CIENA announced plans to close its offices in San Jose, California eliminating approximately 425 employees, or approximately 25%, of CIENA's current workforce by the end of the fiscal year. All ongoing product development and customer support activities currently based in San Jose will be consolidated on a product group or functional basis with efforts in progress at other CIENA locations. For instance, San Jose-based CoreDirector-related development will be consolidated with CIENA's ongoing CoreDirector development already taking place in Alpharetta, Georgia. and in Linthicum, Maryland.; ONLINE-related development will be consolidated with ONLINE activities underway in Research Triangle Park, North Carolina. CIENA also operates development centers in Acton, Massachusetts and Kanata, Ontario.
CIENA said the action would not impact its planned acquisitions of Catena Networks and Internet Photonics. http://www.ciena.com
- CIENA acquired San Jose-based ONI Systems in June 2002. Its other California-based acquisitions included start-ups Cyras Systems and Lightera Networks.
