Is Ericsson started layoff in India?

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It will not happen directly. The approach that they are taking is to have 50% attendance for WFO. Which eventually make few people to leave org. Which is what they want.
Also, EIL received 80% STV. And last I heard they’ve merged both EIL and EGI and made it EIPL.
How come they are receiving 120% STV?

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Ditto as Ericsson 1

No Layoffs in EIL. I heard that there were around 1000 layoffs in EGI. But honestly speaking there is no proof. It may be wrong (I wish). Because Business wise EGI is in a good position. They are getting 120% STV (One of my colleagues from EGI showed this)

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I saw statement from CFO that layoff may happen after last earnings report release. Have you seen any news article on this or anyone from Ericsson confirmed you this? Please keep everyone posted.

STV is broken down into different components. If a particular unit is doing well then they are on stretch. Its true that some unit getting 120% due to same reason

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