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.
The cuts are part of an effort the company announced late last year to reduce costs by 9 billion Swedish kronor, equivalent to about $861 million, by the end of 2023 through streamlining processes, closing facilities and using fewer consultants.
