Ericsson CEO Börje Ekholm Says Company Will Continue Job Cuts

Swedish telecoms equipment maker Ericsson, led by CEO Börje Ekholm, announced plans to continue reducing its workforce. Speaking on a post-earnings call, Ekholm stated the company has already cut 5,000 jobs over the past year and expects further reductions. Earlier this month, Ericsson revealed it would eliminate up to 1,600 positions in Sweden. These cost-saving measures have supported profitability and strong earnings despite challenges in the sluggish 5G market.