Swedish telecom operator Telia plans to cut 900 jobs, saving $100 million annually

Swedish telecom operator Telia plans to eliminate approximately 900 positions as part of its cost-reduction strategy, aiming to save about $100 million per year. The carrier announced on Monday that the layoffs, representing 6.4% of its 14,100 employees, are expected to be completed by year-end. Telia stated it will continue advancing business streamlining and localization reforms, empowering local subsidiaries with greater authority and functions to enable faster decision-making, more efficient commercial execution, and reduced operational complexity. Through these layoffs and lowering the base of operating costs, Telia aims to achieve total annual savings of 1 billion Swedish kronor (approximately $100 million); about 600 million kronor in restructuring costs will be recorded in the fourth-quarter financial report.