Tellabs to cut 150 more jobs

Network equipment vendor Tellabs is set to make its second round of job cuts this year, planning to slash about 150 jobs off its payroll in the coming months after cutting around 60 jobs earlier this year. The latest cuts represent about 5 percent of the company's total workforce. It appears Tellabs is responding to global economic pressure and overall weaker customer demand, though some reports on the job cuts have noted that Tellabs faces other pressures as a mid-market vendor looking to thrive and survive somewhere between the global mega-vendors and price-driven Asian manufacturers.

For more:
- The Wall Street Journal has this report
- Light Reading has this story

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