Items tagged with Layoffs
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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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 bit in 2014, but in the meantime, at least one PC maker is looking at cutting...
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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 seen. Certainly the landscape is different now, and...
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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 year, the company missed its forecast and posted an operating loss of around $366...
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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 saying publicly what’s happening, EA posted this incredibly vague...
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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 apparently to lease the facility back from the new...
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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 development and manufacturing of inkjet hardware, Lexmark estimates it will save...
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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 workforce, according to a report in The Wall Street Journal....
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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 the duplication simply can't be dealt with unless...
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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 changed course. Twenty-five workers were overpaid...
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Perhaps Microsoft used Excel when they calculated the severance packages of some of the 1,400 workers they recently laid off. At any rate, apparently they made some errors, and are now asking some of those laid-off workers for some of their severance package back.According to a report by TechCrunch, the letters have been sent to more than...
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IBM has laid off several thousand people during this recession. However, according to a internal IBM document obtained by CNNMoney, some of the North American employees can still save their jobs --- if they choose to move to another country and work at the local pay rate. In other words, according to the document, these American or Canadian...
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