Ericsson, the leading Swedish telecommunications equipment maker, has announced a significant workforce reduction as part of its ongoing effort to streamline operating costs. The company plans to reduce its global headcount by more than 8,500 positions, a move Reuters reports is part of a broader cost-cutting program. The reductions amount to a notable percentage of the workforce and reflect efforts to align expenses with evolving market conditions. At the end of 2022, Ericsson employed a total of 105,529 people across its global operations, underscoring the scale of the staffing adjustments being undertaken. The company emphasizes that the savings will support its strategic priorities while maintaining its core capabilities and service commitments. (Reuters)
In the tech sector, Apple has been adjusting its workforce as the industry navigates a wave of restructuring. While the company has historically relied on a mix of full-time roles and flexible staffing, recent information indicates a renewed focus on reducing freelance engagements as part of a broader recalibration. This shift mirrors actions seen across the sector, where firms are evaluating project-based needs against longer-term staffing strategy, aiming to preserve critical product development capabilities while tightening overall cost structures. (Apple Insider Portal)
Meanwhile, eBay has disclosed plans to cut a portion of its staff as part of an efficiency push. The online marketplace intends to reduce about 500 positions globally, which represents roughly 4% of its workforce. The company filed the necessary reports with the U.S. Securities and Exchange Commission to detail the plan. Affected employees will receive severance packages and bonuses in line with company policies. These steps illustrate how large tech platforms are adapting to a mixed environment of revenue pressures and cost-control imperatives. (SEC filing)