layoffs

  • As Nokia Completes Scalado Buy, Another ex-Nokia Spinoff Emerges: Oulutalent

    As Nokia Completes Scalado Buy, Another ex-Nokia Spinoff Emerges: Oulutalent

    Today Nokia announced that its deal to buy imaging company Scalado has been finalized — a sign of another piece of the puzzle falling into place for Nokia as it continues to restructure to reverse huge declines in handset sales. But that dark, Finnish cloud has a silver lining that we’ve been noticing: the emergence of a bunch of startups being formed by many among the 40,000… Read More

  • HP: 27,000 Job Cuts To Save Up To $3.5B By 2014, Q2 Sales Down 3% To $30.7B

    HP: 27,000 Job Cuts To Save Up To $3.5B By 2014, Q2 Sales Down 3% To $30.7B

    A mixed bag of news for HP today: it has posted Q2 sales that have just edged out analyst expectations, but it has also confirmed 27,000 job cuts that should save the company between $3 billion and $3.5 billion by 2014. The company is a tech behemoth: it employs 350,000 people worldwide, before these cuts were announced. This means the cuts are equivalent to about 8 percent of its workforce. Read More

  • Sony Confirms 10,000 Jobs To Go As Part Of Its Big ‘One Sony’ Reorganization

    Sony Confirms 10,000 Jobs To Go As Part Of Its Big ‘One Sony’ Reorganization

    So the reports have proven to be true: Sony has now officially said that it will be reducing its headcount by 10,000 people worldwide, some six percent of its workforce, as the struggling electronics giant reorganizes under new management and its new “One Sony” plan. Sony says the employee reductions will be made over the course of this fiscal year, and will also include some… Read More

  • Lackluster Forecasts, Declining Revenue, And Imminent Layoffs: A Rough Quarter For RIM

    Just because things are expected, doesn’t mean they don’t hurt. This is the case for Research In Motion (RIM), which has been steadily slashing expectations over sales and earnings for the first quarter, released its report today. And it doesn’t look good. Net income for the first quarter was a low $695 million, or $1.33 per diluted share, compared with net income of $934… Read More

  • Mike Jones' Kiss-Off Letter To Laid Off MySpacers: "We Can't Continue On This Journey Together"

    Mike Jones' Kiss-Off Letter To Laid Off MySpacers: "We Can't Continue On This Journey Together"

    Whenever a company lays off 500 people, as MySpace did earlier this week when it gave half its employees walking papers, it generates quite a bit of anger and bitterness. The latest tip in our inbox from a dispirited former employee goes into a details about do-nothing managers who still have their jobs while all their underlings are now unemployed. I won’t repeat the character… Read More

  • Are Those Yahoo Layoffs Starting To Roll Out Today?

    After we reported on rumors that Yahoo plans to cut as much as 20 percent of its workforce a few weeks ago, Yahoo called that number “misleading.” But layoffs do seem to be brewing, judging by the increasing number of tips we’ve been getting. On November 23, one tipster wrote that layoffs would be “officially happening after Thanksgiving but before Xmas 2010.” … Read More

  • Survey Says: Workers Are More Worried About Their Colleagues Being Laid Off Than Themselves

    When it comes to layoffs, the light always seems darker over your co-worker’s cubicle. A new employee confidence survey conducted by Harris Interactive on behalf of company/job review site Glassdoor.com shows that 26 percent of respondents are concerned about being out of work in the next six months. That is up from 21 percent in the last quarter. But when asked about their colleagues… Read More

  • Veoh Lays Off 25 Employees And Shifts Focus Away From Competing With YouTube And Hulu

    In the world of Web video, either you are YouTube or you are in trouble. Today, well-funded video site Veoh laid off 25 people, the company confirmed today. The layoffs were brought on by a restructuring, as the company shifts focus away from its standalone site, says founder and now-reinstated CEO Dmitry Shapiro. Shapiro replaces former CEO Steve Mitgang. With both today’s layoffs… Read More

  • Tech Layoffs Surge to 300,000

    Layoffs in the tech sector are accelerating. It took exactly three weeks for tech layoffs to surge to 300,000, according to our Layoff Tracker. Since late January, when the tracker hit 200,000 layoffs, another 100,000 job eliminations have been announced or completed. In contrast, it took five weeks for layoffs in the tech industry to hit the 200,000 mark, and four months for layoffs to… Read More

  • Panasonic: 15,000 jobs to be eliminated

    Yup, no one can escape the big, bad worldwide recession monster. Panasonic is the latest to join the gloomy ranks of Sony, IBM, and Microsoft with 15,000 layoffs expected. It has something to do with the net loss of $4.3 billion forecasted. Kind of hard to pay folks when there isn’t cash coming in, eh? Read More