Carrier Access Lays Off 75

BOULDER, Colo. -- Carrier Access Corporation (Nasdaq: CACS), a manufacturer of broadband communications, today announced a reduction in its national workforce of 17 percent as part of its overall strategic plan to return to profitability. The company reduced its employee base by approximately 75, with most of the adjustments in the Boulder, Colorado, and Roanoke, Virginia, offices. Carrier Access' employment will total about 350 after the reduction. "Like other companies in the communications industry, Carrier Access has seen dramatic changes in service provider capital spending. We regret the hardship this event will have on the affected employees and their families. We have plans in place to help them in the transition, including outplacement services," said Roger Koenig, Carrier Access CEO. Carrier Access will provide additional information and comment during its scheduled conference call at the close of market on Tuesday, April 23, 2002. Carrier Access Corp.