<story><title>Ericsson is reportedly planning to cut 25,000 jobs in response to crisis</title><url>http://nordic.businessinsider.com/ericsson-is-reportedly-planning-to-cut-25000-jobs-in-brutal-response-to-crisis-2017-8/</url></story><parent_chain></parent_chain><comment><author>TorKlingberg</author><text>I used to work for Ericsson R&amp;amp;D, so I am sad to see this, especially for my previous colleagues. There are some very sharp and dedicated engineers there.&lt;p&gt;At least this cut seems to mostly affect Managed Services. That is the division that basically manages telcos networks for them. It was a big growth area a couple of years ago, but turned out to be very low margin.&lt;p&gt;Ericssons fundamental problem is that their only customers are the telecom operators, and the telcos aren&amp;#x27;t going to invest in infrastructure unless they have to. 4G rollout is mostly done in developed nations, and 5G is just a buzzword at the moment. Even if Ericsson invents some amazing technology that improves the end users experience, it doesn&amp;#x27;t mean they will make much money from it.&lt;p&gt;Of course the price pressure from Chinese competitors has not helped, even if Ericsson has held on to its marketshare.</text></comment>
<story><title>Ericsson is reportedly planning to cut 25,000 jobs in response to crisis</title><url>http://nordic.businessinsider.com/ericsson-is-reportedly-planning-to-cut-25000-jobs-in-brutal-response-to-crisis-2017-8/</url></story><parent_chain></parent_chain><comment><author>Exuma</author><text>Well, I just started learning Erlang... hopefully this doesn&amp;#x27;t affect that D;</text></comment>