Nortel reports loss, plans layoffs Archives Published: November 11, 2008 Reading time: Less than 1 min. FacebookXWhatsAppLinkedinEmail Nortel Monday reported a net loss of US$3.4 billion for the third quarter, and also announced plans to cut 1,300 jobs in a bid to lower costs. FacebookXWhatsAppLinkedinEmail Related articles Security Research Reveals Critical Unitree G1 EDU Root RCE Vulnerabilities Risk & Resilience August 28, 2026 TMC Leadership Engages Employees During Karachi Kaafi With MD Session Wired August 28, 2026 ServiceNow Releases Fixes For Four AI Platform Security Vulnerabilities Risk & Resilience August 28, 2026 HOOKEDGE Backdoor Campaign Linked To APT28 Targets European Government Networks Risk & Resilience August 28, 2026