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.
Sprint indicated it will axe the vast majority of its remaining former Clearwire employees, though the carrier didn't release the precise number of job cuts. The cuts come after Sprint took control of partner Clearwire in July.
Former BlackBerry co-CEO Mike Lazaridis is considering mounting a bid to take the company private in conjunction with several private equity firms, according to multiple reports. The reports come on the heels of BlackBerry's disclosure on Friday that it will cut 4,500 jobs--around 40 percent of its workforce--and post a nearly $1 billion loss for its most recent quarter, mainly due to unsold BlackBerry 10 smartphone inventory.