shahenshah
August 23rd, 2001, 01:19 PM
Lucent details layoff plans
Telecommunications-equipment maker Lucent Technologies specified plans Thursday to reduce the company's work force by half.
In a presentation to Wall Street analysts, the company clarified its previously announced layoff plans and said it will remove 17,000 more workers on top of the 10,500 workers already laid off and the 8,500 who chose to take early retirement.
Of the 17,000 on the chopping block, the company will cut 5,000 outsourced jobs and the remaining cuts will come from inside the company, which will bring the company's total number of employees to between 57,000 and 62,000 by March of next year. Lucent finished the year 2000 with 123,000 employees.
Lucent expects to reach profitability in fiscal 2002, which ends in September 2002....
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Will Lucent survive..??They have such a wonderful R&D base...
Telecommunications-equipment maker Lucent Technologies specified plans Thursday to reduce the company's work force by half.
In a presentation to Wall Street analysts, the company clarified its previously announced layoff plans and said it will remove 17,000 more workers on top of the 10,500 workers already laid off and the 8,500 who chose to take early retirement.
Of the 17,000 on the chopping block, the company will cut 5,000 outsourced jobs and the remaining cuts will come from inside the company, which will bring the company's total number of employees to between 57,000 and 62,000 by March of next year. Lucent finished the year 2000 with 123,000 employees.
Lucent expects to reach profitability in fiscal 2002, which ends in September 2002....
***********************************************
Will Lucent survive..??They have such a wonderful R&D base...