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Ericsson Q2 Operating Profit

Ericsson Second-Quarter Operating Profit Meets Expectations

Mobile telecom equipment maker Ericsson reported a rise in line with expectations in second-quarter operating earnings helped by strong sales growth in North America. Ericsson, which is one of the main suppliers of equipment for 5G equipment alongside Huawei and Nokia, said it expects to meet its targets for 2020, reports CityAM. The Swedish company […]
HTC will lay off 1500 employees

HTC Will Lay Off 1,500 Employees In An Effort to Save Money

HTC, the struggling Taiwanese smartphone maker announced that it is laying off 1,500 employees from its Taiwan manufacturing division in an effort to recuperate from months of bad quarterly results and bring the company back to profitability, reports TechCrunch. The layoffs will result in 25% reduction in HTC’s entire workforce, and the company said it […]