The company characterized the proposal as a necessary step to lower structural costs while preserving investments in its core network technology business. Ericsson employs about 90,000 people worldwide as of Dec. 31, with roughly 12,600 based in Sweden. The planned Swedish reductions follow earlier rounds of job cuts: about 1,400 roles in 2023 and another 1,200 in 2024. Investors reacted positively to the cost plan: shares rose about 1.7% in early Stockholm trading after the company filed the notice. The company’s drive to lower costs while pivoting investment toward software and enterprise solutions reflects a telecommunications sector adjusting to slower hardware demand and evolving competitive pressures.

Source: Mint January 16, 2026 00:34 UTC