Forgot your password?
typodupeerror

+ - Alcatel-Lucent Twists Knife Deeper - 7,500 jobs gone and counting

Submitted by Dawn Kawamoto
Dawn Kawamoto (2913427) writes "Alcatel-Lucent has cut 7,500 jobs since the start of the year — a couple thousand more than what employees of the embattled telecom equipment maker may have been expecting. Last summer, Alcatel-Lucent dropped a bomb on its employees, when it said it expected to cut over 5,000 jobs by the end of 2013. Well, the knife has cut deeper than that and its newly minted CEO Michel Combes told Wall Street during its second quarter earnings call Tuesday to expect additional cuts and the related cost savings in the coming quarters. Ouch!"
This discussion was created for logged-in users only, but now has been archived. No new comments can be posted.

Alcatel-Lucent Twists Knife Deeper - 7,500 jobs gone and counting

Comments Filter:

"Right now I feel that I've got my feet on the ground as far as my head is concerned." -- Baseball pitcher Bo Belinsky

Working...