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Ericsson To Lay Off 8,500 Employees (reuters.com) 8

Telecom equipment maker Ericsson will lay off 8,500 employees globally as part of its plan to cut costs, a memo sent to employees and seen by Reuters said. From the report: While technology companies such as Microsoft, Meta and Alphabet have laid off thousands of employees citing economic conditions, Ericsson's move would be the largest layoff to hit the telecoms industry. "The way headcount reductions will be managed will differ depending on local country practice," Chief Executive Borje Ekholm wrote in the memo. "In several countries the headcount reductions have already been communicated this week," he said. On Monday, the company, which employs more than 105,000 worldwide, announced plans to cut about 1,400 jobs in Sweden.
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Ericsson To Lay Off 8,500 Employees

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  • by Anonymous Coward

    The most amazing part of this story is that Ericsson still employs 8500 people. Thought there was nothing left but a patent troll.

    Wait wait wait. Ericsson is based in Sweden. They must be doing that silly Euro thing, using commas as decimal points. So Ericsson actually employs 105.0 people and is firing 8.5 of them. Not sure what the other 0.5 of a person is doing but it must be important enough to keep them around.

  • In all the stories Slashdot has run about staff cuts, Ericsson is the first where this cut isn't just a correction for overzealous hiring trends of 2021. In fact year end 2021 Ericsson had 400 less employees than in 2020 and this cut is significant since it will drop their staffing levels to the lowest point since 2010.

    Microsoft, Meta and Alphabet after all the cuts will still leave them with more employees than only the year prior.

  • ... the universal "personal area network" that still encounters crippling stability or interoperability issues for even some of the most basic use cases, despite more than 30 years of development.

    Yes, that company.

    Remember kids - a universal anything fits nothing.

Ignorance is bliss. -- Thomas Gray Fortune updates the great quotes, #42: BLISS is ignorance.

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