Tag archive: layoffs

Canada's Research in Motion might be putting on a brave face that everything is peachy-keen with their business—but investors have been hammering the company's share price, and apparently RIM isn't a big hit with some of its employees, either. Yesterday, the company said farewell to its chief marketing officer Brian Wallace, who will be moving over to smartphone rival Samsung. And while the company has not confirmed… Read More

Japanese electronics giant Ricoh says it plans to cut some 10,000 jobs from its global workforce of over 100,000 as the company looks to streamline operations and shore up its bottom line in the face of strong competition. Ricoh is a leading maker of office and digital imaging equipment: the company just announced a color electronic paper display suitable for ereaders, and until now the company had successfully been weathering both the global… Read More

Panasonic, Japan's largest makers of consumer electronics, has announced a broad restructuring plan that will see the company shrink itself from five major divisions down to three, as well as cut some 17,000 jobs. The moves are intended to make the company more competitive with electronics manufacturers in South Korea and China, but also reflect Panasonic's efforts to cope with the disruptions and devastation generated by last… Read More

We knew it was coming. Nokia made it clear that after its new partnership with Microsoft, it would need to eliminate jobs and that this was slated for the end of April. Now it’s upon us, and the despite any warning the cuts will be severe. Now that Microsoft has takem over much of its mobile software production, Nokia’s research and development department will be hardest hit. Antti Rinne, a representative from Finland’s largest private-sector… Read More

Now that Nokia is betting heavily on Microsoft's Windows Phone mobile operating system under the leadership of former Microsoft executive Stephen Elop, the Finnish mobile giant isn't going to need the hordes of engineers it had working on its efforts with Symbian and MeeGo. Industry watchers have expected the company to begin announcing job cuts, and now Nokia has signaled when the hammer will begin to fall: the company has… Read More

Struggling online portal AOL says it is laying off some 200 U.S. staffers from its technology and content departments in a move to eliminate redundancy in the wake of AOL's $315 million acquisition of The Huffington Post. Layoffs have been widely expected to follow on the heels of the acquisition as AOL integrates The Huffington Post organization into its content development teams and installs Ariana Huffington as the editor in chief of… Read More

Ever since its Huffington Post acquisition, AOL has been hounded by a countdown: How long until layoffs? Most reports said the staff slashing would begin once the deal was solidified, and now rumor has it that employees could find themselves on the chopping block by Friday. According to Forbes, all the signs for layoffs within the company have surfaced. The acquisition was finalized on Monday and Arianna Huffington is slated to make a “big… Read More

Last month, AOL entered into a $315 million deal to buy the Huffington Post and install Ariana Huffington as AOL's editor-in-chief for all content offerings. Now, reports from inside the company as well as third-party media outlets indicate AOL is planning significant staff layoffs once the Huffington acquisition is finalized. Although speculation varies about the number of employees AOL plans to let go, the bets are that a significant… Read More

Prior to its earnings call, Yahoo confirmed it will be laying off 1 percent of its global staff. In comparison to the recent round of massive staff slashing Yahoo employees have been subjected to, 1 percent is nothing. Still, it isn't a good indication that the company is successfully keep its head above water. It's likely that 100 to 150 jobs will be lost to the cuts. In a statement published by CNBC, Yahoo explained: “The… Read More

Yahoo has refused to comment, but multiple reports are claiming Yahoo is on the verge of laying off 600 to 700 employees. If true, the cutbacks would eliminate between four and five percent of Yahoo's total remaining workforce, which totaled a bit over 14,000 employees at the end of September. The Wall Street Journal's All Things D reports the layoffs could come as soon as today and will mostly impact U.S. employees in the… Read More

Internet giant Yahoo is doing a bit of damage control, following reports citing anonymous sources that claimed the company was getting ready to lay off as much as 20 percent of its workforce in a move to improve its revenue profile. In a statement, Yahoo characterized the report as “misleading and inaccurate,” but stopped short of saying it's not going to be making any layoffs. Instead, Yahoo said it is “evaluating… Read More

Microsoft Corp. says it is cutting 800 more jobs. That's in addition to the 5,000 layoffs it announced in January. Lou Gellos, a Microsoft spokesman, said Wednesday the cuts are being made in offices around the globe. He would not say what specific product groups or job types are affected. Gellos also says Microsoft had already let nearly all of the 5,000 go, in what was the company's first-ever widespread layoffs. Microsoft also… Read More

Nokia Siemens Networks said Tuesday it will lay off up to 5,700 workers globally as part of a move to cut annual costs by euro500 million ($740 million). The mobile network equipment maker — a joint venture between Finland's Nokia Corp. and Siemens AG of Germany — said it will reduce its five business units to three by January, and strengthen its business through partnerships and acquisitions. The savings program could include cutting 7… Read More

Beleaguered Sun Microsystems, creators of Java and owners of the widely-used MySQL database, has revealed in an SEC filing that it plans to cut up to 3,000 jobs in the next year as it waits for European regulators to approve the company's $7.4 billion merger with database giant Oracle. Although the deal has already been approved by the U.S. Justice Department, the European Commission isn't expected to reach a decision until early… Read More