Jobs Cut

Recently seems many jobs cut in some big telecommunication company:

RIM to cut 2,000 jobs, Morrison to retire

By Judy McKinnon, Dow Jones Newswires Monday 25 July 2011

BlackBerry maker says layoffs in line with guidance announced last month.

BlackBerry maker Research In Motion Ltd., struggling to deal with sagging demand for its aging smartphone line, will cut its global workforce by about 2,000, leaving it with about 17,000 employees. http://www.totaltele.com/view.aspx?ID=466512

Cisco Simplifies; Cuts 6,500 Jobs

JULY 18, 2011 | Phil Harvey | Comments (13) |  | inShare

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Cisco Systems Inc. (Nasdaq: CSCO) CEO John Chambers promised a simpler Cisco, and on Monday, he took steps to deliver. The company announced it is cutting 6,500 employees -- 2,100 of them via a voluntary retirement program.

Cisco says 15 percent of those cut were at VP and higher levels. The whole culling represents a 9 percent reduction in force -- a number that will mean more to the investors who have watched their Cisco shares stagnate over the past decade than to those who are emptying their desks into boxes this evening.

Cisco says about $750 million of the charges against earnings incurred by the layoffs will be recognized during its fourth quarter, which ends in July

http://www.lightreading.com/document.asp?doc_id=210078&f_src=lrdailynewsletter

Tellabs Cutting 10% of Staff JULY 26, 2011 | Ray Le Maistre | Comments (4) |  | inShare Post a Comment Print | Reprint | Email This | RSS no ratings Login to Rate Tellabs Inc. (Nasdaq: TLAB; Frankfurt: BTLA) is to cut 330 jobs, about 10 percent of its workforce, in an effort to save US$50 million a year in operating expenses, the transport equipment vendor announced Tuesday morning. The restructuring program is expected to be completed by the end of the second quarter of 2012, but there are no further details on which parts of the company will be affected. The news came as Tellabs reported a 21 percent year-on-year decline in second-quarter revenues to $334 million and a net loss of $20 million, compared with a net profit of $64 million a year ago, showing just how tough the North American transport infrastructure market is right now. http://www.lightreading.com/document.asp?doc_id=210408&f_src=lrdailynewsletter