layoffs
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Sources: Cisco planning 15 percent cost reduction this month
Sources are telling TechCrunch that Cisco is planning a significant cost reduction this week, which could involve budget cuts and layoffs. We’ve been hearing that the reductions will be announced on August 17th or 18th and that they will be a part of a push to cut costs by 15 percent, with managers given some flexibility around how they implement this. “A cost reduction of 15%… Read More
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Microsoft is laying off 1,850 to “streamline” its smartphone business, takes $950M charge
Following last week’s news of Microsoft selling off its feature phone business for $350 million, today Microsoft turned its attention to smartphones: the company announced it would lay off 1,850 staff and take a charge of $950 million, including $200 million in severance payments, as it “streamlines” the business to focus on enterprises and niche areas where it feels it… Read More
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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
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Local deals site LivingSocial lays off 280, over 50% of staff, outsources customer services
More bad news for LivingSocial, the beleaguered commerce platform that competes with the likes of Groupon in offering deals on events and services local to its users. Today, LivingSocial announced that it would lay off 160 employees, and over the next two months, it will shut down its customer services operations in Tucson, AZ, accounting for a further 120 people — bringing the… Read More
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Zenefits Is Laying Off Roughly 250 Employees
Zenefits is laying off around 17 percent of its employees, or 250 people, with the layoffs largely concentrated in the company’s sales division, according to an email sent to the company by CEO David Sacks. “When I became CEO of Zenefits, I promised on Day 1 to reset our culture, refocus our strategy on serving small businesses, and create a new beginning for success in the… Read More
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Yahoo Is Shuttering Several Digital Magazines
Yahoo today said it is shutting down a huge swath of its digital magazines as it rethinks its digital content strategy. A Yahoo spokesperson said Yahoo Tech was not affected by the changes. According to a memo acquired by Capital New York, Yahoo Tech editor in chief Dan Tynan is leaving the company. Capital New York also reported that Yahoo is shuttering its tech vertical and moving some of… Read More
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Yahoo Downsizes In Latin America, Closes Mexico And Argentina Operations
Ahead of its Q4 earnings and a bigger restructuring on the cards, Yahoo is downsizing in its regional operations, specifically in Latin America. TechCrunch has learned and confirmed that Yahoo has closed its offices in Mexico City and Buenos Aires, Argentina. It’s not pulling out of Latin America altogether: the company is keeping teams in Sao Paulo, Brazil and Coral Gables… Read More
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VMware Confirms Layoffs In Earnings Statement As It Prepares For Dell Acquisition
VMware confirmed that it was laying off 800 employees today as part of its fourth quarter earnings statement. The layoffs had been originally reported by Fortune last week. The move appears to be part of the ongoing dance among EMC federated companies prior to the Dell acquisition expected to go through later this year. Dell announced it was buying EMC in October for $67 billion. EMC owns… Read More
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Unicorns And Little Ponies Hit The Slaughterhouse As Maker Media Lays Off 17
Stables full of startups are being turned into glue, whether they’re mythical beasts, donkeys in party hats, or just baby horses. The latest forced to do layoffs is Maker Media, the champion of the do-it-yourself movement. 10 years and $10 million later, multiple sources tell me that Maker Media laid off 20% of its staff today. When asked, Maker Media confirmed to me that 17 people… Read More
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Analytics Startup Mixpanel Lays Off 18 Employees
Mixpanel laid off 18 people yesterday, representing less than 10 percent of its 230-plus person team. “This is obviously a deeply tough decision,” said CEO Suhail Doshi. “By no means do we intend to hire people only to let them go … We’re very sorry that it happened.” Many other startups are also cutting costs by cutting their headcount. The news was… Read More
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Layoffs Hit Dinner Lab As Company Shifts To Contract Model For Event Staffers
Dinner Lab is laying off around 30 employees from their full-time positions as it shifts to a contract-based model for its events staff, the company confirmed to TechCrunch. Most of those layoffs consisted of on-the-ground events execution staff. The crux of the issue was that these events staffers were being paid as full-time employees, which CEO Brian Bordainick said was not that sustainable… Read More
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AOL Lays Off Another 100, Two-Thirds In Its Dial-Up/Membership Division
Six months into its acquisition by Verizon for $4.4 billion, AOL is doing some trimming of its workforce. TechCrunch has learned, and confirmed, that AOL has laid off around 100 employees, as it looks to eliminate overlap with its new owner and decentralize some functions. “The market changes and we at AOL change ahead of the market,” Caroline Campbell, AOL’s SVP of of Brand… Read More
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Microsoft Lays Off 60 On Its HoloLens Team In Israel As It Shifts Development To The U.S.
Microsoft has yet to ship its first HoloLens holographic imaging device, but it is moving swiftly on to the next generation of development nonetheless. TechCrunch has confirmed that Microsoft has dismissed 60 people in Israel who work on the HoloLens — 30 full-time staff and 30 contractors. The plan is to wind down work on its VR headset and platform in the country… Read More
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Jawbone Lays Off 60, 15% Of Staff Globally, Closes NY Office
Some difficult news this week for Jawbone, maker of fitness trackers, speakers and Bluetooth headsets. TechCrunch has learned and confirmed that the company yesterday laid off around 60 employees, or 15% of staff. It’s a global round of layoffs affecting all areas of the business; and as part of it Jawbone is also closing down its New York office (which was concentrated on… Read More
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HotelTonight Cuts 20 Percent Of Its Workforce
HotelTonight CEO Sam Shank (pictured above) said the hotel booking startup laid off 37 employees today, 20 percent of its total workforce. Shank described the cuts as “a strategic movement that will enable us to reach our growth and revenue targets” and said they will result in “a more streamlined and focused company.” At the same time, he was quick to add, “This… Read More
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Angry Birds’ Rovio Cuts 213 Jobs, Axes Learning To Refocus On Games And Video
After announcing in August that it would cut up to 260 jobs, Rovio — maker of the Angry Birds games — today released details of the final number: the Finland-based company is letting go of 213 employees, around 25% of staff, as it continues to restructure and cut away unprofitable parts of its business. The whole of the company is being affected, with the exception of those working… Read More
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Gilt Groupe Cuts 45 Jobs Amid A Quest For Profit, CMO And International Head Exit
Some downsizing is on the cards for Gilt Groupe, the fashion flash-sales site that has been valued at $1.1 billion. TechCrunch has learned that the company is cutting 45 jobs as it tries to turn profitable by next year. Among those leaving the company are CMO Clay Cowan and head of international business Marshall Porter, with the roles disappearing with them. TechCrunch first heard of… Read More
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Confirmed: Sony Mobile Cuts 1,000 Workers In Sweden As Handset Maker Restructures
The shakeout among less successful mobile handset makers continues apace. Sony Mobile is cutting 1,000 jobs in Sweden, one of the company’s key manufacturing and R&D centers, as part of a larger restructuring to push the struggling handset maker into profitability. The news, first reported by Swedish local publication 8till5, was confirmed to us directly in a statement (see below). Read More
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Sources Say IBM Planning On Laying Off 12,000 Over Next Year
Rumors have been swirling — and IBM’s stock has been rising — on reports that the company is planning a huge round of layoffs of up to 26% of its workforce, or 118,000 people. TechCrunch has been digging and has found out from two separate sources that there will in fact be job cuts, but not anywhere close to this magnitude. Multiple sources tell TechCrunch the 118,000… Read More
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Aol Is Restructuring, Layoffs And Site Closures Likely
Aol, owner of TechCrunch, is gearing up for some housekeeping. TechCrunch has learned that the company is preparing to lay off staff and close or fold up underperforming titles as part of a bigger restructuring, aimed at simplifying the company around ad tech, stronger content operations and video. Or, as one source put it to TechCrunch, “stopping things that are not moving the needle… Read More
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