Wave of Job Cuts Follow Mergers and Downturns.(Industry Overview)(Statistical Data Included)
Multichannel News, January, 2001 by BAUMGARTNER, JEFF
The fallout from several major media mergers -- as well as the dot-com downturn and ad-sales pullbacks -- was felt throughout the cable industry last week, and left an avalanche of pink slips in its wake. More than 3,000 layoffs are slated at AOL Time Warner Inc., MTV Networks, data provider Excite@Home Corp.
and cable-equipment vendor C-COR.net. Lucent Technologies Inc., in a layoff league of its own, announced plans to cut up to 16,000 jobs. And a published report in Business Week said AT&T Broadband is planning to cut some 2,000 of its 53,000 jobs as it gets its books in order prior to spinning off as a separate stock. AT&T spokesmen declined to comment Friday. AOL Time Warner wielded its corporate ax last week and said roughly 2,000...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
