CLINTON, Miss.—WorldCom Group announced it will cut 3,700 jobs, affecting six percent of WorldCom Group’s work force, or four percent of WorldCom Inc.’s overall work force, but not MCI Group.
The company said the reduction is being taken to better align costs with its projected 2002 revenue guidance, given in February, of mid-single-digit growth.
Earlier this week, in unrelated WorldCom news, a judge for the Southern District of Mississippi dismissed, without prejudice, a lawsuit filed in 2000 by a WorldCom shareholder that raised questions about the company’s accounting practices.
