Ericsson AB plans to lay off 8,500 employees worldwide, or about 8% of its workforce, the Swedish company said Friday, while it cuts costs as orders for its 5G gear have slowed in the U.S. and other markets.
Ericsson AB plans to lay off 8,500 employees worldwide, or about 8% of its workforce, the Swedish company said Friday, while it cuts costs as orders for its 5G gear have slowed in the U.S. and other markets.