Update: Nortel to lay off 10 percent of staff
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Nortel Networks Corp. will cut 10 percent of its workforce, or around 3,500 jobs, to reduce costs.
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Cingular Wireless, the nation&#39;s largest cellphone company, will cut about 10 percent of its 68,000 jobs over the next 12 to 18 months as it combines operations with the recently
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TTAWA, Aug. 19 - Nortel Networks, the troubled Canadian telecommunications equipment maker, has fired seven more financial managers as it continued to sort out the accounting scandal that led to the dismissal of its president this year.
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SBC Communications expects to cut 10,000 or more jobs by the end of next year through layoffs and attrition. That&#39;s about six percent of the San Antonio-based company&#39;s work force.
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Nortel Networks will lay off about 1,400 employees in the US and about 950 in Canada, with those employees to be notified by the end of June 2005.
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Nortel Networks Corp. NT.TO said on  Thursday it will eliminate almost 10 percent of its workforce,  slightly less than it previously expected, and consolidate real  estate in a cost-cutting plan that will save $500 million in  2005.
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Nortel reduced layoffs by 250, as the company details plans to cut expenses
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Nortel Networks Corp. will cut 250 fewer jobs than it first expected but nearly a quarter of the 3,250 employees facing pink slips over the next nine months are slated to come from Ottawa, the company revealed yesterday.
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Nortel Networks said on Thursday it will slash its work force by 3,500, or 10 percent, as it struggles to recover from an accounting scandal that toppled three top executives and led to a criminal investigation and lawsuits.
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TORONTO -- Nortel Networks yesterday gave details of a previously announced job cut program, saying it is cutting 1,400 positions in the United States by next June.
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In a continuing effort to cut costs, EarthLInk said it would lay off about 900 employees. In addition, it would buy back about $200 million of its own stock, according to a statement by CEO Rolla Huff on Tuesday.
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Telecommunications equipment maker Nortel Networks will not lay off as many employees as it previously predicted, the company said Thursday.
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Nortel Networks Corp.    said on Tuesday it will cut 1,100 jobs globally as the  communications equipment maker seeks to improve operating  margins.
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TORONTO Sept. 30, 2004 - Nortel Networks Corp. gave details of a previously announced job cut program Thursday, saying it is cutting 1,400 in the United States by next June.
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The scandal-beset company will also lay off about 10 percent of its work force.
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Dell Inc. said Thursday it will lay off 10 percent of its 88,100 workers in a continuing effort to improve profits.
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By JORDAN ROBERTSON, Associated Press writer  SAN JOSE, Calif.  Chip-maker Intel Corp. said Tuesday it will eliminate 10,500 jobs  about 10 percent of its work force  through layoffs, attrition and the sale of underperforming business groups as part of a massive restructuring.