3Com Corp. today announced that it would undergo a reduction of approximately 10 per cent of its global workforce o...
June 12, 2003
3Com Corp. today announced that it would undergo a reduction of approximately 10 per cent of its global workforce over the next two fiscal quarters.
This decision will impact employment in the U.S. and the Europe/Middle East/Africa (EMEA) region. Within the U.S., the largest impact will be in the company’s Santa Clara, Calif. location.
“With the sale of our CommWorks unit, the company will function as a single operating entity, enabling a more competitive cost structure,” said Bruce Claflin, 3Com president and CEO.
“In addition, continued weakness in demand requires we improve the company’s overall cost structure. However, 3Com will continue to do selective hiring for key skills and in areas that directly contribute to our enterprise strategy, such as adding field resources in order to help our distribution partners drive sales of 3Com data and voice networking solutions.”
To sell 3Com’s expanding product line, the company intends to increase its sales, marketing and customer service capabilities. 3Com began this build-up several quarters ago, adding account executives and network consultants to support enterprise customers.