Items tagged with job cuts

It's hard to believe that Samsung's future is in question after all the success the South Korean electronics giant has enjoyed the past few years. Yet that's the situation facing Samsung -- following a disappointing quarter in which the company's... Read more...
Sprint is planning to reduce its workforce by approximately 2,000 employees, or 6.5 percent, a move the company says will save $400 million annually on labor costs. Unfortunately that is what is has come to for Sprint -- looking for ways to cut... Read more...
Hewlett-Packard, the second largest supplier of PCs in the world, announced financial results for its fiscal 2014 second quarter ended April 30, 2014. The company grew its profits year-over-year by 18 percent to $1.3 billion on $27.3 billion in... Read more...
In a desperate bid to save a sinking ship, Alcatel-Lucent, a global mobile phone manufacturer and telecommunications equipment company, is planning to reduce its workforce by around 10,000 employees by the end of 2015, the firm announced today. The... Read more...
At a time when consumers are trending towards mobile products like smartphones and tablets, Texas Instruments has decided it can flip a bigger profit by focusing its energies elsewhere. As such. TI is planning to slash 1,700 jobs as it scales back... Read more...
HP announced more bad news for employees who are already facing massive job cuts: it plans to slash even more positions than expected. That number was a projected 27,000 lost jobs by 2014. Now, reports suggest that the company is eyeballing an... Read more...
Sony Mobile is letting go of 1,000 employees, or 15 percent of its overall workforce, as the company prepares to relocate its corporate headquarters and certain other functions from Lund, Sweden, to Tokyo, Japan, the company announced today. The... Read more...
Google might be one of the greatest companies to work for on the planet (if you die while working at Google, your spouse or significant other will receive 50 percent of your income for 10 years, which is just one of many awesome perks at Google)... Read more...
Job cuts in the tech industry has become an all too common theme in the past couple of years, and the latest round of redundancy reductions is set to take place at Logitech. The peripheral maker announced plans to restructure its operations and... Read more...
Job cuts are an unfortunate part of doing business, especially when times get lean and investors grow antsy with dwindling profits (or increasing losses). When they do happen, you just hope too many people aren't affected. No such luck for Sony... Read more...
Yahoo today confirmed plans to hand out around 2,000 pink slips to its employees, which is roughly equivalent to 14 percent of its workforce. The planned layoffs are an attempt to turn things around at Yahoo in a massive reorganization effort led by the company's new CEO, Scott Thompson, the former PayPal... Read more...
Job security is tough thing to come by these days, a fact that resonating in various departments at International Business Machines (IBM), the third-largest publicly traded technology company in the world and the largest computer services supplier... Read more...
Now's not a fun time to be working at Panasonic, not when you're constantly looking over your shoulder wondering if the corporate axe will come crashing down. Over the next two years, Panasonic said it plans to hand out another 17,000 pink slips and... Read more...
Yahoo isn't the only one handing out pink slips in place of holiday bonus checks. According to a Bloomberg report, Nokia plans to cut as many as 800 jobs in Finland after completing talks with unions. Those getting axed will have the option of... Read more...
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