IP: Another big 3Com layoff

[David Farber <dave@farber.net>]

>From: "Janos Gereben" <janos451@earthlink.net>
>To: "jg" <janos451@earthlink.net>
>Subject: Another big 3Com layoff
>Date: Mon, 7 May 2001 14:36:18 -0700
>X-Mailer: Microsoft Outlook Express 5.50.4133.2400
>
>
>3Com cuts another 3,000 jobs
>
>Network equipment maker <B>3Com</B> announced on Monday that it
>will lay off nearly a third of its work force, eliminating another
>3,000 jobs. The Santa Clara, California, company laid off 1,200
>full-time and contract workers just three months ago, part of a
>40% layoff recently to save $1bn in annual salary-and-benefits
>costs. The new job cuts will reduce the 3Com staff from 10,000 to
>7,000, with an impact on all operations, the cuts taking place
>over the next six-to-nine months. As part of the plan, 3Com has
>already began to move out of the consumer market, canceling some
>of its consumer offerings, including its Audrey Web device and
>Kerbango Web audio product. JG
>
>================
>Janos Gereben/SF, CA
>janos451@earthlink.net



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