news

Sonus Slashes 40 More Jobs

A month after chopping 50 jobs, Sonus Networks Inc. (SONS) is cutting 40 more.

The VoIP equipment maker’s shares closed down more than 9 percent at $1.40 on Wednesday; the news was announced late Tuesday.

Sonus expects to pay up to $850,000 in severance costs, but said it will save about $5 million annually because of the reductions.


Leave a comment

Your email address will not be published. Required fields are marked *

Polls

Is your business ready for the EU's GDPR to go into effect on May 25?

View Results

Loading ... Loading ...
The ID is: 77681