It is a shame to hear that Alcatel-Lucent may be cutting more people than expected. I was really impressed with the wireless security device the company recently rolled out with Sprint and I’m saddened to see great new products accompanying job loss.But then again if the customers are merging, so too must the equipment providers.
Here is the scary news. The company is planning on cutting 12,500 but at least one analyst thinks the company needs to cut 30k to be as efficient as Ericsson. Ouch!
The Financial Times has more on this story.
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30,000 employee layoffs.... How will that affect the company stock, which already seems to be failing to gain ground.
The stock market generally loves when companies cut. The problem for Alcatel-Lucent however is that they have a great deal of trouble laying off people in France whereas in the US it is easy.
This could mean they will lose many good people and keep the people they should be ridding themselves of.