Cause and Effect, Profit and Loss

Tellabs' CEO Discusses Q2 2011 Results - Earnings Call Transcript - Seeking Alpha: "As part of this effort, we will reduce overall headcount by 330 employees or about 10% of our workforce. We plan to add headcount in low-cost geographies, and I expect our net headcount to come down about by 200 over the next 4 quarters. In connection with these cost reduction efforts, we expect to take $23 million in restructuring charges, of which we expect about $19 million will be taken in 3Q."

Tellabs shares jump on cost-cutting hopes - Yahoo! Finance: "Shares of Tellabs Inc. rose 11 percent Tuesday after the telecommunications equipment maker said it plans to cut 330 jobs to slash $50 million from its expenses.

The announcement came along with Tellabs' second-quarter report, in which it swung to a second-quarter loss that, excluding special items, narrowly beat analyst expectations."