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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