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Tag: Ericsson

Ericsson to cut 1,200 jobs in Sweden amid ‘challenging’ market
Technology

Ericsson to cut 1,200 jobs in Sweden amid ‘challenging’ market

March 26, 2024March 26, 2024

Swedish telecom big Ericsson mentioned on Monday it could lay off about 1,200 staff in Sweden as part of value cuts introduced earlier this yr,

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Huawei renews patent deal with Ericsson amid US-China row
Technology

Huawei renews patent deal with Ericsson amid US-China row

August 25, 2023August 25, 2023

Chinese telecommunications large Huawei introduced Friday it had renewed a licensing settlement with Ericsson to make use of one another’s applied sciences, in response to

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Swedish telecom giant Ericsson steps up savings plan
Technology

Swedish telecom giant Ericsson steps up savings plan

April 18, 2023April 18, 2023

Swedish telecommunications large Ericsson mentioned Tuesday that it’s stepping up its cost-cutting program because it expects a “choppy environment” this 12 months after earnings fell

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Ericsson agrees to pay over 6M to US in bribery probe
Technology

Ericsson agrees to pay over $206M to US in bribery probe

March 3, 2023

Swedish telecommunications tools supplier Ericsson agreed to pay over $206 million to the U.S. in a bribery investigation on Thursday. The Stockholm-based multinational networking and

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Ericsson to cut 8,500 jobs in largest telecoms industry layoff
Technology

Ericsson to cut 8,500 jobs in largest telecoms industry layoff

February 24, 2023

Ericsson on Friday introduced it will minimize about 8,500 jobs worldwide as a part of a cost-cutting program, news businesses reported, marking the biggest layoff

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Mobile communication in Russia likely to deteriorate after Nokia, Ericsson leave
Technology

Mobile communication in Russia likely to deteriorate after Nokia, Ericsson leave

December 22, 2022

When telecom gear makers Nokia and Ericsson depart the Russian market on the finish of the 12 months, their departure may steadily cripple the nation’s

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