Ericsson lays off 3,000 employees in Sweden, cuts operationsOctober 4, 2016 - 12:27 AMT PanARMENIAN.Net - Ericsson says it's laying off 3,000 workers in Sweden and downsizing operations as part of its global plan to cut costs by 9 billion kronor ($1 billion) in 2017, the Associated Press reports. The Swedish networks company says the job cuts will be in research and development, sales and administration. It employs 16,000 people in Sweden. The company said "technology shifts" were behind the layoffs. It also said Tuesday that it will recruit 1,000 people in R&D in Sweden during the next three years to meet the demands of new technologies and increase its software portfolio. CEO Jan Frykhammar said the company would continue to have "a strong focus "on research and development and that the cost cutting measures were necessary "to secure Ericsson's long term competitiveness as well as technology and services leadership." Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Power of One Dram sums up two-year program with Teach for Armenia Idram Junior also joined the companies during the visit, bringing with it a fascinating intellectual game for children Civil disobedience campaigns continue in Yerevan People demanding Prime Minister Nikol Pashinyan’s resignation again blocked streets in Yerevan on May 15. Court in Azerbaijan extends former Karabakh leader’s arrest by 5 months The Binagadi District Court in Azerbaijan has granted the prosecutor’s petition to extend the arrest of Arkady Ghukasyan. U.S. still believes “peace is possible” between Armenia, Azerbaijan The United States continues to believe that peace is possible between Armenia and Azerbaijan, Vedant Patel says. |