Enterasys takes axe to workforce
In a further attempt to cut costs Enterasys Networks is cutting 730 jobs - about 30 per cent of its total workforce.
Last week senior management, including the CEO and...
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One2One stores face mass closure
German-owned mobile operator One2One is to close a fifth of all its UK stores after a 'rationalisation' by its parent Deutsche Telekom.
The news was circulated in an i...
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IBM takes the axe to 'under-qualified' workforce
IBM is sacking 600 support engineers from its Global Services Division in the US.
The majority of staff losing their jobs are currently involved with helping customers...
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WorldCom threatens staff cuts
As many as 10 per cent of WorldCom's 75,000 staff face losing their jobs as the squeeze on the telecoms industry continues.
According to reports in the Wall Street Jou...
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HP and Compaq set to reveal top-level changes
HP and Compaq are set to release details of the proposed senior management structure of the merged entity next week, along with the impact on the rest of the companies' s...
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Wyly strikes out at CA again
Texan tycoon Sam Wyly, undeterred by a failed boardroom coup at Computer Associates last year, looks set to reopen old wounds with a row that threatens the jobs of at lea...
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EMC facing further jobs woe
Storage systems-maker EMC may have to contemplate deeper than expected job cuts after analysts said a predicted return to profitability in the second half of this year lo...
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Colt loses its money man
Colt Telecom has lost its long-standing finance boss amid speculation that relations between the firm's management board and the company's main investor, Fidelity, are wo...
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Ciena axes more jobs
Optical equipment maker Ciena is to cut another 22 per cent of its workforce. The announcement comes just one month after it reduced its revenue forecasts for this year.
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Galileo cash boost puts GPS in the shade
The EU has agreed to donate a further E450m (£276m) for a satellite navigation network set to rival Global Positioning System (GPS) technology, called Galileo.
Galileo...
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