Ericsson cuts 8,500 jobs

https://www.techzine.eu/news/infrastructure/102473/ericsson-to-lay-off-8500-workers/

Ericsson to lay off 8,500 employees globally

Telecom equipment maker Ericsson will lay off 8,500 employees globally as part of its plan to cut costs, according to a memo sent to employees and seen by Reuters.

Ericsson to cut 8% of workforce as telecoms market cools

Telecommunications industry that has stumbled due to the weakening global economy