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Employment

Headcount: Behold! A Wooly Yak!

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.)

    — Phil Harvey, Senior Editor, Light Reading

  • Page 1 / 4   >   >>
    lite-brite 12/5/2012 | 12:16:57 AM
    re: Headcount: Behold! A Wooly Yak! Good find, Mary, dig deep. This is an interesting story, Corning appear to have shafted themselves doubly. Look into the background of the original deal, and into why Corning 'wasn't able' to (or didn't) sell the site as a going concern.
    opticalweenie 12/5/2012 | 12:16:56 AM
    re: Headcount: Behold! A Wooly Yak! Does the wooly yak bear any resemblance
    to BoobyMax? I only ask because the yak
    has a string of poo hanging off his back
    leg. The initials for a bowel movement match those of our favorite poster. Can this be
    a clue from LR?

    Weenie
    rickaty 12/5/2012 | 12:16:55 AM
    re: Headcount: Behold! A Wooly Yak! No message, just a stupid subject line.
    OptixCal 12/5/2012 | 12:16:53 AM
    re: Headcount: Behold! A Wooly Yak! you guys are wierd...
    Soup 12/5/2012 | 12:16:51 AM
    re: Headcount: Behold! A Wooly Yak! How about this for a vision of the telecom market:

    http://koti.mbnet.fi/~soldier/...

    A must-see.

    The question is, Where are we today?

    Soup.
    crapshooter 12/5/2012 | 12:16:50 AM
    re: Headcount: Behold! A Wooly Yak! opticalweenie wrote:

    Does the wooly yak bear any resemblance
    to BoobyMax? I only ask because the yak
    has a string of poo hanging off his back
    leg. The initials for a bowel movement match those of our favorite poster. Can this be
    a clue from LR?

    >>>>>>>>>>>>>>>>>

    How DARE you insult the wooly yak!!!!!!!!
    yomamma 12/5/2012 | 12:16:49 AM
    re: Headcount: Behold! A Wooly Yak!
    like turning a battleship in a harbor.

    OUTSTANDING!!!
    zettabit 12/5/2012 | 12:16:48 AM
    re: Headcount: Behold! A Wooly Yak! This news story is pretty piss poor by most journalistic standards.

    The cuts at Ciena affect ....? Is is just trimming? Are product lines affected? I'd assume LR would cultivate some level of industry contacts that shed light beyond what calling the company PR person or reading a press release would give you.

    And the "future" report on the Corning - BT Exact facilities transaction.... does LR now report on the stories it WILL DO, given the lack of actual content for TODAY's story.

    What's funny is that some LR stories are good, some are just plain useless. Never bothered to check if there is a correlation to who the writer is (nor do I plan to check), but this shows poor editorial control.

    Yawnnnnnn!
    kd2000 12/5/2012 | 12:16:47 AM
    re: Headcount: Behold! A Wooly Yak! http://www.chicagotribune.com/...
    whyiswhy 12/5/2012 | 12:16:47 AM
    re: Headcount: Behold! A Wooly Yak! ...and look for the similar rescue of BKHM as they go into red ink at the end of this year, early next...

    JMHO

    -Why
    Page 1 / 4   >   >>
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