Swedish vendor Ericsson is planning to cut more than 300 jobs in Spain.

As reported by Spanish publication El Economista, approximately 13 percent of Ericsson's Spanish workforce could lose their jobs as part of a restructuring.

At present, the company employs 2,260 people in Spain.

Ericsson told the newspaper that the cuts will "create operational efficiencies, which may mean duplicating some functions or making work easier, which will mean eliminating some functions."

The report didn't specify which roles would be lost, but noted that 47 jobs were cut in the market last year.

Ericsson has three R&D centers in Spain, located in Madrid, Malaga, and Barcelona.

The company outlined plans to cut 8,500 jobs globally back in 2023 as part of wider cost-cutting measures.

Ericsson reported mixed second-quarter results last week as net sales dropped by six percent year-on-year.

The vendor reported net sales of SEK56.1 billion ($5.8 billion) for the three months up until the end of June.

Ericsson said that growth in North America allowed it to offset declines in other market areas, including India, where network investment levels have dropped.

CFO Lars Sandström told analysts that the company expects “difficult” results for the rest of 2025 once the EU is hit with a 30 percent tariff on imports from August.

Ericsson previously warned during its first-quarter earnings that the tariffs imposed by President Donald Trump would have an impact on the company's performance for this quarter and potentially beyond.