In the past year, Ericsson has cut some 20,500 positions, with more than 2,000 job cuts in the second quarter of this year. The workforce reductions are part of a plan to reduce costs by more than $1 billion.
“These are tough but necessary actions to ensure competitiveness,” President and CEO Börje Ekholm said. Noting run-rate savings, he said “the effect is gradually becoming visible in the earnings, mainly through lower service delivery costs and common costs…We will continue our efficiency activities throughout the year.”
