Nortel employees suddenly grew a few extra white hairs today as CEO Zafirovski announced that he will slash 1,900 positions while creating 800 new ones (in less expensive countries like China and India) worldwide as part of his ongoing plan to fix up Nortel's ugly image. Those affected will most likely be in finance and accounting and non-core services related positions.
In addition to white hairs, existing employees better start saving up more in their tin-boxes underneath their...