Alcatel Lucent to Cut 12,500 Jobs

Alcatel Lucent reported its first earnings as a combined company today, which wasn’t really cause for celebration given the company said it’s cutting 12,500 positions over the next 3 years. “These are difficult but necessary decisions, and we will manage these reductions with care,” said CEO Patricia Russo. Ah, reassuring words.

You're subscribed! If you like, you can update your settings

Comments have been disabled for this post