ADC Telecommunications

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is cutting 400 of its 2,300 systems integration employees in a bid to maintain profitability.

The company's shares recently lost $2.19, or 11.6%, to $16.63 on the

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. The shares have a 52-week low of $15.13 and a high for the year of $49.

The Minnetonka, Minn., company, which makes equipment, software and integration services for broadband, multiservice networks, said the job cuts account for less than 2% of its 22,400-member work force and are distributed geographically across its operations.