10 More Crushing 2012 Tech Industry Layoffs

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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.

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