Ericsson to shed 1,600 jobs in Sweden

Core Viewpoint - Telecoms equipment group Ericsson plans to lay off approximately 1,600 employees in Sweden, indicating a significant restructuring effort within the company [1] Group 1 - The layoffs are part of a broader strategy to streamline operations and reduce costs in response to market conditions [1] - The decision reflects ongoing challenges in the telecommunications sector, including increased competition and changing technology demands [1]