x
Optical/IP

Headcount: Job Makers, Deal Breakers

The U.S. economic recovery was thrown into doubt last week, thanks to weaker than expected job creation numbers. Analysts had expected 130,000 non-farm jobs to be added in December 2003. The Labor Department reported that 1,000 jobs were created.

One thousand... i.e., one Wal-Mart. Thanks, George.

The experts were only off by about 13,000 percent. Nice one. And, yes, the unemployment number was lower for December, but mainly because more than 300,000 people left the workforce because they retired, won the lottery, found temp work on Michael Jackson's legal team, or just gave the hell up.

And while we're at it: How many companies do massive hiring in December?

Okay, enough rambling. Time for this week's summary of the most recent hirings and firings in the telecom space:

  • Gluon Networks Inc. has finally closed its doors and is looking for someone to buy its intellectual property, according to the Santa Rosa, Calif., Press Democrat. If it seems we've reported Gluon's closure before, let Headcount set you straight. We have reported that the company cut some jobs (see Headcount: Shooting Stars). We have reported that it replaced its CEO shortly after an unfortunate Christmas memo (see Headcount: We're Baaaack! and Headcount: Miller's Oranges). We have reported that it cut jobs (see Headcount: Numbers Games ) and then, after pausing to take a breath, cut more jobs (see Headcount: Viva Lost Wages).

    Now, we're reporting that Gluon is closed. Whew!

    About 60 employees lost their jobs during Gluon's closure. As for the investors, they're probably not dancing in the aisles: Gluon had raised more than $76 million since 1999.

  • Coriolis Networks Inc. confirmed that it cut about 26 out of 80 jobs recently. The company says it was able to make the cuts because it has finished some hardware development and will be doing some increased outsourcing.
  • Luminous Networks Inc. needs a new boss. Its founder, Alex Naqvi, took the role of chairman in December and is now helping the board find someone to replace him as CEO. "The company is as strong as it has been for the last five years," Naqvi tells Headcount.

  • Sources tell Headcount that networking chip maker Crosslayer Networks Inc. is closed. We tried to disprove the rumor by calling the company's main number, but our call was automatically routed to the human resource director's voice mail. Not a good sign, eh? Our call wasn't returned.

  • On January 19, WLAN switching company Aruba Wireless Networks will officially name Don LeBeau as its new CEO. LeBeau was previously the senior VP of worldwide operations at Cisco Systems Inc. (Nasdaq: CSCO). Sound familiar? It should. Our younger, more leggy, sister site, Unstrung, broke the news first, back in November (see Aruba to 'Don' LeBeau?).

  • Ishoni Networks Inc., a chip startup aimed at the VOIP market, has closed, according to a report in the San Jose Mercury News. The company apparently couldn't recover after allegedly having its staff and intellectual property raided by an Indian operation bent on propping up a rival company (see Ishoni Cries Sabotage ). The events leading to Ishoni's demise, first reported in Light Reading, illustrate how outsourcing can sometimes backfire on companies that aren't keeping a close watch on their operations overseas. Ishoni, backed by more than $68 million in funding, was valued as high as $200 million, and employed as many as 170 people, sayeth the Merc.

    And, now, a few more appointments and disappointments from the past few days: That's all for this go-round. Drop us a line if you have a news tip, or, for that matter, a list of ways Headcount can create more jobs. Send your fits and missives to [email protected].

    — Phil Harvey, Senior Editor, Light Reading

  • <<   <   Page 3 / 3
    captain kennedy 12/5/2012 | 2:40:56 AM
    re: Headcount: Job Makers, Deal Breakers re: Actually, this is all Millard Filmore's fault...

    Well maybe so, but without him, Zappa could never have recorded that great live album at the Filmore east ;)
    uno04 12/5/2012 | 2:40:55 AM
    re: Headcount: Job Makers, Deal Breakers >>One must admit that Bush's policy to drop the dollar will stimulate US exports and domestic production, especially given the massive trade defeicit the US has. However the majority of his budgetary and fiscal policy is ideologically driven, and far away from what this country needs to get its workers back to work!

    I think he is plain clueless as to fix the economy and he is surrounded by ideologists!
    DCITDave 12/5/2012 | 2:40:55 AM
    re: Headcount: Job Makers, Deal Breakers re: "So, now we've established that Cramer and Harvey can add "Bush-basher" to their resumes. It's nice to have another clue to help understand why and how LR colors the facts to match their political and socio-economic philosophies.

    Or perhaps the Repubican National Committee refused to buy ads on LR... it's happened before.

    Cogs"

    Yes, we color the facts to match our top secret agenda. And, dang it, you've unraveled the whole dastardly plot single-handedly, all while parading around the Internet pretending to be your wife.

    Calm down, Cogs, you big girl.

    ph

    jackall 12/5/2012 | 2:40:51 AM
    re: Headcount: Job Makers, Deal Breakers
    Man that's just crazy republican talk.

    If it was apparent that Clinton had been soft on
    terror and that it would lead to 9/11 then exactly
    what did Bush do when he got into the WH.

    Nada. 9/11 happened anyway and the Saudi's and the
    Taliban kicked our assess. Imagine how safe we
    would be right now if the same invasion force
    that just kicked Iraqs ass was used to rock the
    Taliban/Al Qaeda. We would have bin laden's nuts on a plate and be a whole lot safer.

    Wake up dude.
    whyiswhy 12/5/2012 | 2:40:43 AM
    re: Headcount: Job Makers, Deal Breakers "Allocating >50% of his tax package to the wealthiest 2% of Americans will do nothing to create jobs."

    Au Contraire!

    It has resulted in huge job growth in both India and China. I think he exceeded his numbers, by a long shot.

    He did say he would create jobs, can you blame him if we assumed it would be jobs for US citizens?

    What? Don't you remember trickle down?

    That's the liquid that melts off the blue ice cube that fell in your lap after Larry's or Carly's jet flew over.

    Or was it AF1?

    -Why
    busted 12/5/2012 | 2:40:34 AM
    re: Headcount: Job Makers, Deal Breakers yes, why don't we:

    Blame Clinton for the bad economy.

    Credit Bush for putting an efficient military force together so quickly, (no way was a democrat working on this for 8 years - he was trying to destroy it, lucky George stepped in and put it back together in a few months).

    Blame Clinton for the CIA intelligence failures and while we are at it why not blame him for the poor intelligence that indicated that Iraq was an immanent threat.

    Party politics suck, period. Don't fall for the hype. Look at policy and records and who is funding your candidate.
    mtd 12/5/2012 | 2:40:34 AM
    re: Headcount: Job Makers, Deal Breakers >> think he is plain clueless as to fix the economy and he is surrounded by ideologists!


    I think you are too kind to say he is clueless. He wanted to line the pockets of his rich friends and is giving it in the form of tax cuts under the context of creating jobs. It is as simple as that.
    rayleighbackskatter 12/5/2012 | 2:30:02 AM
    re: Headcount: Job Makers, Deal Breakers Nonfarm businesses added 112,000 jobs in January. It was the largest gain since December 2000, when companies added 124,000 positions, and was well above the revised 16,000 gain in jobs seen at the end of last year. December's gain had initially been estimated at 1,000 jobs.


    THANKS GEORGE!!!
    <<   <   Page 3 / 3
    HOME
    Sign In
    SEARCH
    CLOSE
    MORE
    CLOSE