Telecom company Ericsson said Friday it plans to cut 8,500 jobs
source: ustoday.comor 8% of its workforce, worldwide in a bid to reduce costs
source: ustoday.commaking it the latest tech company to announce mass layoffs
source: ustoday.comThe Swedish company, which provides equipment for 5G networks
source: ustoday.comsaid the layoffs would occur this year and next year
source: ustoday.comas part of its plan to cut costs by roughly $857 million by the end of 2023
source: ustoday.comEricsson didn't specify which regions would be most impacted
sourc: ustoday.comThe company employs more than 105,000 people globally
source: ustoday.comThe way headcount reductions will be managed will differ depending on local country practice
source: ustoday.com