Lucent:going,going..????

[shahenshah]

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...

[shahenshah]

oooooops,the URL:
http://news.cnet.com/news/0-1004-200...67.html?tag=lh

[Big-G]

where will this end??????

SAD....

[shahenshah]

dunno..it eeees verrrry SAD..hope they can get back on course..

[Big-G]

btw, why don't these guys do all job cuts at one time??

At least the people who are left behind can have peace of mind. Why make everyone go thro' the turmoil again and again?

[Dhurandhar Bhat]

ol jungle sayin...

survival of the fittest.

its not sad its good....

one more ol sayin..

when the goin gets tough,
tough gets goin.......

its the problem of the bovine....old economy ,primary jobs ...what is a digit producing..nothin..what's a cow producin..milk.

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