Ericsson, one of the major players of the Mobile Indusrty is annoucing job cuts and is planning to stop developing modems. The company now plans to focus more on thier core business which is radio wireless technology.
The trend in the IT industry now is more on downsizing and product focus. With the rise of outsourcing and more IT players around the world, It creates a more competitive environment and large corporations have to keep up with more competition.
Here’s the full report at rappler.com ( rappler.com is a Philippine based Media website )