Interesting https://www.wsj.com/articles/ericsson-to-cut-1-400-jobs-as-orders-slow-1f72c240?mod=djemCFO
Ericsson AB plans to cut around 1,400 jobs in Sweden as the telecommunications-equipment giant grapples with slowing demand for its 5G gear in markets like the U.S.
Ericsson last month reported lower-than-expected quarterly profit and warned it faced an uncertain start to the new year as telecom operators in markets like the U.S. hold off placing new orders for 5G gear amid economic uncertainty.
The company said at the time that the trend started to hurt its key networks unit in the fourth quarter of 2022 and that it expects it to continue during the first half of this year.