CLINTON, Miss., April 3, 2002 - WorldCom group (NASDAQ: WCOM) today announced that it is reducing 3,700 of its U.S.-based staff positions - six (6) percent of WorldCom group's workforce or four (4) percent of WorldCom, Inc.'s overall workforce. The MCI group is not affected by this reduction. The Company said the reduction is being taken to better align its costs with its projected 2002 revenue guidance of mid-single digit growth - guidance given in February 2002.
WorldCom said the reduction is being realized across the organization and all affected employees will receive a severance package relative to their duration of service with the Company.
ABOUT WORLDCOM GROUP
WorldCom group (NASDAQ: WCOM), an operating unit of WorldCom, Inc., is a pre-eminent global communications provider for the digital generation, operating in more than 65 countries with annualized revenues exceeding $21 billion. With one of the most expansive, wholly-owned IP networks in the world, WorldCom provides innovative data and Internet services for businesses to communicate in today's market. For more information, go to http://www.worldcom.com.
| Area: | Global |
| Name: | News Bureau |
| Role: | Media Relations |
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