Data Center

Report: AlcaLu to cut 15k jobs, re-orient as IP networking, ultra-broadband specialist

Oct. 9, 2013

Network World and IDG News Service are reporting that Alcatel-Lucent will cut 15,000 jobs by 2015 in an effort to focus on fewer core businesses.

Matt Vincent

Network World and IDG News Serviceare reporting that Alcatel-Lucent will cut 15,000 jobs by 2015 in an effort to focus on fewer core businesses. The French telecommunications equipment maker says it will transform itself into an IP networking and ultra-broadband specialist, and plans to eventually add 5,000 new staff in these targeted growth areas, according to unnamed sources.

The company reported in July that its revenue in the second quarter was $ 3.6 billion (US$4.7 billion), up 1.9 percent year-over-year. Net losses, however, reportedly grew to $885 million from $396 million in the same quarter last year. In June the company announced a new strategic plan under new CEO Michel Combes.

More news: AlcaLu sets new single-fiber optical transmission record at transoceanic distance

As reported by Network World's John Ribeiro, called "The Shift Plan," the scheme would transform Alcatel-Lucent into an IP networking and ultra-broadband specialist, with a growing and cash generative business and a sound balance sheet by the end of 2015. The plan is based on current changes in the telecommunications sector, the company said in a regulatory filing.

Full story: Alcatel-Lucent to cut 15,000 jobs to focus on few businesses, reports say (networkworld.com)

More news: Former AlcaLu strategist joins Infonetics as data center and cloud analyst

About the Author

Matt Vincent | Senior Editor

Matt Vincent is a B2B technology journalist, editor and content producer with over 15 years of experience, specializing in the full range of media content production and management, as well as SEO and social media engagement best practices, for both Cabling Installation & Maintenance magazine and its website CablingInstall.com. He currently provides trade show, company, executive and field technology trend coverage for the ICT structured cabling, telecommunications networking, data center, IP physical security, and professional AV vertical market segments. Email: [email protected]