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 ICAP Northern Regional Committee Conducts Microsoft Power BI Workshop In Islamabad Wired May 17, 2026 AI Success in Pakistan: Strategy, Readiness, and the Real Conditions for Adoption Artificial Intelligence May 17, 2026 AI Skills Outpace Traditional Degrees As High Paying Roles Expand In 2026 Global Insights May 16, 2026 Systems Limited And Parkin Win Gold Stevie Award For AI Driven Contact Center Innovation In Dubai Wired May 16, 2026