10 More Crushing 2012 Tech Industry Layoffs

Email this CRN article


CEO: Richard McBee

Mitel mounted a major channel overhaul and a sizable turnaround effort following the appointment of Richard McBee as CEO in 2011. There are plenty of signs that things are much-improved, but at the same time, it'll still be a bit before Mitel realizes those improvements on its balance sheet. In August, Mitel cut guidance by more than $10 million in revenue for its July quarter and also said it would cut 200 full-time employees and close facilities.

Mitel previously cut about 20 percent of its overall workforce in 2010, following its disappointing initial public offering.

Email this CRN article

Get the latest channel news to your inbox every morning with the CRN Daily newsletter.