The cuts are part of an effort the company announced late last year to reduce costs by 9 billion Swedish kronor, equivalent to about $861 million, by the end of 2023.
Verizon Communications CEO Hans Vestberg analyzes the telecom giant's Q4 earnings and reveals if they are pouring any resources into 6G on 'The Claman Countdown.'giant grapples with slowing demand for its 5G gear in markets like the U.S.
The cuts are part of an effort the company announced late last year to reduce costs by 9 billion Swedish kronor, equivalent to about $861 million, by the end of 2023 through streamlining processes, closing facilities and using fewer consultants. and plans to make job cuts through a voluntary program, a spokeswoman said Monday. Managers will share how each unit is affected with their employees in the coming days, the spokeswoman added.
Ericsson logo is seen at its headquarters in Stockholm, Sweden June 14, 2018. REUTERS/Olof Swahnberg//File Photo The company spokeswoman declined to comment on the potential for additional head count reductions in other countries.
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