• 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 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

  • AOL axing 700 employees

    AOL will cut its work force by 10 percent today, laying off approximately 700 employees, as a result of the struggling economy and a decrease in advertising revenue, we’ve confirmed with the company. AOL has 7,000 employees worldwide. The cuts have been added to our Layoff Tracker. In a company wide memo (reproduced below), AOL CEO Randy Falco said the layoffs will be rolled out over… Read More

  • FIM Trims About 100 Jobs, Mostly At Photobucket And Corporate

    Fox Interactive Media is eliminating more than just free lunches. News Corp’s digital arm is trimming nearly 100 jobs across several business units, including Photobucket, MySpace, Scout Media, Rotten Tomatoes, and corporate. The total comes to a little under 5 percent of FIM’s domestic U.S. workforce, and about 3 percent of its global workforce of 2,900. We have added the amount… Read More

  • Sprint axing 8,000 employees, Philips 6,000

    Talk about a case of the Mondays. Sprint and Philips are the latest to announce layoffs with Sprint cutting 8,000 and Philips 6,000 employees. You know the drone. It’s cause we can’t borrow against our overinflated home’s equity to buy these companies latest crap anymore. We’re too busy dumping all of our cash into organic foodstuff now. The Sprint layoffs are expected… Read More

  • Tech Layoffs Come Back With a Vengeance: 80,000 In January, Approaching 200,000 Total

    After layoff activity in the tech industry quieted down around the holidays, it’s come back with a vengeance in January. According to our Layoff Tracker, 80,076 job eliminations have been announced or completed since the beginning of the year. The total number of tech layoffs since we began tracking in late August is now 195,856. This past week alone, substantial layoffs were announced… Read More

  • As Growth Flattens, Digg Downsizes

    On a day when Microsoft announced 5,000 layoffs, the 7 or so people losing their jobs at Digg may seem like a drop in the bucket. But that represents about about 10 percent of Digg’s 75-person workforce, whereas the 5,000 at Microsoft represents 5 percent. We have added Digg to our Layoff Tracker. This move follows layoffs last October at sister company Revision3, which was also founded… Read More

  • Sad Day For Microsoft: 5,000 Laid Off, Earnings And Revenues Down

    In the midst of declining earnings, Microsoft announced today that it will be laying off up to 5,000 people over the next 18 months, or about five percent of its total workforce. Of that amount, 1,400 are losing their jobs today. Microsoft also says that it will continue to hire and that the net headcount reduction over the next 18 months should amount to between 2,000 and 3,000. The… Read More

  • SEGA cuts about 18% of staff

    Edge is reporting that SEGA has confirmed laying off 30 staff members due to “economic recession, harsh retail landscape, and the reality of business challenges to profitability,” according to a company spokesperson. Read More

  • Plantronics laying off 18% of employees, now!

    Effective immediately, 900 jobs have been cut at Plantronics. That means 19% of employees don’t have to go home but they can’t stay at their cubes. Bluetooth headsets are to blame. It seems that the company fell way short of sales expectations in that category and then there is the whole worldwide money slump we seem to be in. Plus, the Plantronics’ bloggers lounge CES… Read More

  • Motorola lays off 4,000

    New to Motorola’s stable of handsets – the Moto DWNSZR. Motorola has just announced it is cutting 4,000 jobs in its handset division. Read More

  • Tech Layoffs Surge Past 100,000

    After a lull around Thanksgiving, December has seen some of the biggest layoffs in the tech industry yet since the economy entered its tailspin in the fall. Our Layoff Tracker is now past 100,000 lost jobs (109,629, as of this writing) across nearly 300 different technology and media companies both large and small. To put this in perspective, Citigroup alone announced 52,000 layoffs in… Read More