JDS Uniphase on Thursday posted a quarterly net loss of $4.3B as sales plunged by one-third and the fiber-optics equipment maker cut another 2,000 jobs in the face of a collapse in demand for telecommunications equipment. ... Shares of JDS have dropped 42% since the beginning of the year ...

Dropping 2,000 employees is a 20% reduction in staff levels. And yet JDS is still losing buckets of money, even after a $41B writedown last year.

JDS Uniphase Has $4.3 Billion Loss