Items tagged with workforce
There's a giant microscope hovering over Silicon Valley examining workplace diversity, or the lack thereof, as more and more companies release reports on the topic. The latest to do is Facebook, and as with many other tech firms, the majority of the company's employees are white and male, especially those holding down management positions. According to Facebook's diversity report, 69 percent of the social network's employees are male. When narrowing the focus on specific areas, 85 percent of the company's tech workers and 77 percent of its management team are male. Gender isn't the only area where it's noticeably lopsided. In the U.S. 57 percent of Facebook's employees are white, 34 percent are...
Read more...
NVIDIA Announces Workforce Reduction SANTA CLARA, CA - SEPTEMBER 18, 2008 - NVIDIA Corporation (Nasdaq: NVDA) today announced a workforce reduction to allow for continued investment in strategic growth areas. As a result, NVIDIA expects to eliminate approximately 360 positions worldwide, or about 6.5 percent of the Company’s global workforce. The reduction is expected to be completed by the end of the third quarter of fiscal 2009 ending October 26, 2008. NVIDIA will provide employees affected by this reduction with severance packages, counseling, and job placement services."Our action today is difficult, but necessary considering current business realities. Despite our reduction, we will continue...
Read more...
On Wednesday a rumor started circulating that AMD was starting to making cutbacks in its workforce, not entirely uncommon for a company that is attempting to become profitable again. As with all rumors, they don't always turn out to be factual:An AMD representative denied that any cuts have taken place as of Thursday morning, but when asked if cuts were impending, declined to comment on "rumors and speculation." The source of the rumor also went on say that AMD was going to miss its quarterly earnings target. Time will tell if this part of the rumor is accurate, otherwise it seems that the source is batting 0 for 2....
Read more...
Snocap, best-known as being Shawn Fanning's follow-up to Napster, has laid off nearly 60% of its workforce.Snocap offers to handle copyright and music licensing for musicians and also powers embeddable download stores that artists can place on any site. From these digital-music vending machines, the artists can sell their own music. According to Rueff, there are signs that the idea is starting to take hold. "Just not as fast as we expected," Rueff said. "You have to understand that it took a lot of work and a lot of capital to bring this capability to market. But it's that time when we are asking ourselves what's next. And we think it's probably best for us to be part of larger entity." In other...
Read more...
Earthlink has won a number of municipal wi-fi contracts, including San Francisco (!), but it still needs to find ways to balance its ISP business, which is struggling, with the high cost of building its municipal Wi-Fi and cellular phone businesses. The solution, at least for now, is a layoff. On Tuesday, EarthLink announced that it would shed 900 employees. The reason was simple, said Rolla Huff, CEO of the company. EarthLink, which has had four solid quarters of losses and a sinking stock price, needs to return value to its shareholders. And this means eliminating jobs that don't help the company add subscribers or increase revenue.EarthLink's traditional dial-up Internet access business,...
Read more...
