Swedish telecommunications equipment maker Ericsson expects to continue cutting jobs, Chief Executive Börje Ekholm said on Friday, as the company presses ahead with cost-saving efforts in a weak 5G market.

“We have reduced the headcount, for example by 5,000 over the past year, and we expect to continue reducing headcount going forward,” Ekholm said on a post-earnings call.

Earlier this month, Ericsson announced plans to eliminate up to 1,600 jobs in its home market of Sweden.

The cost-cutting measures have helped Ericsson preserve profitability and deliver solid earnings despite subdued demand and slower investment in 5G network deployments.