Telefonaktiebolaget LM Ericsson

Ericsson will cut 1,200 jobs in Sweden

by

Ericsson announced it is planning to cut jobs as part of its cost-cutting measures. Nurphoto | Nurphoto | Getty Images Ericsson announced on Monday that it will lay off about 1,200 employees in Sweden as the telecommunications company faces slowed demand for its 5G equipment. The company said in a statement that the downsizing is … Read more

Company to start share buybacks

by

Nokia new logo displayed on mobile, with Nokia logo on screen. Nurphoto | Nurphoto | Getty Images Nokia on Thursday said that it will begin a two-year 600 million euro ($653 million) share buyback this quarter, after reporting that its profit plunged in 2023. One of the world’s largest mobile network equipment makers, Nokia posted … Read more