WorldCom Cuts 3,000 More Jobs Across US
JACKSON, Miss. (AP)--WorldCom Inc. (WCOEQ) has laid off 3,000 more employees across the country, mainly from the firm's information technology and operations staff.
WorldCom, whose MCI unit is the No. 2 U.S. long-distance company with 20 million customers, filed the largest bankruptcy in U.S. corporate history in July.
The cuts are part of a plan announced in June to eliminate 17,000 positions, WorldCom officials said. Including the Friday cuts, the company has eliminated about 15,000 of those positions.
"Everybody knew that the layoffs were coming," said Lance Williams, a programmer who lost his job at the company's Clinton headquarters on Friday.
The Securities and Exchange Commission has charged WorldCom with fraud for allegedly misleading investors by misstating and hiding expenses. WorldCom has admitted at least $9 billion in erroneous accounting.