Ericsson to Cut 1,600 Jobs in Sweden

Ericsson proposed to cut around 1,600 jobs in the home market of Sweden. The move is a part of wider measures to make it more competitive and reduce costs.

The company explained that the proposed staff reduction forms part of a global initiative to improve its cost position, while maintaining investments critical to its business. It pointed to an ongoing focus on delivering on a strategy around programmable networks, which enable differentiated services and new monetisation opportunities.

Initiatives to increase operational efficiency will continue across the group, but will not be announced separately, it stated. Ericsson submitted the job cut proposal to the Swedish Public Employment Service and initiated negotiations with relevant Swedish trade unions.

Ericsson has around 12,600 employees in Sweden, meaning the cuts proposed impact around 13% of its staff. It employs 90,000 people globally. The company reduced staff in Sweden by 1,200 in 2024 and by 1,400 in 2023. Ericsson is scheduled to reveal its 4Q25 financial results on 23 January.