Ericsson job cuts

STOCKHOLM: Telecom equipment maker Ericssonwill lay off 8,500 employees globally as part of its plan to cut costs, a memo sent to employees and seen by Reuters said.While technology companies such as Microsoft, Meta and Alphabet have laid…

<!-- -->It is done in a bid to render the company "more efficient".Stockholm: Telecom equipment maker Ericsson said Friday it would slash 8,500 jobs worldwide, part of a cost-cutting programme as financial headwinds push operators to…