More layoffs at WorldCom

[kalian]

http://www.msnbc.msn.com/id/3977456/

WorldCom Inc. is planning to lay off an additional 1,700 employees, about 3 percent of its workforce, during the next two weeks, sources confirmed yesterday.

The layoffs will happen just weeks before the Ashburn-based telecommunications company is expected to emerge from bankruptcy protection.

It was not clear yesterday how the workforce reduction would affect employees in the Washington area. One source said the reductions are likely to be distributed throughout several divisions in the company's U.S. operations. WorldCom currently has 55,000 workers, about 4,000 of whom work in this area, mostly in Ashburn.

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1700 more people....

[jmcgowanjm]

1. full recovery mode-quip from overpaid economist Friday