Telia Company said on October 12, 2026, that it intends to reduce about 900 positions across the group and target SEK 1 billion in annual gross savings. The roughly $100 million figure is a currency conversion of Telia’s kronor target, not a separate dollar target. The plan is proposed, not a report that the reductions have already happened.
What Telia announced
Telia described the proposal as part of a move to localize operations, give country units a stronger role in serving customers and support profitable growth. The intended reduction of about 900 positions applies across all units and includes employees and resource consultants. Consultants represent about 3% of both Telia’s total positions and the intended reductions, according to the company.
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Telia also proposed transferring about 220 positions, primarily from its common Technology unit to country units. That is a separate organizational transfer, not an additional reduction to add to the 900-position figure.
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Telia’s country table gives approximate intended-reduction figures for five countries. Its total-position count was about 14,100 across operations as of October 1, 2026, including employees and resource consultants.
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| Country | Approximate intended reductions |
|---|---|
| Sweden | 260 |
| Finland | 280 |
| Norway | 150 |
| Lithuania | 110 |
| Estonia | 100 |
The table also lists about 100 positions in “Other” countries, but gives no reduction allocation for them. The figures are approximate company estimates; the announcement does not establish a final allocation or individual job outcomes. Telia Company’s October 12 announcement.
What the $100 million figure means
Telia stated its annual gross savings target as SEK 1 billion. Reuters converted that amount to approximately $99.96 million using an exchange rate of SEK 10.0042 per U.S. dollar. Treat the dollar figure as an approximate conversion, rather than a separately announced Telia target. The company described the figure as gross savings; it should not be read as net savings after restructuring costs or other effects. Reuters via Euronext.
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Restructuring charges and financial outlook
Telia estimated restructuring charges of about SEK 600 million in the fourth quarter of 2026. It expected the cash-flow effects to fall mainly in 2027 and said the charges were not expected to affect its 2026 financial outlook. The company reiterated that outlook in its announcement.
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Telia said it would provide further comments on the expected financial impact alongside its Q3 2026 report, scheduled for October 22, 2026. The date is a planned reporting point, not an implementation deadline for the proposed reductions. Telia Company newsroom.
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What is—and is not—settled
- The 900 figure describes positions Telia intends to reduce; it does not mean 900 people had already been laid off when the company announced the plan.
- The 220-position transfer is a proposed shift of roles to country units, distinct from the intended reductions.
- The country figures are approximate allocations in Telia’s announcement, not a complete breakdown for every country where it operates.
- The SEK 1 billion figure is an annual gross savings target; the announcement does not establish the net financial benefit or the timing of all savings.
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