Tellabs Cuts Work Force by 1,000
Tellabs announced on Friday that it is laying off 1,000 people worldwide and closing two facilities in the United States.Tellabs today announced that it is laying off 1,000 people worldwide and closing two facilities in the United States. Citing the continuing doldrums in spending by communications carriers, Tellabs said it will close its manufacturing facility in Round Rock, Texas, and a research and development facility in Plymouth, Minn., and that overall 800 employees in the United States will be released.
This is the second round of layoffs for Tellabs this year. In August the company shed 950 employees.