Sonus Cuts Again
The VoIP equipment maker says the layoffs will cause it to incur restructuring charges of about $1.4 million to $1.9 million on a pre-tax basis in the third quarter of fiscal 2009. The company expects to save $9.4 million to $10.3 million as a result of this round of cuts.
This is the latest -- and Sonus says the final -- phase of restructuring the company has endured. Combined, all these staff cuts will save $19.7 million to $21.6 million annually, the company says. (See Sonus Cuts 6%, Sonus Cuts 40 More, and Sonus Restructures.)
Sonus says its restructuring will be completed in the third quarter.
— Phil Harvey, Editor-in-Chief, Light Reading