Ciena Cutting Jobs Again

Ciena's (CIEN Quote) vision came under fire again Tuesday after the struggling networker rolled out plans to close down an optical gear operation it acquired at great cost just two years ago.

Ciena says it will close the former ONI facility in San Jose, Calif., in a continuing effort to trim costs. The move will allow Ciena to slash its staff by 425 workers, or 25% of the total.

The reeling network gearmaker says the move will reduce between 10% and 20% of its total costs. Ciena will move equipment design and support duties to Georgia and Maryland. The company has been rushing to reduce its budget after long trying to grow its way out of the tech sector's stupor. ...