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3Com To Cut 250 Jobs, Reports Narrower Q4 Loss

3Com Wednesday reported a narrowed fourth-quarter loss and unveiled a restructuring plan that will result in 250 job cuts.

The restructuring hits 3Com's Secure, Converged Networking (SCN) operating segment and does not impact the vendor's Huawei-3Com joint venture or its TippingPoint security business, said Scott Murray, president and CEO of 3Com, Marlborough, Mass., during a conference call. Instead, 3Com plans to add headcount to those latter two groups, he said.

The 250 full-time job losses will primarily come in the sales and marketing organizations of 3Com's SCN business, resulting in a reduction of SCN's headcount by about 15 percent.

At the same time, 3Com plans to refocus its spending in sales and marketing, Murray said. "We are taking a thorough look at how to spend our resources and create programs that provide greater returns on our investments," Murray said.

3Com also plans to close 21 sites globally, including the closure of its former headquarters in Santa Clara, Calif., he said.

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