Ericsson will cut 1,200 jobs in Sweden
Publishing timestamp: 2024-03-25 12:50:26
Summary
Ericsson to lay off 1200 employees in Sweden as part of cost-cutting plan due to slowed demand for 5G equipment. Tech industry as a whole has been slashing jobs, with over 50,000 workers laid off from 200 companies since the start of the year.
Sentiment: NEGATIVE
Tickers: DOCU, SNAP, META, AMZN, SAP, CSCO, ZM, GOOGL, U, ERIC.B-SE, EBAY, ERIC, MSFT,
Keywords: unity software inc, alphabet inc, meta platforms inc, business news, cisco systems inc, zoom video communications inc, layoffs, technology, amazon.com inc, lm ericsson telefon, docusign inc, sap se, snap inc, ebay inc, breaking news: technology, microsoft corp, telefonaktiebolaget lm ericsson,
Source: https://www.cnbc.com/2024/03/25/ericsson-will-cut-1200-jobs-in-sweden-.html