Alameda’s UTStarcom cuts 500 jobs

I admit to not having heard of UTStarcom until yesterday. But the Fortune 1000 company (with offices worldwide, including Alameda) appears to be cutting 500 jobs. It is not clear from news reports how many of those layoffs will be local. In case you are curious about UTStarcom, there’s this from the wikipedia:

UTStarcom is a Fortune 1000 company that specializes in IP-based networking products for telecommunications companies and service providers. Its core markets are multimedia communications and broadband, including IP communications and entertainment (IPTV), next generation broadband networks and optical network solutions.