Overview
- Ericsson filed a formal notice with the Swedish Public Employment Service covering potential redundancies.
- Negotiations with relevant Swedish trade unions have begun, and the company has not detailed timelines or final decisions.
- The plan is part of broader global efforts to improve the cost base while protecting core R&D and network initiatives.
- Ericsson reported about 89,898 employees at the end of Q3 2025, down from nearly 96,000 a year earlier.
- Ericsson shares rose in early trading after the announcement, according to Benzinga.