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News and comments on community broadband networks, the communities deploying them and the technologies that support them. Published by Denise Frey and Al Bonnyman.

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Index of 2100 previous posts since March 2003

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Wednesday, June 11, 2003

 

"OFS prepares to layoff more of workforce "

"OFS prepares to layoff more of workforce"

"Optical fiber maker OFS said it will carry out another round of downsizing. The company blamed the layoffs on weak demand in the fiber optic cable market."

Article.

By contrast, sources have told me Corning's fiber and cable business were no longer laying off and Corning has publicly announced earlier this year that the company expects to return to profitablility next quarter (due mainly to its' non-fiber businesses such as glass for LCD displays).

I wonder whether these further layoffs at OFS reflect new weakness in fiber cable (I doubt it) or a loss of market share by OFS. Perhaps they just did not do as much drastic job-cutting earlier as Corning did.

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