Tag: Ericsson lay offs

Equipment market struggling, Ericsson to lay off thousands

Equipment market struggling, Ericsson to lay off thousands

Written by on June 14, 2016 in News with 0 Comments

STOCKHOLM (Reuters) – Telecoms equipment maker Ericsson plans to lay off thousands of staff this summer and is considering large, additional cost cuts due to slowing markets, newspaper Svenska Dagbladet (SvD) reported on Tuesday citing anonymous sources. After quarterly profit and sales missed expectations in April, Ericsson said slower network spending in Europe and Latin […]

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