Local 3Com staff escape axe

 

3Com is laying off about 220 employees in the United States and Europe, or roughly 12 percent of its workforce.

3Com is laying off about 220 employees in the United States and Europe, or roughly 12 percent of its workforce.

However, David Richardson, managing director at 3Com Australia and New Zealand, said the US announcement won't affect anyone in Australia.

"It’s business as usual in Australia," Richardson said.

3Com, a US-based networking company, has notified some 100 employees in the US, 90 employees in the United Kingdom and 30 employees in Ireland that they would be laid off.

The layoffs were paired with a reduction in facility space in Scotland and Ireland. 3Com was also realigning its product teams and cutting back R&D, a statement said.

3Com said the moves would cost around US$15 million. The company expected to make that good by the second quarter of the 2006 fiscal year.

The vendor reported a loss of US$49 million for its fiscal second quarter of the 2005 year, ending 26 November.


 
 
 
Top Stories
Content, cost & constant innovation: How Foxtel plans to take on Netflix
Nell Payne inhabits the “brave new world of blue strings and networking”. Just don't ask her to put a TV screen on your microwave.
 
Sending in the drones
Margins are getting tighter in the industrial services industry, so Transfield Services' Stephen Phillips looks offshore - and to the skies - for the solutions he needs to keep pace.
 
Westpac fires starting pistol on core banking upgrade
St George readies itself for move to Celeriti.
 
 
Sign up to receive iTnews email bulletins
   FOLLOW US...
Latest Comments
Polls
Should Optus make a bid for iiNet?

   |   View results
Yes
  44%
 
No
  56%
TOTAL VOTES: 524

Vote