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3Com to layoff 10 per cent of workforce

3Com to layoff 10 per cent of workforce

Networking provider 3Com is shedding about 10 per cent of its worldwide workforce to reduce costs amid what it calls a continued weakness for networking equipment.

The layoffs will take place over the next two quarters and primarily affect employees in the US, Europe, the Middle East and Africa. The deepest cuts will be in California.

3Com moved its headquarters from Silicon Valley to Massachusetts last month.

The company had about 3900 employees at the end of its fiscal third quarter in February, according to a 3Com representative.

The layoffs come, in part, as a result of the close of the sale of the company's CommWorks carrier equipment business in May to UTStarcom.

3Com president and chief operating officer, Bruce Claflin, said the company would function as a single operating unit, enabling it to set a more competitive cost structure.

Despite the cuts, the company said it would continue to increase sales, marketing and customer service capabilities by adding account executives and consultants to support enterprise customers.

3Com also said that it planned to broaden its channel partnerships, particularly through its joint venture with Huawei Technologies.


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