U.S. leadership did not see the downturn of 2023 and 2024 coming. This business is cyclical, how do you not see it coming and how do you fail to buffer the organization? In response, U.S. leadership promotes itself in the organization while laying off the skilled labor that got them this far. Loyalty is dead, long live loyalty. I would guess they signed up for some things they couldn't deliver and now have to scramble to reinvent themselves to try to make good on commitments. This, combined with what seems like personal preference based housecleaning, gets wrapped in a return to office masked layoff that unfairly discriminates against older, remote workers. That seems to be the latest carefree layoff.
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Welcome to the telecom club. Checkout the Nokia layoff page. Nokia has it even worse then Ericsson. At least Ericsson was able to yank away AT&T as a customer from Nokia, and I wouldn't be surprised if T-mobile follows AT&T and Verizon. Hopefully, by now, most employees know that the top leadership team is feeding garbage excuses to it's employees. They just want to see the share price go higher so they can full-fill their contract and escape by leaving the company with their millions. It's same everywhere. Employees no longer mean a thing to any company these days, especially now due to AI coming up to speed.