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This page contains all of the posts and discussion on MemeStreams referencing the following web page: Ciena Sheds One-Fifth of Workforce. You can find discussions on MemeStreams as you surf the web, even if you aren't a MemeStreams member, using the Threads Bookmarklet.

Ciena Sheds One-Fifth of Workforce
by Jeremy at 7:49 am EST, Mar 27, 2002

Ciena Corp. yesterday laid off an additional 650 people, or 22 percent of its workforce, because of dramatically slower sales in the fiber-optics sector. ... Even as the rest of the economy shows signs of recovery, the telecommunications sector remains in shambles. ... Spending is down about 40 percent ... Ciena's main problem ... is its lack of focus. ... "The industry has gone through a precipitous decline that has taken everybody by surprise."


 
 
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