Lucent Plans More Job Cuts, Sources Say

Lucent Technologies Inc. plans more job cuts that could number in the thousands after it completes a voluntary retirement program, sources close to the company said.

“The writing is on the wall and clear that there’s going to be further reductions,” one source said. A second source said the additional job cuts could number several thousand.

Besides the retirement program, the telecommunications company, which employs 104,000 people, already has announced plans to eliminate 10,000 positions as well as efforts to sell units.

Lucent declined to confirm that more layoffs are planned.