Shares of Ericsson fell as much as 9% in Stockholm trade as the Swedish telecommunications equipment maker withdrew its margin guidance for next year. The company said it would not provide ...

STOCKHOLM—Ericsson ERIC.B-2.26%decrease; red down pointing triangle AB plans to cut around 1,400 jobs in Sweden as the telecommunications-equipment giant grapples with slowing demand for its 5G ...

Xavi Torrent / Contributor / Getty Images Falling demand for telecommunications equipment impacted sales at Nokia and Ericsson. Nokia said that high inflation and rising interest rates are leading ...

Telecom equipment maker Ericsson plans to lay off 8,500 of its employees globally to cut costs, according to a memo sent to employees from the company’s CEO Börje Ekholm. “The way headcount ...

Ericsson, one of the world’s largest makers of telecommunications equipment, today announced plans to lay off 8,500 employees in a bid to reduce costs. Ericsson detailed the move in an internal ...

Ericsson AB plans to cut around 1,400 jobs in Sweden as the telecommunications-equipment giant grapples with slowing demand for its 5G gear in markets like the U.S. The cuts are part of an effort ...