Items tagged with Layoffs
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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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It's been a tough year for PC makers in general (Lenovo notwithstanding), some of which were caught off guard by the mainstream market's infatuation with mobile devices. There have been signs that traditional computer sales may rebound a...
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In the early days of Android, HTC practically had a license to print money. We don't mean that literally, mind you, but quarter after quarter, HTC's revenues and profits continued to soar as it capitalized on what was fast becoming the most popular mobile operating system the world had ever...
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Nintendo has seen better days. There's some doubt among analysts about the Wii U's ability to compete with Sony's upcoming PlayStation 4 and Microsoft's Xbox One consoles, and though the game maker found itself back in black earlier this...
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The heady days of FarmVille are a distant memory for Zynga, and it’s still smarting from its ill-fated OMGPOP acquisition (as in, Draw Something, the game you played for a few weeks and then forgot). Today, Zynga released 520 workers, which is about 18 percent of its staff. The workforce reductions aren’t entirely a surprise. Zynga...
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Electronic Arts is slashing more jobs yet again, and to make matters worse (or at least more annoying), the company isn’t releasing many details about the who, what, where, and when of those layoffs. Instead of coming right out and...
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It’s never a good sign when a company is trying to raise money using strategies that don’t include selling its products for a profit, but that’s where AMD is these days. The chipmaker is reportedly looking to sell off its Austin, Texas facility to generate cash; the plan is...
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Lexmark has been a mainstay in the inkjet printer business for as long as we can remember, so it comes as a bit of a shock that the company is bowing out of the segment as part of an aggressive restructuring plan to cut costs. By ceasing...
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As AOL looks to the future following its $315 million acquisition of the Huffington Post, a good chunk of the old regime will be left behind. AOL is in the process of handing out around 900 pink slips, which represents 20 percent of the company's workforce. All affected employees have already been notified, who according to All Things Digital,...
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The music industry dealt what appeared to be a fatal blow to LimeWire by winning a court injunction against the peer-to-peer file sharing service. Desperate to keep the ship afloat, however, LimeWire CEO George Searle confirmed that the company recently laid off 29 of it's 100-person...
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It may be a done deal, but some former Palm employees aren't singing a positive tune after the HP acquisition. In many cases where one company takes over another (or just buys another to integrate), at least a few positions are eliminated. There's usually never a need for two CEOs, and some of...
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As we wrote previously, Microsoft over --- and underpaid --- a number of the 1,400 workers it recently laid-off. After a wave of criticism which occurred after Microsoft asked for the, ahem, overpayment back, Microsoft caved in. Microsoft human resources chief Lisa Brummel said the company had...
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