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Story summary
- Ericsson AB plans to cut about 1,600 jobs in Sweden, 13% of its local workforce.
- Downturn in telecom spending and weak fifth-generation demand drive the cuts.
- Earlier, Ericsson AB reduced its workforce by 1,400 in 2023 and 1,200 in 2024.
- Ericsson AB has notified Sweden’s labor agency regarding negotiations with trade unions.
- Shares rose on January 15, 2026, as it prepares to report fourth-quarter results on January 23, 2026.
