layoffs
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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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Sources: Good Technology Axes More Than 100 Jobs
According to multiple sources, Good Technology, a company that sells mobile device management services, has laid off more than 100, and perhaps as many as 140 of its staff. According to LinkedIn, the company has more than 1,000 employees, making it a significant reduction to its workforce, if the rumor is correct. Good Technology filed for a $100 million IPO in May of last year. Its… Read More
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Microsoft Fires Another Set Of Employees, Continuing Its Announced Layoff Strategy
Microsoft took an axe to another slice of its employees today, cutting around 3,000 jobs according to Mary Jo Foley. TechCrunch heard through a separate source that the layoffs were imminent, but was not able to confirm their size. The company released a short statement indicating that it has nearly wrapped “all [of] the 18,000 reductions announced [it] in July.” Today’s… Read More
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Yahoo Lays Off 400 Employees In India
Just ahead of its Q3 earnings, Yahoo is laying people off in its international business. Specifically, it is downsizing its software development center in Bangalore, India. We understand that 400 people, mainly working in product engineering, have been affected. Yahoo has issued a statement to us confirming “consolidation” into fewer offices: “As we ensure that Yahoo is… Read More
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Microsoft Lays Off 2,100 More Employees
As expected, Microsoft hit go on a number of layoffs today, letting 2,100 people go, including 747 people in the Seattle-Redmond area, where the company is headquartered. The firings come as a second wave of the layoffs that were previously announced. Out of 18,000 expected cuts, 13,000 were pulled off nearly immediately. Today’s 2,100 brings the total number to just over 15,000… Read More
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Political Leaders Rebuke Microsoft’s Mass Layoffs
Microsoft’s record layoffs have picked up negative attention from governmental authorities and leaders, even as the cuts have been largely welcomed by investors and the broader market. The software company accreted more than 20,000 employees when it acquired the majority of Nokia’s hardware assets. In the wake of that deal’s closing, Microsoft announced 18,000 cuts to its… Read More
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Microsoft To Cut Workforce By 18,000 This Year, ‘Moving Now’ To Cut First 13,000
Microsoft has announced major layoffs today as predicted, following a company email published by CEO Satya Nadella last week that signalled changes on the way. In a note published by the company from Nadella today, the CEO outlines how the changes will happen, with a total of 18,000 employees getting the axe over the course of the next year, with 12,500 of those coming out of the streamlining… Read More
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Motorola Hiring For New Engineering Office In Waterloo – BlackBerry’s Loss Is Google’s Gain
Motorola is “ready to go on a hiring spree” in Waterloo, the home of BlackBerry HQ, according to a new report from the Financial Post. The Google-owned maker of smartphones already has an existing, small office in the heart of one of Canada’s most important tech hubs, but plans to build a proper, full-fledged engineering team in the area. Read More
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Google’s Motorola To Cut 10% Of Workforce After Laying Off 20% Last Year
After laying off 4,000 Motorola employees last year, representing around 20 percent of the total workforce, Google just announced that it would increase job cuts by a further 10 percent — now representing 1,200 people. The WSJ intercepted an internal email laying out the motivations behind this move. Read More
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Time Inc. To Lay Off About 500
Another publisher, Time Inc., is laying off 6% or about 500 employees in an effort to streamline operations at the 21-title publishing house. The lay-offs came after a thorough examination by Bain & Co and, according to a memo by CEO Laura Lang. Read More
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Japanese Hardware Layoffs Continue: Panasonic To Cut 10K More Workers In The Next 5 Months
The Japanese consumer electronics industry continues to feel the squeeze in the economy, with mass layoffs of workers representing one of the more painful effects. In the latest development, Panasonic Corp. says it will reduce its workforce by 10,000 employees by the end of this fiscal year, which completes in March 2013. The company had already warned that it will post losses of $10 billion… Read More
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Shrink To Grow: Citysearch And Urbanspoon Parent Company CityGrid Lays Off 15% Of Its Employees
Online media and advertising company CityGrid, the parent company of properties like UrbanSpoon, CitySearch and Insider Pages, is announcing a round of layoffs today that will affect about 15% of its workforce. Read More
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Sony Mobile To Lay Off 1,000 People, Move HQ To Tokyo From Sweden As Part of Restructuring
The crunch among handset makers who are not Samsung and Apple continues apace. Today, Android OEM Sony announced that its loss-making mobile handset division Sony Mobile Communications would be laying out 15% of its workforce — 1,000 people approximately — as part of a bigger restructuring. It will also move its HQ and “certain other functions” from Lund, Sweden to… Read More
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Goodbye Moto: Google Will Send Out 4,000 Motorola Pink Slips Starting Today, Part Of Bigger Overhaul
With Google’s $12.5 billion acquisition of Motorola Mobility closing in May, Google is now moving ahead on getting its new property in order. The New York Times is reporting that Google is preparing lay off 20 percent of the staff, or 4,000 jobs, and close one-third of its 94 worldwide offices — notifications of which will start to get sent out to employees beginning today… Read More
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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
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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
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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
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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
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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
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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
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