Network Computing is part of the Informa Tech Division of Informa PLC
Nortel Details Job Cut Plan
Nortel Networks gave details of a previously announced job cut program Thursday, saying it is cutting 1,400 in the United States by next June.
The total of 3,250 jobs to be eliminated is down slightly from the rough number of 3,500 given in an August announcement by the global telecom equipment maker as it struggles to regain its financial footing following the tech crash and an accounting scandal.
The plan also includes the reduction of about two million square feet of occupied real estate, to be completed by the end of 2005.
"The decisions made to reduce our employee community and refine operational efficiencies have been undertaken in a very considered way," chief executive Bill Owens said.
"Our work force actions are focused to disproportionately protect customer and sales facing roles, as well as continue our focus on new innovative solutions."
Recommended For You
Developing and managing a network budget is hard work for network professionals, who often get hit with new projects that they know nothing about. Is there a better way to manage network spending?
Making the jump from outdated legacy technology to a more modern digital infrastructure will allow businesses to innovate at the speed and scale needed in today’s marketplace.
The business world is speeding up. The longer IT leaders wait to get their needs met, the more at risk their businesses and their jobs will be.