Alcatel-Lucent cuts jobs as it posts loss

Maybe the Alcatel SA-Lucent Technologies Inc. deal wasn't such a wise move after all as the combined company continues to lose money for another quarter and another 4,000 jobs are cut.

One of the departed at Alcatel-Lucent is CFO Jean-Pascal Beaufret, who is "pursuing other opportunities." The continued loses suggest CEO Patricia Russo could join the 4,000 soon. — Matthew Wurtzel

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