Ericsson Downsizes in Sweden

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Latest news in the telecom space, has it that Ericsson will be getting rid of 3,000 jobs in Sweden.

"The long and short of it is that Ericsson will be getting rid of 3,000 jobs in Sweden, with around a third coming from production, a third from R&D, and a third from sales and admin, through a mix of forced and voluntary redundancies. Borås, Göteborg, Karlskrona, Kumla, Linköping and Stockholm sites will all be affected with Borås and Kumla getting the worst of it."

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Ericsson restructures Networks unit for virtualization push

Ericsson CEO, Hans Vestberg

Swedish vendor Ericsson has reorganized its networks division, splitting it into two new business units; Radio and Cloud & IP. The Cloud & IP unit will drive Ericsson’s work on virtualization, an area in which the firm has ground to make up on its competitors. Executive VP Johan Wibergh will continue to lead the Networks segment, although Ericsson has yet to name the heads of the two new business units.

Of these, Cloud & IP will be the more interesting appointment. Ericsson has long led the market in radio infrastructure and this unit will need a leader able to maintain and protect that leadership as technology continues to evolve towards 5G. In virtualization, however, Ericsson has been slower than the likes of Alcatel-Lucent and Huawei to stake its claim ahead of the intensification of competition that will accompany the industry’s shift to NFV.