Verizon Wireless is reorganizing its call centers and closing some facilities, meaning 3,000 workers will need to either apply for different jobs, relocate or take a buyout package. An additional 2,200 workers are being shifted to locations nearby the ones that are being closed.
Sprint said it will book a $165 million charge in the fourth quarter related to job cuts, but did not reveal how many employees it plans to cut as part of a restructuring.
Orange-controlled group Telekomunikacja Polska SA (TPSA) said it plans to cut up to 2,950 employees in Poland by 2015 through voluntary redundancies, as part of plans to cut the company's headcount to around 15,000 people by 2016 in order to meet the challenges of a tough competitive environment.
Chip giant Qualcomm is planning a small number of layoffs, but the precise number is not known, according to a GigaOM report.
Alcatel-Lucent reported a narrower loss for the third quarter amid rising revenue. The results indicate that the vendor's massive new cost-cutting plan is starting to take hold as it tries to nurse itself back to health as a smaller company.
Chipset maker Broadcom said it had initiated a global restructuring plan to cut expenses and "better align its resources to areas of strategic focus." As a result, the company said it will cut up to 1,150 employees (some of whom originated from its recent acquisition of LTE assets from affiliates of Renesas Electronics).
U.S. wireless carriers are expected to spend well over $20 billion on wireless capital expenditures in 2013 alone as they continue their LTE deployments and modernize their networks. Money is sloshing through the economy as a result of that spending, trickling down to vendors, handset makers and other ecosystem partners. However, that does not mean that all is healthy in the wireless economy.
Alcatel-Lucent CEO Michel Combes warned that the company is facing a dire situation and that its recently announced job cuts and restructuring moves are necessary to keep the vendor afloat.
Alcatel-Lucent's plan to cut 10,000 jobs worldwide has met with strong resistance in France, where the telecoms equipment manufacturer plans to cut 900 jobs and close or sell up to five sites.
Alcatel-Lucent confirmed it will cut 10,000 jobs as part of its "Shift" reorganization plan aimed at slimming down the company as it seeks to become more of a specialist focused on IP networking, LTE and small cells and move away from investing in legacy technologies.