Lucent Technologies will be issuing additional pinks slips after the Murray Hill, N.J.-based company announced a more aggressive restructuring plan last month in an effort to become profitable next year. The company said it anticipates an additional 10,000 job cuts, bringing its total number of employees down to 35,000 by the end of fiscal 2003. Lucent had previously announced it would reduce its workforce down to 45,000 employees by the end of calendar year 2002.
In response to continued sluggish sales, Ottawa-based optical network modules and components supplier JDS Uniphase Corp. announced it will make further job cuts after releasing its first financial quarter results for 2003 Thursday afternoon.
An agreement between Microsoft and a Canadian mobile carrier to bring handhelds with Smartphone software to this country has yet to be signed, but a deal is expected in the near future, said Mark Relph, Toronto-based Mobility Solutions Manager for Microsoft Canada.
IBM announced the creation of its Autonomic Computing unit on Monday, which the company says will work to create self-managed software and hardware for enterprises to reduce the complexity of their IT infrastructure.