Headcount: Man-Eating Holiday

Ciena restructuring rumors persist, Wolters quits Sentito, Pagani leaves Nortel, and Hyperchip cuts some staff

March 2, 2004

3 Min Read
Headcount: Man-Eating Holiday

Think the job news is just brutal? Well it could always get worse.

Bernd-Juergen Brandes, a computer chip developer at Siemens AG (NYSE: SI; Frankfurt: SIE), took the day off work on the day that he was to be eaten.

Late last month, Armin Meiwes, the self-confessed cannibal, was given an eight-and-a-half year prison term by a German court for killing and eating Brandes back in 2001. Meiwes admitted that he killed, dismembered, and partially devoured his victim but added that Brandes had begged Meiwes to commit said crimes.

Brandes was not paid for the day.

While you marvel at the insanity, please note the following telecom industry hirings and firings of the past few days:

  • Terry Wolters is no longer president and CEO of Sentito Networks, Headcount has confirmed. The company won't comment on the details of his departure but says a new chief will be in place shortly.

    • Core routing startup Hyperchip Inc. has cut its workforce by between 40 and 50 people, sources close to the company say. The last reported cuts at the company came in October 2002, when it whacked about 87 from payroll (see Startups Make More Cuts).

    • Marco Pagani, president of Optical Ethernet and Storage Solutions at Nortel Networks Corp. (NYSE/Toronto: NT), has left the building. Nortel says Pagani actually left quietly in late 2003, and there's no info about what he's doing now. As late as November, Pagani was still being quoted in the company's PR materials. Nortel hasn't replaced Pagani, but his duties have been assumed by Brian McFadden, Nortel's president of Optical Networks.

    • Rumors continue that Ciena Corp. (Nasdaq: CIEN) is about to undergo (another) major corporate restructuring. Taking a look at the numbers, it's clear that Ciena could make a case for cutting back. The company cut some 450 jobs between the second quarter of 2003 and the first quarter of 2004, according to its Securities and Exchange Commission (SEC) filings. Its worldwide headcount at the end of the first quarter was 1,778. But after all that cutting, it recently agreed to acquire about 110 more staff with the acquisition of Internet Photonics Inc. and about 250 more staff with the Catena Networks Inc. purchase (see Ciena Buying Binge Alarms Analysts).

    • Korean cell phone operator SK Telecom Co. says Kim Sin-bae has been appointed CEO from his current position as managing director. Its former CEO, Pyo Moon-Soo resigned on February 24.

      Here are some of the other appointments and disappointments from the past several days:

      • Eblana Names Head of NA Sales

      • VoEx Names Senior VP

      • Broadwing Names VOIP VP

      • Alfalight Names CEO

      • LightConnect Exec Joins Sierra

      • Photonics Control Hires Sales VP

      • Lehigh Adopts Optiwave Program

      • Meriton Gets CFO

      • Grubman Returns

      • World Wide Packets Bolsters Mgmt Team

      • Genesys Gets New CEO, Chairman

      • Phyworks Appoints Chairman

      • AFS Names S&M VP

      • Teknovus Names Chairman

      • AFC Elects Frank Ianna to Board

      • Lucent Swaps Heads

      • Mangrove Recruits Two Execs

      • Spirent CEO Steps Down

      That's the story this week. Until next time, feel free to pepper us with your salty news tips by sending email to: [email protected]. We'll tell you whether or not they taste like chicken.

      — Phil Harvey, News Editor, Light Reading

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