There may not have been that many jobs created last month (see Headcount: Job Makers, Deal Breakers), but at least the layoffs weren't nearly as severe in the telecom biz as they have been in the past.
The outplacement firm Challenger Gray & Christmas Inc. (CG&C), which tracks announced corporate layoffs, says telecom companies laid off 8,740 people in December 2003. That's down about 30 percent from the 12,590 that were laid off during December 2002.
Layoffs in the telecom biz only accounted for 9 percent of all announced corporate layoffs in Dec. 2003. In December 2002, telecom layoffs made up 13 percent of all layoffs, CG&C says.
Enough of that Christmasy data for now. Let's take a moment and review some of the most interesting hirings and firings of the last few days:
There was no joy in Naperville last week as Ed Kennedy, president of North America for Tellabs Inc. (Nasdaq: TLAB; Frankfurt: BTLA), resigned and withdrew his name from Tellabs' CEO search (see No Naperville for Kennedy). Kennedy did so because he didn't want to move, a sentiment that reminds Headcount of one reason Global Crossing Holdings Ltd. was once headquartered in Bermuda.
Ceterus Networks has made a little salary cap room for its new CEO, Dave Stehlin, according to sources close to the company. The company has cut seven folks in the past week or so -- including two hardware engineers, two operations folks, and a marketing VP, the sources say. There are about 53 still at the startup, which makes transport systems for metro networks. None of those employees has been asked to move to Naperville, Ill.
La guillotine is working overtime at France Telecom SA (NYSE: FTE). The carrier will chop 14,500 jobs, about 7 percent of its workforce, in 2004 (see France Telecom Cuts 7% of Staff). Some 8,800 staff will be cut in France, and most of the remaining cuts will come from France Telecom's Poland subsidiary.
Independent carrier Valor Telecom cut 27 of its more than 1,500 employees on Friday, the company says. Most of the cuts came from Valor's Irving, Texas, headquarters.