Archive · 23 Jan 2026
Ericsson to Continue Job Cuts Amid 5G Market Woes
Ericsson, a big company that makes telecom equipment, is continuing to lay off workers.
Their CEO, Borje Ekholm, said they have already cut 5,000 jobs in the past year and will cut more.
This is because the market for 5G technology, which is the latest type of mobile network, is not growing as fast as they expected.
Ericsson is trying to save money and stay profitable.
They have also cut jobs in Sweden, Spain, and Canada.
Other big companies like BlackRock, Meta, and Citigroup are also laying off workers this year.
Ericsson plans to continue laying off employees as part of its cost-cutting and restructuring efforts.
The company has already cut 5,000 jobs in the past year and announced 1,600 job cuts in Sweden.
Ericsson's job cuts are aimed at maintaining profitability amid sluggish demand in the global 5G equipment market.
The company announced a global plan to cut 8,500 jobs in 2023, equivalent to 8% of its workforce.
Other major companies like BlackRock, Meta, and Citigroup have also announced layoffs this year.
- Who
- Ericsson, a Swedish telecoms equipment maker
- What
- Continuing job cuts as part of cost-cutting and restructuring efforts
- When
- Ongoing, with recent announcements in January and 2023
- Where
- Globally, with significant cuts in Sweden, Spain, and Canada
- Why
- To maintain profitability amid sluggish 5G market demand and cost pressures
- Company
- Ericsson
- CEO
- Borje Ekholm
- Job Cuts in Past Year
- 5,000
- Job Cuts in Sweden
- 1,600
- Global Job Cuts in 2023
- 8,500 (8% of workforce)
- Reason for Job Cuts
- Cost-cutting and restructuring
- Market Issue
- Sluggish demand in 5G equipment market
