Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : WCOM -- Ignore unavailable to you. Want to Upgrade?

To: Anthony Wong who wrote (3552)	12/10/1998 11:59:00 AM
From: Anthony Wong	Read Replies (1) \| Respond to of 11568

Reuters - Thursday December 10, 10:14 am Eastern Time MCI WorldCom to cut up to 3 percent of workforce MCI WorldCom, created by WorldCom Inc.'s acquisition of MCI Communications Corp., previously said it expected to cut $2.5 billion in expenses in 1999. The Jackson, Miss.-based company said it expects to see total cost savings of about $20 billion over five years. The bulk of the savings will be seen as the two companies combine their networks and reduce line costs, the company said. ''While we are cutting costs in areas like the network and line costs, we are executing an aggressive plan to grow the company -- with new products, services,'' DePeau said. As the company expands in the faster-growing segments of the business, over time, we will be a job creator," she said. WorldCom, which has grown through the aggressive acquisition of about 50 companies, became a lean and nimble competitor to industry behemoths such as AT&T Corp. (NYSE:T - news) by keeping costs and expenses at a minimum while still creating jobs. biz.yahoo.com