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Headcount: Give Me Liberty

Light Reading
News Analysis
Light Reading
3/31/2003

Over the weekend, Headcount got to feel what it was like to view the Iraq war from an embedded position. Embedded deep into in the living room sofa, that is.

Actually, the war-watching has become tiring, especially because most of the reports from the field are incomplete. It's a bit like tuning into a football game and only getting to see the offense. We're not sure what the solution is, but it's hard not to think of Orwell's observation that if liberty means anything at all, it means the right to tell people what they do not want to hear.

Okay, enough war chatter. It's time to get to this past week's most interesting hirings, firings, and other work-related news from the telecom world:

  • Last Friday marked the deadline day for Tellabs Inc. (Nasdaq: TLAB; Frankfurt: BTLA) employees who wanted to volunteer to be included in the company's upcoming layoffs. Tellabs now has 4,700 employees and hasn't publicly said how many it will cut, nor has it disclosed how many volunteers have stepped up to take one for the team. The company was asking for volunteers as a way of keeping its employees more informed about its workforce reduction plans. Tellabs is making the staff cuts to keep its expenses more in line with its revenues. The company is set to announce earnings on April 16.

  • Masoud Vaziri, the former director of lightwave system design for Nortel Networks Corp.'s (NYSE/Toronto: NT) LH4000 platform, has founded a new company called dBQ Lab Photonics Testworks in Richardson, Texas. When Headcount met Vaziri at the OFC Conference in Atlanta, he said he had left Nortel very recently and he's not ready to share details about his startup just yet.

  • Mahi Networks Inc. has hired Wade Wulster as its regional VP of sales for the Eastern U.S. Wulster, who has done stints with Sycamore Networks Inc. (Nasdaq: SCMR) and BrightLink Networks, was most recently the account director for Tellabs' AT&T Corp. (NYSE: T) business.

  • After pummeling the components makers, systems vendors, and telecom operators for so many months, the recession is finally taking a whack at the contract manufacturing sector, the guys who initially benefitted from the industry's flight to downsizing and outsourcing. This month Solectron Corp. (NYSE: SLR) announced it will cut 12,000 of its 74,000 staff while reducing its manufacturing capacity by about 3 million square feet. To put it differently, the company is cutting roughly one out of every six employees and is shedding two Georgia Domes worth of manufacturing capacity.

  • Atiq Raza has denied rumors that he is starting up a chip company that will stand on the decomposing shoulders of several of his deceased startups (see Headcount: Tell It Like It Is). Weeks ago, a few folks were telling Headcount that Raza's plan was to salvage some of the intellectual property developed by a few of the startups he funded through Raza Foundries. Raza says those rumors are false. However, Headcount would like to point out that Raza has been answering his email lately from an address that contains the razamicroelectronics.com suffix. It turns out www.razamicroelectronics.com is a domain owned by Raza Foundries. Of course, we're not saying Mr. Raza is for sure opening up a new chip company. We are, however, noting that if he were to do so, Razamicroelectronics would be a truly catchy name for it.

  • Accelerant Networks Inc. has cut about one quarter of its staff this month, according to president and CEO Ken Molitor. He wouldn't comment on the company's current headcount or how much money it has raised to date. "We are optimistic about the future and think that once the market turns, we will be very well positioned," he boilerplates.

  • Despite reports of its death, Jedai Broadband Networks Inc. is alive and well, according to Michael Pritz, the company's president and CEO. Light Reading reported in February that the company was working on closing a $10 million round of funding (see Jedai Close to $10M ). Pritz didn't want to talk about Jedai's funding or its headcount. "I guess I should be flattered that we warrant enough concern for rumors to be floating around," he says.

    Here's a summary of other industry appointments (and disappointments) from the past several days: That's all from the front lines. If we missed anything, send a tip to [email protected].

    — Phil Harvey and Marguerite Reardon, Senior Editors, Light Reading

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    gea
    gea
    12/5/2012 | 12:20:33 AM
    re: Headcount: Give Me Liberty
    Well, as of last week some ex-Jedaiers were telling me that they had closed their doors and that people were picking up their stuff.

    When did Lightreading speak with Michael Pritz?

    Is Jedai going into some kind of super-sleep mode?

    Anyone actually know some facts? (Is it too early to throw out my stock certificate?)
    3e8
    3e8
    12/5/2012 | 12:20:31 AM
    re: Headcount: Give Me Liberty
    Ciena is in the process of finalizing another round of cuts, targetting 25% or even more of current company headcount.

    Ouch!

    The Cryas product is going to be severly affected, with most current designers being axed.

    Ouch again!
    opway
    opway
    12/5/2012 | 12:20:30 AM
    re: Headcount: Give Me Liberty
    If you are talking about 25% reduction, the number of the lay-off will be around 700. It is far more than total number of the K2 related people (about 150), which means more products will be affected. Any idea about when it is going to happen?
    fundamental_guy
    fundamental_guy
    12/5/2012 | 12:20:28 AM
    re: Headcount: Give Me Liberty
    "CRY AS" has stooped crying and no more tears left just the AS that Ciena is holding with no traction the market - Somehow Ciena does not know how to pick winners !
    manoflalambda
    manoflalambda
    12/5/2012 | 12:20:27 AM
    re: Headcount: Give Me Liberty
    Anyone actually know some facts? (Is it too early to throw out my stock certificate?)

    I heard employee(s) are applying for UI. Perhaps it is the usual cut the worker bees while the execs sew parachutes and peddle IP...

    Salute,
    Manoflalambda
    single mode figure
    single mode figure
    12/5/2012 | 12:20:26 AM
    re: Headcount: Give Me Liberty
    Mahi's has been on the hook for a long time, sleeping deeply. After having that huge layoff more than a year ago they Wulster formerly with Corvia renamed brightlink, that became brightblink.

    I know that the cross connect brightlink developed sat in a garage where nobody would pay the freight...a reverse startup, you land up in a garage...
    gea
    gea
    12/5/2012 | 12:20:18 AM
    re: Headcount: Give Me Liberty
    Last night I was told that everybody but a secretary and a couple of the upper level managers are gone. I was also told that the $10M did't come through (and that would seem to be an awfully large amount to take into hibernation).

    So as of now, I believe Jedai is dead, and this article based on old news.
    single mode figure
    single mode figure
    12/5/2012 | 12:20:16 AM
    re: Headcount: Give Me Liberty
    That's nice that you signed in as me, nice trick, tricks i don't do, you seem good at this, whoever signed in as me.
    xyz
    xyz
    12/5/2012 | 12:20:13 AM
    re: Headcount: Give Me Liberty
    Last night I was told that everybody but a secretary and a couple of the upper level managers are gone. I was also told that the $10M did't come through (and that would seem to be an awfully large amount to take into hibernation).

    So as of now, I believe Jedai is dead, and this article based on old news.

    Thanks for the update Gea - but does this mean the CEO LIED to Lightreading ????

    Soup
    Soup
    12/5/2012 | 12:20:11 AM
    re: Headcount: Give Me Liberty
    Whomever signed in as someone else should be both exposed by actual name and then permanently blocked from all access to this message board. Such a person is as much a vile coward as is any terrorist. LR editors, if you have any salt, then you should do this immediately. This is an identity crime, something the feds prosecute.
    Page 1 / 3   >   >>
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