Ericsson Plans to Cut 1,400 Jobs in Sweden

Ericsson plans to reduce its headcount by 1,400 in its home market of Sweden. The decision was made following negotiations with unions as the vendor pushes on with efforts to slash its costs.

Ericsson indicated it intended to conduct the process through a voluntary program after closing negotiations with unions on how to approach the job cuts. “Reducing headcount is never easy, and we will manage this with the utmost respect and professionalism. Further details are always communicated to the relevant staff first.“ Ericsson’s website states it employs 14,500 people in Sweden, placing the reduction at around 10%.

Staff cuts are part of a wider program of cost cuts, with other areas being targeted including a reduction in the use of consultants and streamlining processes. In December 2022 it detailed plans to remove SEK9 billion ($869.6 million) from costs by the end of 2023. Following Ericsson's confirmation of the cuts, Reuters claimed reductions totaling several thousand jobs in other markets would be announced in the coming days.