Wednesday, March 27, 2013

Ericsson axes almost 1,400 jobs.

 Ericsson (ERIC) has cut 1,399 positions in Sweden as part of its restructuring, fewer than the 1,550 jobs that the network-equipment vendor originally planned to axe. Ericsson will take a charge of 1.5B kroner ($230M) on its Q1 results because of the losses. Meanwhile, the company is reportedly in talks to acquire Microsoft's (MSFT) MediaRoom IPTV business, which allows telecom companies to provide television via the Internet.

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