Swedish company ericsson plan laid off 8% of its global employeesnails 8.500 peoplethen to include the costs recession in the telecommunications equipment market.
Most of these workforce adjustments developed by Bloomberg will take place in the first half of this year. the rest will happen in 2024. The process is part of a plan to save 9,000 million Swedish kronor (814.2 million euros).
“We see the potential to simplify and streamline the company’s internal processes, particularly in relation to structural costs,” company spokesperson Jenny Hedelin said via email. Previously, the savings were expected to result from lowering the costs of marketed products.
Ericsson has more than 2,200 employees in Spain and three R&D centers in Madrid, Malaga and Barcelona.
The Swedish producer made a profit of 1,678 million euros in 2022, 21.2% less.and Ericsson Chairman and CEO, Börje Ekholm justified this with “short-term uncertainty”. as it is still at an “early stage of global deployment of the 5G network”.
In addition, the Scandinavian company later warned that problems with the US Justice, for which it has set aside about 200m euros against a possible fine from the Ministry of Justice and other regulatory bodies, could lead to Ericsson “paying substantial compensation”. fines and/or sanctions.