Finance
Ericsson to Continue Job Cuts, CEO Says
Published by Global Banking & Finance Review®
Posted on January 23, 2026
1 min readLast updated: January 23, 2026
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Company
Published by Global Banking & Finance Review®
Posted on January 23, 2026
1 min readLast updated: January 23, 2026
Add as preferred source on GoogleEricsson plans further job cuts, says CEO Börje Ekholm, to maintain profitability amid a sluggish 5G market. The company recently announced 1,600 job cuts in Sweden.
Jan 23 (Reuters) - Swedish telecoms equipment maker Ericsson expects to continue shedding jobs, CEO Börje Ekholm said on Friday.
"You have seen that we have reduced the headcount, for example, by 5,000 over the past year, and we expect to continue reducing headcount going forward," Ekholm said in a post-earnings call.
Earlier in January, Ericsson said it planned to cut up to 1,600 jobs in its home country of Sweden.
Cost-saving measures have helped the company maintain profitability and post strong earnings amid a sluggish 5G market.
(Reporting by Gianluca Lo Nostro and Agnieszka Olenska; Editing by Milla Nissi-Prussak)
Job reduction refers to the process of decreasing the number of employees within a company, often as part of cost-saving measures or restructuring efforts.
Corporate strategy is a plan that outlines how a company will achieve its goals and objectives, including decisions on resource allocation and market positioning.
Cost-saving measures are actions taken by a company to reduce expenses and improve profitability, which may include layoffs, budget cuts, or operational efficiencies.
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