Ericsson To Lay Off 8,500 Employees In $860M Cost-Cutting Plan
From CRN: Swedish tech giant Ericsson is laying off 8,500 employees worldwide as part of an $860 million cost reduction plan, marking the largest layoff round the company has undertaken in over five years.
The 8,500 layoffs amount to roughly 8 percent of Ericsson’s global head count of...