job cuts

  • M&A
    Confirmed: Verizon will cut ~15% of AOL-Yahoo staff after merger closes

    Confirmed: Verizon will cut ~15% of AOL-Yahoo staff after merger closes

    The proportion of jobs being made redundant across AOL and Yahoo is around 15 percent globally, we have confirmed with our sources. This shakes out to as many as 2,100 jobs being lost as part of the corporate merger. Read More

  • Intel announces it’s slashing 12,000 jobs

    Intel announces it’s slashing 12,000 jobs

    Intel just announced it was slashing its workforce by 11 percent, calling it in all its corporate press-speak glory “a restructuring to accelerate its transformation.” Sure. What it means in real human terms is that 12,000 people will be losing their jobs worldwide, and that is never a good thing to hear. 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

  • Microsoft Flight Simulator developers hit particularly hard by job cuts

    The Microsoft-owned developers responsible for the Microsoft Flight Simulator series (and the upcoming Microsoft Train Simulator) have been hit pretty hard by all those job cuts. The worst reports suggest that everyone in connection with Flight Simulator was let go. Yikes. Read More

  • Microsoft cutting 1,400 jobs

    Microsoft is cutting up to 5,000 jobs in the next 18 months starting with 1,400 today. Cuts will happen in R&D, marketing, sales, finance, legal, HR, and IT – presumably all in back office staff and no cuts in any of the real revenue bringers. Read More

  • Sony Ericsson workers face 2,000 job cuts

    Mobile phone maker Sony Ericsson has announced they will be letting 2,000 workers go, as they try to regain market share. The company reported an operating loss of $3.1 million dollars for the second quarter as compared to a profit of almost $500 million a year ago. The company hopes to ride out the current credit crunch by cutting operating costs up to $600 million a year. In June the company… Read More