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With profits tumbling 31%, Ericsson just announced its intent to shed 5,000 jobs across the globe (1,000 in Stockholm). The loss resulting from a "dramatic drop" in contributions from its Sony Ericsson joint venture. The 5k figure represents about 6% of Ericsson's 79,000 employees.Ericsson slashes 5,000 jobs, blames Sony partnership originally appeared on Engadget on Wed, 21 Jan 2009 03:59:00 EST. Please see our terms for use of feeds.
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