Ericsson is stuck in layoffs, but the road to transformation may be beginning to show signs

　　Recently, the communication giants have announced their third quarter financial reports, and Ericsson is no exception. According to the data in the financial report, Ericsson's sales in the first three quarters of 2017 fell by 6% year-on-year to 47.8 billion Swedish kronor (about 38.65 billion yuan), and its net loss was 4.3 billion Swedish kronor (about 3.48 billion yuan), compared with 200 million Swedish kronor (about 160 million yuan) in the same period last year. Let's follow the mobile phone portable editor to learn about the relevant content.

 Ericsson is stuck in layoffs, but the road to transformation may be beginning to show signs

　　Revenue exceeds expectations,  Ericsson's transformation path begins to take shape

　　It is understood that Ericsson's loss per share in the third quarter was about $0.07; revenue was about $5.82 billion. Ericsson's losses at this stage of the financial report exceeded expectations, but its revenue was higher than expected. In fact, Ericsson's business contraction has been adjusting.

 Ericsson is stuck in layoffs, but the road to transformation may be beginning to show signs

　　Digital transformation of the entire industry is imminent, and Ericsson is suffering from transformation. According to Ericsson President and CEO Hans Vestberg, "Ericsson is on the journey of transformation and change. Now, we are implementing the third stage of development goals, which is to excel in core business, establish leadership in target areas, expand into emerging industries, drive Ericsson to become a solid partner for more customers, and strive to achieve goals through strategic partnerships. "However, the main competitors of operators have changed from the pure telecommunications industry to various industries involved in ICT. The market industry portfolio is evolving rapidly to meet new product demands. Judging from this financial report, Ericsson's transformation and change success has begun to show.

　　Ericsson undergoes major changes in recruitment and layoffs to meet the needs of the times

　　It is an indisputable fact that incompletely mature technologies such as 5G, Internet of Things (IoT), and cloud computing will become a powerful driving force for the transformation and transformation of all industries and the early realization of the vision of a networked society. All industries are driven by this powerful force, and the communications industry has become the cutting edge of this powerful driving force and is at the forefront of the times. However, in order to realize this powerful vision of a networked society, all companies have paid a painful price. According to the financial report, Ericsson laid off another 4,100 employees in the third quarter. Since being driven by these incompletely mature technologies, Ericsson has been constantly transforming, building a cocoon to consolidate the future communication technology base for breaking out of the cocoon and becoming a butterfly, while cutting bones and curing poison to eliminate the company's historical dregs. However, this is essential on the way to realizing the vision of a future digital networked society.

 Ericsson is stuck in layoffs, but the road to transformation may be beginning to show signs

　　First, from the perspective of 5G. The replacement and update of communication technology is becoming more and more unexpected, and the scope of impact is becoming wider and wider. The fourth generation of communication technology is only a major change in the telecommunications industry, transitioning from the voice era to the Internet era. However, the emergence of the fifth generation of communication technology will completely subvert the existing ICT industry. The communication industry will be the core explosion area of ​​this major subversion, and communication companies like Ericsson will inevitably be at the forefront of the major subversion. Perhaps, the image of Ericsson's continuous layoffs today is a true portrayal of various ICT industries tomorrow.

　　Secondly, from the perspective of IoT and cloud computing, this industry is a more advanced industry diffracted by the upgrade of communication technology and is inseparable from the communication industry. The upgrade of communication technology diffracts the Internet of Things, cloud computing and other industries, and the upgrade of communication technology is also for the Internet of Things, cloud computing and other industries. The emergence of these industries has become the only way to upgrade communication technology, and it has also become the purpose of the upgrade of communication technology. The diffracted emerging industrial chain will directly serve the market in the future. Instead of letting go of this huge wealth and struggling in the ocean of communications, it is better to cut bones and meat and re-transform to share the future market.

　　Summarize:

　　The "digital future disruption revolution" will bring earth-shaking changes to the business world, as well as huge opportunities and daunting challenges. Digital innovation will definitely change the future. In this case, today's companies must accept this great disruption revolution.

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