Alcatel-Lucent Cuts Go Deeper — 7,500 Jobs Gone and Counting

Posted by ryuzaki0 on Tuesday July 30, 2013 @01:01PM from the sorry-about-your-luck dept.

Dawn Kawamoto writes "Alcatel-Lucent has cut 7,500 jobs since the start of the year — a couple thousand more than what employees of the embattled telecom equipment maker may have been expecting. Last summer, Alcatel-Lucent said it expected to cut over 5,000 jobs by the end of 2013. Well, cuts have gone deeper than that, and the company's newly minted CEO, Michel Combes, told Wall Street during the second quarter earnings call Tuesday to expect additional cuts and the related cost savings in the coming quarters."

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Cost Savings?? by Anonymous Coward · 2013-07-30 13:06 · Score: 4, Interesting

"expect additional cuts and the related cost savings in the coming quarters"
What about the coming years? I'm not familiar with this particular situation but I've seen plenty of companies happy to give up everything in the long term for short term gains to satisfy Wall Street. Is that the case here?