Items tagged with pink slips

by Paul Lilly - Wed, Apr 04, 2012

Yahoo to Cut 14 Percent of Its Workforce

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 president who joined Yahoo in January... Read more...

by Paul Lilly - Thu, Mar 01, 2012

Employee Group Reports 1,400+ Job Cuts at IBM in U.S. and Canada

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 on the planet. Despite its credentials and standing in the global... Read more...

by Paul Lilly - Wed, Dec 15, 2010

Unhappy Holidays, Nokia to Axe up to 800 Jobs

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 voluntarily resigning in exchange for a severance package equivalent to 5 to 15 months worth of salary,... Read more...

by Gregory Sullivan - Tue, May 13, 2008

Hewlett-Packard Buys EDS, Prints Pink Slips

Hewett Packard must have IBM envy. They've purchased Ross Perot's old technology services company, Electronic Data Systems, for $13.2 billion, so they can claim to be the second place provider of such services to businesses and government, behind IBM. As usual, the first rule of Takeover Club is: you're fired. It's a field dominated... Read more...