Search
Menu
PI Physik Instrumente - Fast Steering LB LW 11/24

ONI Systems Cutting Workforce 16 Percent

Facebook X LinkedIn Email
SAN JOSE, Calif., Oct. 17 -- ONI Systems Corp. has cut its workforce by about 16 percent as part of its plan to cut expenses due to the downturn in capital spending in the telecommunications sector. The optical communications gear maker in September slashed its revenue outlook for the rest of the year and said it would record charges in the third and fourth quarters to resize its business and reduce expenses.
Zurich Instruments AG - Challenge Us 10/24 MR

Published: October 2001
CommunicationsNews & Features

We use cookies to improve user experience and analyze our website traffic as stated in our Privacy Policy. By using this website, you agree to the use of cookies unless you have disabled them.