Recently, a multinational announced the dismissal of a surprising amount of employees because of an “error” that shook the company. company. The news caused great concern among workers and the community at large. See who is responsible for the mass shutdown that scared so many.
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Ericsson, a telecommunications giant with around 105,000 employees, confirmed a massive layoff of around 8,500 professionals worldwide. The high number of people losing their jobs represents about 8% of its staff, which causes great astonishment.
While some claims made by the company are being linked to cost cutting, something else was key to the large-scale layoff coming to fruition. It turns out that the high investment in 5G technology by Ericsson did not bring pleasant results. Quite the opposite.
In Brazil alone, the investment was around an incredible RS 1 billion.
Even with 5G on the rise, demand for equipment related to it has not leveraged due to delays by companies located in North America. With that, the Ericsson it did not perform the way it intended and presented not very interesting results. This is what led the group to make such a decision that now affects thousands of people and even the economy of the regions where the company operates.
The company claims that the decision is part of a restructuring and cost-cutting plan, which aims to make it more competitive in the market. Through the layoffs, by the end of this year, the company aims to cut spending by approximately SEK 9 billion. Something around R$ 4.5 billion.
Including the Ericsson plans to carry out all shutdowns in the first half of this year. In other words, most likely by June, the 8,500 layoffs will be completed.
