NEW YORK ( TheStreet) -- Given what many readers have described as "my endless bashing" of Alcatel-Lucent's (ALU - Get Report) recent cost-cutting efforts, I'm going to tread lightly here while making a couple of points about investor expectations.As has been the case for most of the year, most investors cheered Tuesday's announcement that the company was cutting its workforce by a net figure of 10,000 people, or 15% of its worldwide headcount. I say "net figure" here because, while the company does plan to eliminate 15,000 jobs, management said another 5,000 will be created as Alcatel-Lucent continues with its restructuring efforts.
ALU's Cuts Don't Address Long-Term Growth
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