Nortel Layoffs

Telecommunications equipment maker Nortel Networks Corp. yesterday announced a projected loss for the third quarter of $3.6 billion and said it will lay off an additional 10,000 employees. The company also said Chief Financial Officer Frank Dunn will replace John Roth as president and CEO effective Nov. 1.

Recent News and Discussions About Nortel Layoffs

Nortel to lay off another 3200 workers – Computerworld

https://www.computerworld.com/article/2531068/nortel-to-lay-off-another-3-200-workers.html

Nortel to lay off another 3200 workers - Computerworld
Nortel Networks said it will lay off another 3200 workers as it undergoes a restructuring that is part of its Chapter 11 bankruptcy filing.


Nortel: Losses and Layoffs, Eh? – Light Reading

https://www.lightreading.com/nortel-losses-and-layoffs-eh/d/d-id/573570

From its headcount of about 94,500 in December 2000, Nortel’s most recent layoff total indicates that it will have cut some 21 percent of its staff in less …


TIMELINE: Key dates in the history of Nortel – Reuters

https://www.reuters.com/article/us-nortel-chronolgy-sb/timeline-key-dates-in-the-history-of-nortel-idUSTRE56N4NG20090724

Jul 24, 2009 — November 10, 2008 – Nortel announces 1,300 layoffs , a salary freeze and a review of its real estate after posting a $3.4 billion quarterly …


Timeline of Nortel – Wikipedia

https://en.wikipedia.org/wiki/Timeline_of_Nortel

2001-2003: Two-thirds of Nortel’s workforce (60,000 staff) are laid off ; 2001: writedowns of nearly US$16 billion; 2003: temporary return to profitability …


gone: THE LAST DAYS OF NORTEL – The Globe and Mail

https://www.theglobeandmail.com/report-on-business/rob-magazine/gone-the-last-days-of-nortel/article18289676/

Oct 25, 2002 — As of next month, Nortel’s layoff count will climb to 65000 worldwide. Five of the company’s refugees speak out-on what it was like to work …


Layoffs Hit Mitel; Nortel Next? – No Jitter |

https://www.nojitter.com/layoffs-hit-mitel-nortel-next

Mitel laid off an undisclosed number of its workers today, according to president and COO Paul Butcher, and Nortel is widely expected to lay off as many as …


Nortel announces another round of layoffs – EETimes

https://www.eetimes.com/nortel-announces-another-round-of-layoffs/

Nortel Networks continued its drastic downsizing Wednesday as it announced that it will layoff another 2,900 employees and shift 1,000 more to new overseas …


Massive Nortel layoff looms anew | IT World Canada News

Massive Nortel layoff looms anew

Nov 9, 2008 — Nortel is expected to announce significant job cuts when it reports third quarter results on Monday. That would be on top of the 2100 jobs …


Nortel Layoffs – YouTube


Nortel cutting staff – Jan. 11, 2001 – CNN Business

https://money.cnn.com/2001/01/11/technology/nortel/index.htm

Jan 11, 2001 — Clarifying earlier press reports, Nortel Networks Corp., the leading fiber-optic networking equipment, said it plans to lay off about 4000 …


Frequently Asked Questions

When did Nortel Networks go out of business?

Nortel
Type Public
Defunct February 2, 2013
Fate Bankruptcy
Headquarters Ottawa, Ontario , Canada
Number of employees 18 (US, July 2012); ~35 (non-US, July 2012)

What is Nortel called now?

Northern Telecom, now commonly known as Nortel, makes telecommunications gear. Last year it acquired computer-networking company Bay Networks and began branding the combined company as Nortel Networks. Nortel said the new name would reflect its broadened portfolio of telephone and data-networking products.

Did Bell Own Nortel?

In April 1999, the company name was changed from Northern Telecom Ltd. to Nortel Networks Corp. and Bell Canada Enterprise’s (BCE) ownership dropped from 51 per cent to 41 per cent.

Who owns Nortel now?

Nortel/Parent organizations

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