In its attempt to streamline for profitability, Nortel Networks Corp. has sold parts of its optical components business to a British firm for US$108 million. While the move could see some Canadian employees lose their jobs, it also might help the firm stay focused on its core competencies, according to one industry analyst.
HP layoffs finished by November nHewlett-Packard Co. (HP) continues to believe cutting 15,000 positions is the "appropriate" reduction needed following its acquisition of Compaq Computer Corp.
Hewlett-Packard Co. (HP) continues to believe cutting 15,000 positions is the "appropriate" reduction needed following its acquisition of Compaq Computer Corp.