4/19/02
Japan's NTT
plans to eliminate 17,000 jobs, or 7.8% of its work force, as part
of a three-year plan to revive its business.
4/18/02
Qwest said it plans to cut about 2,000 jobs, slashing its
work force to 53,000, as it lowered its 2002 revenue outlook amid
continued telecom weakness.
4/18/02
Sun Microsystems has posted a 24% drop in revenue during
its fiscal third quarter and said it will lay off approximately
1,000 employees during the next three to six months. As of March
31, Sun employed 39,473 people.
4/17/02
Maker of telecommunications equipment, Nortel will cut 4,000
more jobs than it previously expected to. This comes after reporting
a first quarter loss that it anticipated. Its net loss during the
first quarter reached $841 million or 26 cents a share.
4/17/02
Automaker Delphi plans to eliminate 6,100 workers in an attempt
to continue a restructuring move. During the first quarter, prior
layoffs lowered the company's loss to $51 million.
4/17/02
Tellabs, maker of telecommunications gear, plans to eliminate
1,200 workers or 18% of its workforce because the company reported
that its first-quarter sales dropped by more than 50%.
4/17/02
Andersen Worldwide is expected to announce plans to toss
out 1,500 employees in the United Kingdom. The cuts would affect
between 25% and 30% of U.K. staff are caused by a consequences of
over-the-border business.
4/15/02
Jetstream Communications, the top provider of voice-over-broadband
technology, has shut its doors because of tough times in the telecommunications
industry. The San Jose, Calif.-based company told its employees
last Friday that it could not continue operating as a stand-alone
business and announced the news in a posting on its Web site Monday.
4/15/02
General Electric said it will cut 7,000 jobs this year in
its GE Capital Services division as part of a continuing effort
to cut costs and move more functions to the Internet.
4/15/02
Furniture.com plans to announce it will reintroduce its Web
site as a storefront handling online sales for established furniture
retailers.
