10 More Crushing 2012 Tech Industry Layoffs

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CEO: Ben Verwaayen

The revamping of Alcatel-Lucent continues: The French telecom giant confirmed plans in July to cut 5,000 jobs by the end of next year, representing about 7 percent of its global workforce. Alcatel says the layoffs will come from all of its global operations with the exception of its research and development staff, which includes the fabled Bell Labs. Alcatel-Lucent observers say the employees most at risk are those working on any of Alcatel-Lucent's less-profitable services contracts, which the company itself has said it will look to pare down.

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