Ericsson layoffs: Telecom equipment giant to cut 1,600 jobs in Sweden in push to cut costs

Layoff news: Ericsson said on Thursday that it plans to lay off around 1,600 employees in Sweden as part of its cost-cutting measures.

Ericsson has submitted a notice to the Swedish Public Employment Service and initiated negotiations with relevant trade unions, it said in the statement. “Approximately 1,600 positions could be impacted in Sweden. The Company has initiated negotiations with the relevant Swedish trade unions.”