Lucent Edges Up 0.5% on Report of Shakeup
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.
