SINGAPORE--Lucent Technologies will be cutting as much as 25 percent of its global workforce, and promised that its operations here will be "reviewed".
Lucent Asia Pacific media relations director Richard Wright told The Business Times that the company must get rid of between 15,000 and 20,000 of its total worldwide staff of 87,000, roughly 17 to 23 percent.
Lucent has about 7,400 Asia Pacific staff, or whom 500 are in Singapore. Its operations here are located at Chai Chee Industrial Park and Suntec City, and include selling and maintaining telecom infrastructure and marketing broadband and wireless network products.
"We have to decide where to make those cuts," Wright said. "We will size our business in line with market opportunities in each market."
Last week, the US-based telecom equipment maker completed negotiations about restructuring between US$7 billion and US$9 billion of loans.
This is the second time this week that the shadow of layoffs looms over tech workers on the island, which relies heavily on the electronics sector. Hewlett-Packard, which has its Southeast Asia headquarters here, has admitted it will be cutting its 6,500-strong local workforce.