From mboxrd@z Thu Jan  1 00:00:00 1970
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From: "matt" <matt@proweb.co.uk>
To: <9fans@cse.psu.edu>
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Subject: [9fans] Lucent Technologies - the telecoms equipment outfit
Date: Tue, 23 Jul 2002 17:07:32 +0100
Topicbox-Message-UUID: d3f08cae-eaca-11e9-9e20-41e7f4b1d025

a lofty promotion from struggling but not good news I'm afraid


Lucent slashes 7,000 jobs

http://theregister.co.uk/content/7/26332.html


 The job cuts - designed to save the company $700m a year - will reduce the
company's headcount from 53,000 to 46,000.

 The company also reported a $7.91bn loss for the quarter, compared to a
loss of $3.24bn in the same quarter a year ago.

 Said Lucent chief exec, Patricia Russo: "The market continues to be very
challenging.  ....

M

:(