Nortel issues more bad news

Nortel Networks Corp. warned yesterday that it now expects to report a first-quarter loss because of delays in spending by U.S.-based customers, and the networking equipment vendor said about 10,000 employees will be cut from its workforce this year as a result of the lowered business outlook.

Would you recommend this article?


Thanks for taking the time to let us know what you think of this article!
We'd love to hear your opinion about this or any other story you read in our publication.

Jim Love, Chief Content Officer, IT World Canada

Featured Download

Related Tech News

Tech Jobs

Our experienced team of journalists and bloggers bring you engaging in-depth interviews, videos and content targeted to IT professionals and line-of-business executives.

Tech Companies Hiring Right Now