MCI WorldCom May Cut 3,750 Jobs
NEW YORK (AP) _ The recently formed MCI WorldCom Inc. plans to slash up to 3,750 jobs from its payroll in an effort to cut billions of dollars in expenses, The Wall Street Journal reported today.
The report comes nearly three months after WorldCom merged with MCI in a $37 billion deal. MCI WorldCom, based in Jackson, Miss., employs 75,000.
Jamie Depeau, the MCI WorldCom spokeswoman based in Washington, would not confirm or deny the report on job cuts.
``From the time we announced the merger we said we would undertake a careful review of the merged organization to determine where duplication exists,″ she said. ``We are involved in that review. It’s simply premature to comment where we are.″
She would not say where cuts may come. ``All areas are being reviewed,″ she said.
She said in the long run jobs should be created. ``Both of our companies have a history of growing jobs,″ she said.
In shedding workers, Bernard Ebbers, the company’s chief executive, would be keeping good on his promise to reduce expenses sooner, the Journal said.
The company has said it would cut spending by $2.5 billion. Company executives told the newspaper that most of the savings would be achieved by combining the networks of MCI and WorldCom.