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Ericsson to continue job cuts, CEO says

Published by Global Banking & Finance Review

Posted on January 23, 2026

1 min read

· Last updated: January 23, 2026

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Ericsson to continue job cuts, CEO says
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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

Ericsson Plans Further Job Reductions, CEO Börje Ekholm States

Ericsson's Job Reduction Strategy

Jan 23 (Reuters) - Swedish telecoms equipment maker Ericsson expects to continue shedding jobs, CEO Börje Ekholm said on Friday.

CEO's Statement on Headcount

"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.

Impact of Cost-Saving Measures

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)

Key Takeaways

  • Ericsson plans to continue reducing its workforce.
  • CEO Börje Ekholm confirmed job cuts in a recent call.
  • The company aims to maintain profitability through cost-saving measures.
  • Ericsson recently announced 1,600 job cuts in Sweden.
  • The strategy is in response to a sluggish 5G market.

Frequently Asked Questions

What is job reduction?
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.
What is corporate strategy?
Corporate strategy is a plan that outlines how a company will achieve its goals and objectives, including decisions on resource allocation and market positioning.
What are cost-saving measures?
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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