Allied Riser Slashes Workforce

DALLAS, May 23 -- Allied Riser Communications Corp., an installer of fiber optic networks in office buildings, said it has cut its workforce by 117 employees, or about 23 percent, to trim costs. The company said the cuts include an unspecified number of losses from attrition since February 15, 2001. Shares of Allied Riser closed at $1.03, down 5 cents on the Nasdaq exchange. The shares have ranged as high as $18.38 and as low as 60 cents in the past year.





LATEST NEWS

• Liquid Crystal Lens Filters out Light that Causes Seizures
  Nov 26, 2024
• Solar Lasers Could Power Future Space Missions
  Nov 26, 2024
• Optimax Names Joseph Spilman CEO
  Nov 25, 2024
• Shape of a Single Photon Revealed with New Theory
  Nov 25, 2024
• Optogenetics Technique Could Replace Surgical Treatments for Seizures
  Nov 25, 2024
• HOLOEYE Partners with Fraunhofer IPMS on Microdisplay
  Nov 22, 2024
• PI Expands German Production Site: Week in Brief: 11/22/24
  Nov 22, 2024
• Lightsynq Emerges from Stealth with $18M Series A
  Nov 21, 2024