The Pulitzer Prizes are handed out today and, sadly, Headcount is not among the recipients. Alas, despite our protesting, the committee that decides such things has once again neglected to create a prize for Best Weekly Online Column Covering Telecom Industry Personnel News in Such An Offbeat Way That It Will Sometimes Link to Pictures of a Large Wooly Yak for No Reason Whatsoever.
Ah, well. Maybe next year.
Okay, enough yakking off. It's time to review some of the past week's most interesting hirings and firings and other work-related tidbits:
Ciena Corp. (Nasdaq: CIEN) has confirmed that it cut 75 more employees last week, bringing its total headcount down to less than 2,000. "This is really focused on taking a look at what our business objectives are and rebalancing the company accordingly," says a well balanced Ciena spokesman. As of January 31, 2003, Ciena employed about 2,061 people, down from the 3,193 it reported in January 2001.
LSI Logic Corp. (NYSE: LSI) made some roster cuts in February, according to a recent filing the company made with the Securities and Exchange Commission (SEC). LSI had 5,281 employees as of December 31, 2002, after having cut around 1,150 in January 2002. In February 2003, the chip maker cut another 210 employees in manufacturing operations, research and development, marketing, and sales, the filing states.
Light Reading's Mary Jander unearthed a tidbit we can file under: What Goes Around Comes Around. Corning Inc. (NYSE: GLW) bought a photonics plant in Ipswich, U.K., from BTexact Technologies in 2000 for about $66 million. But on January 24, Corning told the plant's employees that it was shutting the facility down, a move that would chop 51 jobs. Since that announcement, the East of England Development Agency has taken up the task of keeping the plant running with the help of the Department of Trade and Industry (DTI) and -- you guessed it! -- BTExact, the center's original owner. It's not clear how many folks the new center will hire back, but Jander will file a full report on this little game of photonics hot potato as more details become available.
Beijing-based startup United Platform Technologies (UPT) now employs about 200 people, according to board member Chareleson Zheng, who is on the ground in China. (Well, he may not actually be on the ground. He could be sitting behind a desk, for all we know.) Zheng writes that one of the startups UPT has acquired is China's W2Networks Co. Ltd., and it's "near to close two more deals... one in China and one in [the] U.S."
W2Networks makes broadband access gear for residences and multitenant dwelling units (MTUs) -- a lawyerly way of saying, "apartments, retirement homes, and similar buildings." The company has already been through extensive trials and lab testing with a China Netcom Corp. Ltd. subsidiary.
Multiservice processor maker Brecis Communications has cut its staff from over 70 employees to somewhere "in the low 60s," according to CEO George Alexy. Brecis, whose customers include Yamaha, Netgear Inc., and LM Ericsson (Nasdaq: ERICY), says its revenues are still growing. "It's not for a lack of revenues that we took those actions," Alexy says.
Here's a summary of other industry appointments, disappointments, and other employment news items from the past several days:
That's all we have for now. Got any employment-related tips for Headcount? If so, send 'em to [email protected] and we'll reward you handsomely with a crisp, unworn Light Reading T-shirt. (For previously worn shirts, please send $10. Shirts come in Small, Medium, and Wooly Yak.)