China’s Grim Economy Leads to Mass Layoffs in Shanghai, Ericsson Reportedly Lays off Thousands
China’s Grim Economy Leads to Mass Layoffs in Shanghai, Ericsson Reportedly Lays off Thousands
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News came out that Swedish multinational telecommunications company Ericsson will undergo a strategic adjustment in its China operations. Ericsson's core network department in Shanghai is expected to lay off around a thousand people.
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