- Ericsson plans to cut 12% of its workforce in Sweden
- The reduction is part of an ongoing cost-cutting plan
- The vendor has initiated negotiations with the relevant Swedish trade unions
Ericsson is the latest telco titan to plan job cuts, with the Swedish vendor announcing that it plans to cut 1600 jobs — or 12% of its workforce — in its home market.
In fact, this is part of an ongoing cost cutting plan that saw Ericsson cut 1,200 employees in Sweden in March 2024, and 8,500 jobs worldwide in late February 2023. The company also had lay-offs in its Canadian operations in 2025.
“The proposed staff reduction is part of global initiatives to improve cost position,” Ericsson said. It noted that initiatives to increase operational efficiency will continue across the group but will not be announced separately.
The company said it has submitted a notice to the Swedish Public Employment Service. “Approximately 1.600 positions could be impacted in Sweden,” the company said. The vendor has also initiated negotiations with the relevant Swedish trade unions.
The fjords cut deep
Ericsson's cuts follows Nordic rivals Nokia’s plans to close its Munich office in Germany, cutting over 300 jobs in 2026 and 700 in total by 2030. That follows plans to cut 14,000 jobs worldwide, announced in 2023.
Nokia reports its fourth quarter numbers on the 29th of January. Ericsson plans to report its quarterly numbers on January 23, 2026.