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Layoffs?
By Mark Evans | July 31, 2008
Not sure whether the chatter about layoffs has any merit but perhaps tomorrow Nortel will reveal whether there’s any more operational streamlining to be done to reach its goal of cutting opex by $1.5-billion/year.
As much as Nortel has been making progress with gross margins and more focused R+D, getting to the $1.5-billion target has been challenging.
Moves such as bailing out of Wi-Max will help but does the personnel chopping block need to come out again?
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