Feeds

MCI WorldCom set to axe up to 4000 jobs

Or will CEO Bernie Ebbers keep his word...

  • alert
  • submit to reddit

Internet Security Threat Report 2014

Around 3700 MCI WorldCom employees will be up for grabs to competitors, due to predicted layoffs following the merger. According to telecom and research analysts, WorldCom's $37 million acquisition of MCI will lead to expense cuts and the trimming of duplicate areas in the two companies. The most likely affected areas are network and line costs. WorldCom is also seen as a leaner company, with lower expenses than MCI. MCI WorldCom's CEO, Bernie Ebbers, promised there would be no layoffs as a result of the merger. But Eric Paulak, an analyst at Gartner Group, said Ebbers had trimmed the "fat" or overlap. "Those 4000 synergies Bernie Ebbers talked about -- they are people," he added. The job cuts come as no surprise -- they're part of the customary post-merger fallout. But the telecomms giant stated the review of the merged company was "still ongoing", suggesting further cuts may yet be announced. Those being given the boot may be snapped up by WorldCom's competitors, such as Qwest and Level 3 Communications, both of which are hiring. Paulak said: "Big companies are trimming down, but start-ups are building up." ®

Choosing a cloud hosting partner with confidence

More from The Register

next story
Inequality increasing? BOLLOCKS! You heard me: 'Screw the 1%'
There's morality and then there's economics ...
Google hits back at 'Dear Rupert' over search dominance claims
Choc Factory sniffs: 'We're not pirate-lovers - also, you publish The Sun'
Spies, avert eyes! Tim Berners-Lee demands a UK digital bill of rights
Lobbies tetchy MPs 'to end indiscriminate online surveillance'
While you queued for an iPhone 6, Apple's Cook sold shares worth $35m
Right before the stock took a 3.8% dive amid bent and broken mobe drama
How the FLAC do I tell MP3s from lossless audio?
Can you hear the difference? Can anyone?
4chan outraged by Emma Watson nudie photo leak SCAM
In the immortal words of Shaggy, it wasn't me us ... amirite?
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Intelligent flash storage arrays
Tegile Intelligent Storage Arrays with IntelliFlash helps IT boost storage utilization and effciency while delivering unmatched storage savings and performance.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.