Tellabs to eliminate 141 Dallas jobs
Tellabs, a provider of telecommunications equipment for service providers, plans to cut 141 job cuts at the company’s location on North Dallas Parkway in Dallas.
In a letter filed with the Texas Workforce Commission, Dallas-based Tellabs says it’s restructuring the company with the intent of realigning its financial plan with consumer needs and demands. During the evaluation of this realignment, the company says it realized product development and support functions need to be on the same level as current market conditions. To streamline the company, Tellabs has decided to reduce its staff one hour cash loan.
The jobs impacted include engineers, buyers, management-level professionals, project managers and technical support positions.
Tellabs told TWC the official layoffs will begin Dec. 22. About 136 employees will be laid off within the 14-day period beginning Dec. 22. Remaining employees will be terminated within the three-month period stretching to March 31.
Filed under: term by Wolf