
Ericsson to lay off 8,500 employees globally to cut costs
[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 conveyed to employees in several countries….