In the first round of layoffs at of Micron Electronics Inc. since Joel Kocher's promotion as chief executive and chairman last month, the company said Thursday it plans to cut 130 jobs.
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Level 3 Communications announced layoffs and a massive overhaul to its financial projections Monday, as it struggles to survive the economic downturn. Its management has also agreed to halt selling of company shares.
eBay Inc. on Tuesday said it will lay off 15 percent of the workers at its Butterfields auction house.
Networking equipment maker 3Com on Monday said it would cut its work force by 3,000 people, or 30 percent, in an effort to trim its costs by $1 billion.The announcement was expected.
National Semiconductor on Tuesday warned that its revenue and earnings will fall short of Wall Street estimates and that it will eliminate 1,100 jobs, or about 10 percent of its work force. National Semi said in a statement that it now expects sales to be between $390 million and $400 million, down 16 percent to 18 percent from the previous quarter.
Lucent Technologies said Tuesday it will lay off another 15,000 to 20,000 workers and take a $7 billion to $9 billion charge as part of a continuing restructuring program the company hopes will turn a profit sometime in fiscal 2002.The layoffs are just the latest sign of financial woes at Lucent.
HomeCom Communications saidTuesday it would cut its work force by 18 jobs, or 28percent, to reduce operating expenses, and wouldexplore strategic options. Full story.
Covad Communications on Monday announced plans to reduce its workforce by 13 percent. The DSL service vendor said nearly 400 full-time employees inDenver, Atlanta, California, and Virginia would receive pink slips.
The U.S. National Security Agency, the organization responsible for spying on foreign communications and analyzing military data, is considering upgrading its information network by hiring private industry, it announced on Wednesday.