How alarming would it be if The Swan host Amanda Byram were at the next earnings conference call, offering hugs and kind words for sniffling executives? "I know it's tough to live up to what all the cable companies are doing," she might say. "But if you just shed some costs, add some services, and stop blaming all your troubles on the FCC, you'll do just fine."
Perhaps this column should just end on a surreal high, but, as format requires, we move on. Here are some telecom industry hirings and firings from the past few days:
No surprise there. Even its latest round of commercials for DSL service features the animated stars of The Incredibles instead of real people.
Here's what SBC said on the subject late last week, via its SEC filings:
Over the past 12 months, we have reduced our workforce by approximately 7,000, primarily through normal attrition. Based on a number of initiatives to improve efficiencies, we currently anticipate there will continue to be additional workforce reductions through attrition or involuntary programs that could exceed 10,000 by December 31, 2005.
SBC employs 165,500 now, and one of those folks, as announced today, is Dan York, an IPTV specialist. Prior to joining SBC, York had his own media consultancy, The York Group, and, before that, he held the title of Senior Vice President, Programming & Development at In Demand Networks, a leading pay-per-view content company.
Not really. That carrier has been able to pay for those extra resources by tightening up in other areas (see Verizon Expands FTTP Plan). Between September 30, 2003, and September 30, 2004, the carrier cut 11,700 people from its payroll -- about 5.3 percent of its workforce, according to SEC filings.
The cuts were needed to save cash while it hunts for more funding. According to a statement on its Website, "Axiowave will continue to support its customers and existing product line during this restructuring," and more information will be available on the company's fate in the next 30 days.
By way of background, Network Elements was founded in 1998 and has raised more than $100 million in funding.
We wrap up, as usual, with a summary of other industry appointments and disappointments from the past few days:
- Work Poll: Offshoring Gathers Steam
- Union Slams AT&T Job Cuts
- Sprint Cuts Its Business Unit
- Net.com Reports Happy Q2 (Sort of)
- JDSU Hires Former Intel VP
- Force10 Adds Sales Exec
- Former Mahi CEO Joins USVP
- Finisar Appoints Senior VP
- Optical Solutions Adds VP
- General Bandwidth Adds Some S&M
- Spirent Remembers David Gellerman
— Phil Harvey, News Editor, Light Reading