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3Com To Cut Workforce By 13%

By BridgeNews 3Com Corp. said it will reduce its workforce by about 1,200 people, or 13% of its personnel. This will include full-time regular employees and the alternative workforce. The company attributes the reduction to the economic downturn and turmoil in the telecommunications industry. 3com said it will continue to focus on cost effectiveness and efficiency within its operations, as well as all four areas outlined in its restructuring plan: employment, discretionary costs, product costs, and savings in plant/property and equipment. 3Com, based in Santa Clara, Calif., makes networking equipment for the consumer, commercial, and carrier markets. The company posted $4.3 billion in sales for fiscal-year 2000, which ended in May.

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