Lucent Technologies planning to lay off 10% workforce

Lucent Technologies planning to lay off 10% workforce

US-based Lucent Technologies has announced that they are planning to cut jobs and axe 10% of their workforce.

This announcement came after they announced their decision to merge with rivals Alcatel. However, the company added that the job cuts are not related to this merger.

Lucent India said in a statement on this new development: “Speculation on merger reductions is only speculation at this point. It was indeed earlier announced that an approximate 10 per cent staff reduction would be a result of the new combined entity, if approved. However, no such decisions by specific geography has been made to date.”

They added: “Lucent is conducting operations in India on a business as usual stance and any suggestion that this decision is merger related is completely erroneous. For one thing, the merger proposal does not yet have required approvals (expected within the next 12 months). And in the meantime, before these approvals, it is business as usual and business decisions undertaken are for Lucent India’s best interests.”