Ciena Cutting Deeper
Ciena (CIEN Quote) is preparing a deep round of job cuts for the second time in a month.
The Linthicum, Md., networking shop is cutting 300 jobs from across its operations, say people familiar with the plan. The 25% cutback comes just four weeks after Ciena closed its San Jose facility.
The layoff plans show that Ciena continues to struggle in all its sales efforts. The company's new gear has proved a tough sell with tightfisted telco customers, and its once-hot CoreDirector gear isn't flying off the shelves either.
The latest round of layoffs will target workers from across Ciena's operations, including low-level executives, administrative staff, engineers and customer support employees. Entire sales teams on some accounts have been notified or will soon receive pink slips, according to people close to the situation. ...
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