1 posts and columns on telecomm

Ericsson Sacking 5,000 Just in Case

in News on January 21, 2009 at 9:17 am PT

Ericsson is one of those glass half-empty companies. Though it reported better-than-expected fourth-quarter financials and seems confident in the resilience of its business during the downturn, the telecom equipment giant is sacking some 5,000 employees. Better to competitively position the company for a turbulent year ahead than wait for the econalypse to turn you into the next Nortel, right?