Sonus Networks Layoffs Job Cut: fires 50 employees

Sonus Networks has decided to go for layoffs - around 50 employees will be fired by the company.

How many employees will be fired by Sonus Networks layoffs?
Around 50 employees will be asked to quit their jobs - this constituests 5% of the employee strength.

What are the primary reasons for the Sonus Networks layoffs
Reasons are to save money and shift its business toward higher-growth areas.

What are the businesses of Sonus Networks?
Sonus, is a service provider to wireline and wireless telecommunications providers.

Any specific locations where Sonus Networks layoffs will take place?
No information is available about the location wise job cut, but since the cuts are being made for cost-cutting, it means that low cost outsourcing centers like Bangalore in India may not see the job cuts. Instead, the news is that there will be hiring in Bangalore, India. So instead of being a layoff, its more of job shifting.
The company expects to take pretax restructuring charges between $850,000 and $950,000 for severance and other costs in the fourth quarter. It expects to save about $5 million to $6 million a year as a result of the cuts.