Fergie's Tech Blog

3Com To Cut 250 Jobs

Jennifer Hagendorf Follett writes on CRN.com:

3Com Wednesday reported a narrowed fourth-quarter loss and unveiled a restructuring plan that will result in 250 job cuts.

The restructuring hits 3Com's Secure, Converged Networking (SCN) operating segment and does not impact the vendor's Huawei-3Com joint venture or its TippingPoint security business, said Scott Murray, president and CEO of 3Com, Marlborough, Mass., during a conference call. Instead, 3Com plans to add headcount to those latter two groups, he said.

The 250 full-time job losses will primarily come in the sales and marketing organizations of 3Com's SCN business, resulting in a reduction of SCN's headcount by about 15 percent.

posted by Fergie @ 6/30/2006 10:07:00 AM