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Ericsson Could Cut 8,500 Jobs Under Cost-Cutting Plans, Reveals Internal Memo

Telecom equipment maker Ericsson will lay off 8,500 employees globally as part of its plan to cut costs, a memo sent to employees and seen by Reuters said. While technology companies such as Microsoft , Meta and Alphabet have laid off thousands of employees citing economic conditions, Ericsson 's move would be the largest layoff to hit the industry. "The way headcount reductions will be managed will differ depending on local country practice," Chief Executive Borje Ekholm wrote in the memo. "In several countries the headcount reductions have already been communicated this week," he said. On Monday, the company, which employs more than 1,05,000 worldwide, announced plans to cut about 1,400 jobs in Sweden. While Ericsson did not disclose which geography would be most affected, analysts had predicted that North America would likely be most affected and growing markets such as India the least. The company said in December it would cut costs by 9 billion crow...

Ericsson Could Cut 8,500 Jobs Under Cost-Cutting Plans, Reveals Internal Memo

Telecom equipment maker Ericsson will lay off 8,500 employees globally as part of its plan to cut costs, a memo sent to employees and seen by Reuters said. While technology companies such as Microsoft , Meta and Alphabet have laid off thousands of employees citing economic conditions, Ericsson 's move would be the largest layoff to hit the industry. "The way headcount reductions will be managed will differ depending on local country practice," Chief Executive Borje Ekholm wrote in the memo. "In several countries the headcount reductions have already been communicated this week," he said. On Monday, the company, which employs more than 1,05,000 worldwide, announced plans to cut about 1,400 jobs in Sweden. While Ericsson did not disclose which geography would be most affected, analysts had predicted that North America would likely be most affected and growing markets such as India the least. The company said in December it would cut costs by 9 billion crow...

Ericsson Could Cut 8,500 Jobs Under Cost-Cutting Plans, Reveals Internal Memo

Telecom equipment maker Ericsson will lay off 8,500 employees globally as part of its plan to cut costs, a memo sent to employees and seen by Reuters said. While technology companies such as Microsoft , Meta and Alphabet have laid off thousands of employees citing economic conditions, Ericsson 's move would be the largest layoff to hit the industry. "The way headcount reductions will be managed will differ depending on local country practice," Chief Executive Borje Ekholm wrote in the memo. "In several countries the headcount reductions have already been communicated this week," he said. On Monday, the company, which employs more than 1,05,000 worldwide, announced plans to cut about 1,400 jobs in Sweden. While Ericsson did not disclose which geography would be most affected, analysts had predicted that North America would likely be most affected and growing markets such as India the least. The company said in December it would cut costs by 9 billion crow...

Samsung Galaxy S23 Ultra Review: In a League of Its Own

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Samsung's Galaxy S22 Ultra was, and still is, a very capable smartphone. However, it was more about merging the Note line and Galaxy line above anything else. We finally had a well-integrated S Pen in a camera-oriented Galaxy S series smartphone. It was the ultimate Samsung smartphone, with nothing left out, priced from Rs. 1,09,999. Rather than going for a complete overhaul this year with the Galaxy S23 Ultra, Samsung has created a device that will feel very familiar to a Galaxy S22 Ultra user, but with a twist. The Samsung Galaxy S23 Ultra  uses a brand-new primary camera sensor to enable a better imaging experience, and a Qualcomm SoC that has been customised to (hopefully) deliver better performance. However, all of this comes at a higher asking price, which I'm sure fans would not mind coughing up. Should you upgrade to the latest Ultra, or stick to the one that you might have?  Samsung Galaxy S23 Ultra price in I...

Samsung Galaxy S23 Ultra Review: In a League of Its Own

Image
Samsung's Galaxy S22 Ultra was, and still is, a very capable smartphone. However, it was more about merging the Note line and Galaxy line above anything else. We finally had a well-integrated S Pen in a camera-oriented Galaxy S series smartphone. It was the ultimate Samsung smartphone, with nothing left out, priced from Rs. 1,09,999. Rather than going for a complete overhaul this year with the Galaxy S23 Ultra, Samsung has created a device that will feel very familiar to a Galaxy S22 Ultra user, but with a twist. The Samsung Galaxy S23 Ultra  uses a brand-new primary camera sensor to enable a better imaging experience, and a Qualcomm SoC that has been customised to (hopefully) deliver better performance. However, all of this comes at a higher asking price, which I'm sure fans would not mind coughing up. Should you upgrade to the latest Ultra, or stick to the one that you might have?  Samsung Galaxy S23 Ultra price in I...

Samsung Galaxy S23 Ultra Review: In a League of Its Own

Image
Samsung's Galaxy S22 Ultra was, and still is, a very capable smartphone. However, it was more about merging the Note line and Galaxy line above anything else. We finally had a well-integrated S Pen in a camera-oriented Galaxy S series smartphone. It was the ultimate Samsung smartphone, with nothing left out, priced from Rs. 1,09,999. Rather than going for a complete overhaul this year with the Galaxy S23 Ultra, Samsung has created a device that will feel very familiar to a Galaxy S22 Ultra user, but with a twist. The Samsung Galaxy S23 Ultra  uses a brand-new primary camera sensor to enable a better imaging experience, and a Qualcomm SoC that has been customised to (hopefully) deliver better performance. However, all of this comes at a higher asking price, which I'm sure fans would not mind coughing up. Should you upgrade to the latest Ultra, or stick to the one that you might have?  Samsung Galaxy S23 Ultra price in I...