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.