layoffs

News

• UPDATED: HP slashes 27,000 jobs as part of restructuring program

  It's official. Hewlett-Packard will cut 27,000 employees as part of its long-term restructuring plan, the company said when it announced quarterly financial results.

• Analysis: HP's layoff plans and what they mean

  You gotta love Silicon Valley. The Facebook IPO is creating dozens and dozens of new millionaires. Apple, thanks to the iPhone and iPad, has seen its employment nearly double in two years.

• HP plans massive layoff, say reports

  The last time Hewlett-Packard Co. announced a layoff of 25,000 people, it was on the same day that Lehman Brothers collapsed and the stock market nose-dived. That was in September 2008.

• Yahoo's new CEO lays out strategy for smaller, more focused company

  Yahoo plans to cut about 50 properties and refocus on its core business, CEO Scott Thompson said in an earnings call on Tuesday.

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  Detroit makes pitch for ousted Yahoo employees

  Quicken Loans and two affiliated Detroit venture capital firms have issued a call for the roughly 2,000 Yahoo employees who received pink slips last week to move to the Motor City to bolster the blighted city's efforts at revitalization.

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  Report: Sony to cut 10,000 jobs as part of restructuring efforts

  Sony will cut 10,000 jobs globally, or about 6 per cent of its workforce, this year as part of a restructuring plan under its new president, according to Japan's largest business paper.

• SAP China execs depart after internal probe

  Five executives in SAP's China operations have either left the company or are taking a leave of absence after an internal probe uncovered wrongdoing, SAP confirmed Monday.

• AT&T exec blames FCC for T-Mobile layoffs

  James Cicconi knows whom T-Mobile workers should blame for their company's recently announced layoffs: the FCC.

• T-Mobile to lay off nearly 2,000 call center workers

  A T-Mobile call center consolidation will cost 1,900 people their jobs, as the company works through a restructuring following the failure of AT&T's proposed acquisition of the smaller operator.

• Yahoo layoffs would indicate company direction

  Rumored layoffs at Yahoo could offer a clue as to how the company's new CEO, Scott Thompson, plans to redirect the stumbling Internet giant.

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  Nokia will lay off 4000 and move more manufacturing to Asia

  Nokia has decided to move more of its manufacturing to Asia, and will lay off approximately 4,000 workers at three factories in Europe and Mexico by the end of the year, the company said on Wednesday.

• NEC to cut 10,000 workers, forecasts $US1.3 billion loss in year through March

  NEC said it will cut 10,000 jobs, including 3,000 outside of Japan, and it now forecasts a US$1.3 billion loss in the current fiscal year through March.

• Nokia Siemens to slash 17,000 jobs worldwide

  Struggling network infrastructure vendor Nokia Siemens Networks is planning to cut 17,000 jobs worldwide, as it aims to cut €1 billion (US$1.35 billion) from its costs by the end of 2013, the company said Wednesday.

• Adobe to reduce enterprise software investment

  Adobe will cut 750 jobs and reduce its investment in enterprise software as part of a broader plan to target the fast-growing markets for digital media and digital marketing products, the company said Tuesday.

• AMD to lay off 10 percent of global workforce

  AMD plans to lay off 10 per cent of its global workforce and will terminate "existing contractual commitments" in a plan to cut costs, the company announced Thursday.