Updated: 4/11/2003; 10:20:28 AM.
economy
Economic stories of interest.
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Thursday, June 06, 2002
WorldCom eyes more layoffs, up to 20 percent of workforce could go

"WorldCom Inc. plans another round of job cuts - possibly as many as 16,000, or about 20 percent of its global work force, a company official familiar with the situation said Wednesday."

"The layoffs would be the second round this year for WorldCom, which is facing $30 billion in debt. In April, the Clinton-based company said it was eliminating 3,700 U.S. jobs to better align costs with projected revenue. Those cuts were limited to WorldCom Group, which includes the high- growth data, Internet and international businesses."



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