Ericsson layoffs, affecting 8% of staff

source: ustoday.com 

Telecom company Ericsson said Friday it plans to cut 8,500 jobs

source: ustoday.com 

or 8% of its workforce, worldwide in a bid to reduce costs

source:  ustoday.com 

making it the latest tech company to announce mass layoffs

source: ustoday.com 

The Swedish company, which provides equipment for 5G networks

source: ustoday.com 

said the layoffs would occur this year and next year

source: ustoday.com 

as part of its plan to cut costs by roughly $857 million by the end of 2023

source: ustoday.com 

Ericsson didn't specify which regions would be most impacted

sourc: ustoday.com 

The company employs more than 105,000 people globally

source: ustoday.com 

The way headcount reductions will be managed will differ depending on local country practice

source: ustoday.com