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Technology

Swedish telecoms operator Telia says to cut 3,000 jobs

Published Updated
Photo: Reuters
Photo: Reuters
By

STOCKHOLM: Swedish telecoms operator Telia said Wednesday it will cut 3,000 jobs as part of a cost-cutting drive that aims to generate approximately $250 million in annual savings.

As China woes mount, investment banks brace for more Asia job cuts

“Subject to union negotiations, Telia aims to reduce its headcount by 3,000 positions during 2024,” the company said in a statement, or about 15 percent of its workforce.

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