CHINA TOPIX

05/03/2024 11:49:19 am

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Ericsson job cut

Ericsson plans to lay off about 20 percent of its workforce in Sweden.

Ericsson to Cut 3,000 Jobs in Sweden as Network Demand Weakens, Competition Intensifies

Ericsson plans to lay off about 20 percent of its workforce in Sweden as demand of specialty wireless products weakens and competition from China's Huawei and Finland's Nokia intensifies.

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