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Micron to cut 130 jobs

Micron to cut 130 jobs

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.

July 15, 1998 by in Tech & Work

Level 3 revamps for tough times

Level 3 revamps for tough times

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.

June 17, 2001 by in Tech & Work

3Com axes 3,000 jobs

3Com axes 3,000 jobs

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.

May 6, 2001 by in Tech & Work

Layoffs, revenue warnings at National Semi

Layoffs, revenue warnings at National Semi

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.

May 8, 2001 by in Tech & Work

Lucent to cut up to 25,000 more jobs

Lucent to cut up to 25,000 more jobs

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.

July 23, 2001 by in Tech & Work

Covad slashes 400 jobs

Covad slashes 400 jobs

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.

November 27, 2000 by in Tech & Work