Ericsson could do more cost cuts, layoffs in 2024 - CFO
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STOCKHOLM, Jan 23 (Reuters) - Ericsson could look at further cost cuts this year and that could potentially include layoffs, Chief Financial Officer Carl Mellander said in an interview on Tuesday.
The company laid off 8,500 employees last year as part of its cost-cutting initiatives and took out 12 billion Swedish crowns ($1.15 billion) in costs for the year.
"We will scrutinize all costs and continue to dimension ourselves according to where the market is going and demand," Mellander said, adding that the company has not yet identified a specific number of headcount or billions set to be taken out. ($1 = 10.4091 Swedish crowns) (Reporting by Supantha Mukherjee in Stockholm, editing by Terje Solsvik)
