Summary:

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 […]

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.

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