re: Alcatel-Lucent Job Cull Hits 12,50012,500 won't stand very long. ALALU will end up cutting 20K at least. Then when the dirty work is done, Pat will walk away with a big bag of loot.
re: Alcatel-Lucent Job Cull Hits 12,500What irony, the same day she annouces staff cuts, the last company she so successfully turned around, Kodak announced staff cuts.
What about Pat Russo's seemingly inability to perceive - much less take prepare for and take advantage of - technology and market changes? (digital media in the case of Kodak, and we know the story with Lucent).
re: Alcatel-Lucent Job Cull Hits 12,500What irony, the same day she annouces staff cuts, the last company she so successfully turned around, Kodak announced staff cuts. Someone should do a tally of the number of people that have been put out of work at companies under Pats leadership, probably more than the great depression. Dont stand to close, the radiation could kill you.
re: Alcatel-Lucent Job Cull Hits 12,500Clearly a reaction to a bad quarter, they respond by cutting more jobs over a three year time frame?
If too many employees is the real problem (not bad management), isn't that admitting that they'll have 12 more bad quarters until the problem is fixed?
Obviously it's not the real problem. It's just the only solution they can figure out. So every bad quarter, cut, cut, cut.
Lucent has a history of cutting only workers, not management. This has resulted in a very management heavy structure. I wonder if ALU will be the same?
re: Alcatel-Lucent Job Cull Hits 12,500I wonder if the fact that she has no qualms about massive layoffs played a role in her selection as CEO? Certainly a merger as large as Alca-Lu is going to result in all kinds of redundancies which encourage layoffs, and that is part of the first CEO's job.
Of course, were I still a shareholder, I'd be concerned as to the downside of layoffs -- the continual cycle of layoffs encourages a "cover your behind" mentality, which results in in-fighting and poor internal communication. This has always been a major problem within LU. Based on Pat's history, I'd be worried that the seemingly continual bleeding at LU becomes common at the combined entity.
re: Alcatel-Lucent Job Cull Hits 12,500Russo is the modern day networking equivalent of Marie Antoinette, she when faced with angry mobs in Paris during a bread shortage uttered the now infamous phrase.
This is a natural cycle in the industry. After the cutting, and the resultant slide in innovation we should see the return of small firms introducing needed technology.
It's unfortunate about the human cost in all this, but this is textbook creative destruction in progress.
re: Alcatel-Lucent Job Cull Hits 12,500Under Pat's leadership Lucent lost all credibility. Now she's about to destroy the combined company. You don't have to be a rocket scientist to see the trajectory. How can a board be this irresponsible to allow a failed leader to run a company? Wake up you morons, before it's too late...
re: Alcatel-Lucent Job Cull Hits 12,500The NT UMTS crowd will reign supreme for a while. Then the Lucifers (Lucent Lifers) will move in to help "integrate" them into the LU (sorry ALU) "culture."
re: Alcatel-Lucent Job Cull Hits 12,500Just curious: what is it about the East coast that tolerates (and I mean long term) completely crap management at former industrial icons like Corning, Kodak, Lucent, etc? Old blood, old school, old boy networks? Radon out gassing from brick buildings?
OK, we have some of it here in SV, but CEO-fools seem to be short lived out here. Supply and demand?
optodoofus