Sycamore lays off 46

Telecom network equipment maker Sycamore Networks Inc. said today that it will cut 46 jobs, or 10 percent of its work force, as part of a realignment plan.

The company expects to take related charges of $4 million to $7 million, which will be recorded in the six months ending Oct. 27.

The cuts will be made across multiple areas of the company. After the layoffs, which are expected to be completed by the end of July, the company will have approximately 415 employees worldwide.

Sycamore said it is eliminating the positions in order to focus on growth opportunities, improve operational efficiency, and better capitalize on its acquisitions. (AP)