Tellabs Downsizes

Tellabs recently announced a restructuring that will eliminate 530 workers worldwide. Tellabs is an international company headquartered in Naperville.

This was their second downsize in the last six months. The reductions come after the company posted a 22% drop in revenue last year.

Some of the layoffs will be in the Naperville office, but officials wouldn’t say how many.

As a part of the restructure, Tellabs will also close their research and development facilities in California, British Columbia, India, and Pakistan.

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Virtual FUNdraiser on Thursday, October 22 at 7 PM.

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