Industry Analyst Jeff Kagan on Alcatel-Lucent Cutting 10,000 More Jobs
October 08, 2013 --
Atlanta, GA (PRWEB) October 08, 2013
Alcatel-Lucent is cutting 10,000 more workers in a continued effort to rebuild, according to the Associated Press in USA Today, Oct 8.
Tech analyst Jeff Kagan offers comment.
Alcatel Lucent has been trying to reinvent itself and start to grow, countless times over many years. Now under a new CEO they are trying once again. Will they be successful this time? All I can say is I hope so. However based on past efforts, we will have to see success to believe it, says Principal analyst Jeff Kagan.
CEO Michael Combes took over in April. Can he do what others have faild to do? Yes he can. Of course he can. Will he is the real question. That I cannot yet answer, says Telecom analyst Kagan.
Starting a long recovery would be good not only for Alcatel-Lucent, but for the workers, investors, customers and partners. However I have to say, to date I have not seen much sign of good news. Not yet anyway. The good news is the patient is not dead. However it is still lying in a hospital bed trying for a miracle cure. So far nothing, says Kagan.
Alcatel-Lucent has struggled ever since Alcatel acquired Lucent in 2006. Lucent was doing strong business through the 1990s until the industry meltdown occurred around the turn of the century. Then it struggled for survival, along with countless others. Alcatel was a strong company who acquired Lucent in 2006 hoping for growth. They are still waiting, says Kagan.
The question is simple. Is the problem Alcatel-Lucent, or is it larger like the entire industry? The answer is more complex. Both. The industry has been transforming itself over the last decade or longer, and it is very difficult for a winner in yesterdays world to change and stay a winner in todays world. Things are certainly different, says Kagan.
Can Alcatel-Lucent stop the losses, and turn the ship around. The answer is yes, of course it can. Will it is the real question. The answer is I hope so. All we can do at this point is watch and hope, says Kagan.
About Jeff Kagan
Jeff Kagan is a Technology Industry Analyst, consultant and columnist who is regularly quoted by the media over 25 years.
He offers comment to reporters and journalists on wireless, telecom, Internet, cable television, IPTV and other tech news stories.
Kagan is also known as a Tech Analyst, Wireless Analyst, Telecom Analyst and Principal Analyst.
Reporters: Jeff Kagan sends comments by email to reporters and the media. If you would like to be added to this email list please send request by email.
Clients: Contact Kagan to discuss becoming a client. He has worked with many companies as consulting clients over 25 years.
Contact: Jeff Kagan by email at jeff(at)jeffKAGAN(dot)com or by phone at 770-579-5810.
Visit his website: at jeffKAGAN.com to learn more and for disclosures.
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