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Ericsson wants to cut 20,000 jobs

Ericsson wants to cut 20,000 jobs

The well-known telecommunications company Ericsson announced after deep red figures in the last quarter that it would lay off up to 20,000 employees, with at least 10,000 of the current 82,000 employees having to go.

The number of Double layoffs once again, provided that there is no economic turnaround, says CEO Kurt Hellström.

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