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Last updated at: (Beijing Time) Thursday, April 04, 2002

WorldCom to Cut 3,700 Jobs as Revenue Growth Weakens

WorldCom Inc., the second-largest long distance company after AT&T in U.S., announced Wednesday that it would cut 3,700 jobs, or 6 percent of its work force in the United States, in an effort to reduce its costs in response to slower revenue growth.


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WorldCom Inc., the second-largest long distance company after AT&T in U.S., announced Wednesday that it would cut 3,700 jobs, or 6 percent of its work force in the United States, in an effort to reduce its costs in response to slower revenue growth.

The job cuts will take place only at the company's American operations in the WorldCom Group, its data-services unit, but they will account for 4 percent of the company's total employees worldwide. Today's cutbacks would not affect the MCI Group, which is the company's long-distance consumer phone business.

Officials of the Clinton, Miss.-based company said that the job cuts would be spread across the organization and that employees would receive a severance package that is based on the number of years they have worked at the company.

WorldCom was widely expected to reduce its work force, perhaps as much as by 7,000 employees. The company has experienced a significant slowdown in sales as a result of weakness in the telecommunications market. Adding to WorldCom's problems, it is currently under investigation by the Securities and Exchange Commission.




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