. Ericsson in February of 2023 unveiled plans to lay off 8,500 employees as part of a move to cut costs by $860 million. The move to rein in costs come ...