Items tagged with Layoffs
While Spotify fills everyone’s Twitter/X timeline with users posting their most played songs of 2023, the company announced it will be laying off 1,500 workers ahead of Christmas. The number equates to a not-insignificant 17% of Spotify’s total workforce, and follows layoffs of 600 employees in January, plus an...
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Following the announcement by Microsoft CEO Satya Nadella that the company is laying off 10,000 employees, 343 Industries issued a statement on the future of its highly-popular Halo franchise. The layoffs come at a time when other tech companies, such as Google and Meta, are cutting back its workforces as...
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Google CEO Sundar Pichal takes full responsibility for the upcoming layoffs at the company in an email sent out to employees earlier today. Pichal stated that the tech company hired for a "different economic reality than the one we face today," and that the layoffs are an effort to align with Google's "highest...
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In a move somewhat similar to Microsoft's announcement it was shutting down its Mixer streaming platform through a tweet, the CEO of Better.com, an online mortgage lender, fired 900 employees during a Zoom call back in December. Now the company has announced it will be laying off another 3000 employees, which is about...
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Being told you will be out of work come the new year is a horrible way to start the holiday season, but it appears Activision-Blizzard has done just that to some of its quality assurance testers. Confirmed by a Call of Duty community manager on Twitter, the employees will be out of work come January 28th, after being...
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Mozilla has announced that it has let go of several employees via an official blog post. In the post, titled "Readying for the Future at Mozilla," Mitchell Baker, Mozilla Chairwoman and interim CEO, wrote that Mozilla has to do two things in this era including continuing to excel in its current work and innovating in...
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Despite all of the hype and excitement surrounding virtual reality over the past couple of years, the market for VR has not grown at the pace Nokia had anticipated or hoped it would. As a result, the company has decided to 'optimize' its investments in VR, starting with halting development of Ozo, a 360-degree VR...
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Seagate Technology may be raking in the dough, but it is still letting employees go. The company estimated fourth-quarter revenue higher than Wall Street expectations, however, it will lay of 6,500 employees by the end of the fiscal year of 2017.
Seagate Technology is an American data storage company best known for...
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Despite being the world's largest maker of mobile semiconductors for smartphones and feature phones, the future of Qualcomm is now in question. All eyes will be on Qualcomm as when it reports its fiscal third-quarter results tomorrow, as that's when it may announce what options it's considering to turn things around...
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There’s a lot of positive energy flowing through Microsoft these days. The company by all accounts won E3 with the unveil of a new 1TB Xbox One console, a swanky new “Elite” wireless Xbox One controller, and backwards compatibility support for Xbox 360 games. And we can’t forget the July 29 release of Windows 10...
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BlackBerry, or the company formerly known as Research In Motion (RIM) if you prefer, has a seemingly endless playbook filled with strategies to keep the company afloat. A name change is just one of many things the company has tried, in addition to hiring new leaders, launching new products, and when things get really...
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Later this year, auction site eBay and its wholly owned online payment subsidiary PayPal will split into two different companies, and as they prepare to do that, several employees are being handed pink slips. The two divisions have reportedly begun notifying affected employees, most of which have been participating in projects that didn't
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AOL has gone into restructuring mode and is preparing to lay off staff, as well as shut down several of its prominent website properties. At present, it's being reported that AOL is likely to turn out the lights at its primary gaming site Joystiq, and the The Unofficial Apple Weblog, better known as TUAW. However...
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Back on October of last year, Sony said it planned to eliminate 1,000 jobs in its mobile division. Now three months later, Sony crunched the numbers and is reportedly going to hand out an additional 1,000 pink slips, the latest of which will mostly affect its smartphone operations in Europe and China, according to...
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Although IBM appears to be on the verge of major jobs cut, details are slim. Forbes columnist Robert Cringely reported last week that about 26 percent of IBM’s existing workforce of 431,000 employees would receive unwelcome phone calls from their managers this week. According to the report, cuts would likely be...
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Qualcomm CEO Steve Mollenkopf will have plenty of opportunities to practice his Donald Trump impersonation as the company gets ready to hand out approximately 600 pink slips. The layoffs come as Qualcomm faces regulatory investigations into its business practices in three different territories -- China, European Union, and the United States
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Rovio Entertainment is following through with its plan to make significant workforce reductions this year. The cuts, which Rovio first announced in early October, will remove 110 employees. As part of the reorganization, the Angry Birds game developer is closing its Tampere, Finland studio and moving many positions to Espoo, Finland.
The
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As expected, heads are rolling at Samsung, though company co-chief and mobile business boss J.K. Shin didn't get the axe as some had speculated. Instead, three other high-level executives were thanked for their services and shown the door as Samsung reshuffles its core management team in an attempt to return its...
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Hot on the heels of Microsoft issuing a second wave of layoffs, Toshiba announced that it too will be handing out pink slips. The reason? Apparently the consumer PC market is just too damn volatile, so Toshiba plans to accelerate its restructuring effort that will ultimately see a reduced presence in that market and...
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In an internal memo to employees, BlackBerry CEO John Chen essentially told the company's remaining workers that they can exhale, the worst is behind them, including layoffs. Not only that, but Chen said he plans to hire workers in specific areas, which is somewhat surprising after BlackBerry just finished shrinking...
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Microsoft's plans to lay off some 18,000 employees have caused ripples in the tech industry -- it's one of the largest layoffs ever announced at a major IT company -- and some of those ripples have spread to Capitol Hill. On Friday, Senator Jeff Sessions (R-Ala) tore into Microsoft for the hypocrisy of pushing for...
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No company ever announces job cuts by saying, “We’re scuttling thousands of jobs, and that sucks, but that’s business”. Microsoft’s version of tap-dancing around the nasty business of layoffs is an email from CEO Satya Nadella titled “Starting to Evolve Our Organization and...
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