6,000 more staff walk at WorldCom

WorldCom is to shed 6,000 of its workers in the US in a restructuring of its business.

By Ron Coates, 1 March 2001 12:50

NEWS Cuts already announced will come in the company's network operations and sales and marketing division. WorldCom is the second largest long-distance carrier in the US, after AT&T and late last year announced a strategy review and restructuring. All US carriers have suffered as their basic voice and data networks struggle to remain profitable. Part of the restructuring will involve issuing a new class of stock under the name MCI to track the slow moving consumer and wholesale communications operations. WorldCom feels that this will make the strength of its business communications operations more obvious.

Post your comment

In order to post a comment you need to be registered and logged in.

Log in or create your silicon.com account below

Will not be displayed with your comment

By signing up for this service, you indicate that you agree to our Terms and Conditions and have read and understood our Privacy Policy.

Questions about membership? Find the answers in the Membership FAQ