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Telecom equipment manufacturer

Lucent

(LU) - Get Lufax Holding Ltd American Depositary Shares two of which representing one Report

was up 0.5% in midafternoon.

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The Wall Street Journal

reported that the company may cut 10,000 jobs or 10% of its work force. The possible job reduction comes as the company continues to shakeup management, two weeks after ousting its CEO.