Ericsson reduces workforce by approximately 100 employees in Canada to save costs, according to Globe and Mail.
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 08 2025
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Should l Buy ?
Source: Reuters
Job Cuts in Canada: Ericsson has laid off approximately 100 technical employees in Canada as part of a cost-streamlining strategy and global workforce consolidation.
Support for Affected Employees: The laid-off employees will receive severance packages and job transition support, with their last working day set for October 31.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
