Will there be a Telecom and ICT recession in 2023? (Update: 2024 too?)

Opinion
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Source: :point_down:

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150

Bell’s 4,800 layoffs, largest in nearly 30 years, ‘feel like death by a thousand cuts,’ says Canadian Association of Journalists

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Ericsson to lay off 1,200 staff in Sweden as 5G spending slows

https://www.reuters.com/business/media-telecom/ericsson-lay-off-1200-people-sweden-2024-03-25/

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Big Tech post strong earnings and revenue growth, but cuts jobs along with Telecom Vendors

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https://techblog.comsoc.org/2024/04/30/big-tech-post-strong-earnings-and-revenue-growth-but-cuts-jobs-along-with-telecom-vendors/

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Layoffs crash into Microsoft’s Azure for Operators

Microsoft is cutting employees in its Azure for Operators business, which targets the telecom industry. The moves dovetail with similar cullings at other telecom vendors, amid a downturn in operator spending.

Seems the trouble now is focused on Hyperscalers vs Telcos issues → Hyperscalers vs Telcos issues

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I’m sorry how is this needed? Isn’t 5G also provided with cellular networks?

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Intel is laying off over 15,000 employees and will stop ‘non-essential work’

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Samsung India to lay off over 200 executives with business slowing down