WorldCom Firings Loom

By: Associated Press

Updated: Tue 6:00 PM, Jan 14, 2003

WorldCom Incorporated plans to fire some employees as a result of an investigation into the bankrupt company's massive accounting abuses.

CEO Michael D. Capellas promises the company will act with, "an outrageous sense of urgency."

The $9 billion-accounting scandal almost destroyed WorldCom.

Capellas made the announcement Tuesday in an hour-long broadcast to the telecom giant's 60,000 employees. He also outlined what he called a 100-day turnaround plan to emerge from the biggest bankruptcy in U.S. history.

Capellas says WorldCom will file a reorganization plan by April 15.

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