Comverse Technologies (Nasdaq:CMVT) (CMVT) will be cutting about 850 jobs starting tomorrow, December 5.
Half the positions slated for the ax are in Comverse's Israeli offices.
On November 26 Comverse chief executive Zeev Bergman sent an email to employees, describing an impending company-wide reorganization.
He did not state how many jobs would be terminated.
Comverse will be publishing its third-quarter financial statement on December 11. It announced on October 24 that it expects quarterly revenues of $295 million, down 10.6% from its previous guidance. It also said it expects earnings per share of 11 cents, compared with an earlier estimate of 20 cents.