Alcatel-Lucent cuts jobs, focuses attention on three sectors

13.12.2008

In addition the company will narrow its R&D efforts to optical, IP, broadband and applications enablement in a further attempt to save.

The company already announced plans to reorganize its structure, creating a carrier product group, a services group, an applications software group and an enterprise product group. At the time it made that announcement, the company also named four presidents to run the groups. It also announced another half dozen replacements for other executives to take effect Jan. 1.

Still the company says it hopes only to break even next year, returning to profitability in 2010.