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Ericsson

Ericsson to lay off 8,500 employees globally to cut costs

Ericsson to lay off 8,500 employees globally to cut costs

2023-02-24
National
By: SAQIB SHAFI
On: February 24, 2023

[ad_1] London: Swedish telecom gear-maker Ericsson is laying off about 8 per cent of its workforce, around 8,500 employees, to cut costs in the ongoing global macroeconomic conditions, the media reported on Friday. According to an internal memo sent to employees, the company said the headcount reduction has been conveyedContinue Reading

US NSF signs $50 mn pact with Ericsson, IBM, Intel, Samsung for chip design

US NSF signs $50 mn pact with Ericsson, IBM, Intel, Samsung for chip design

2023-01-31
National
By: SAQIB SHAFI
On: January 31, 2023

[ad_1] San Francisco: The US National Science Foundation (NSF) has announced that it has signed a $50 million pact with Ericsson, IBM, Intel and Samsung to support the design of the next-generation semiconductors. This partnership is a part of NSF’s ‘Future of Semiconductors’ (FuSe) initiative, NSF said in a blogpost.Continue Reading

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