A leaked memo from Yahoo CEO Carol Bartz confirms layoffs began this week. Yahoo was not the only tech company with announced layoffs: Nokia is also cutting staff in Finland. –
It’s a cold, cold winter in Sunnyvale, Calif.,
and Helsinki.
Internet “destination” Yahoo as it calls itself in its company overview has a
bit of bad news for 4 percent of its staff (about 600 employees) this holiday
season: Sorry, but your services at Yahoo are no longer necessary. Yahoo
emp…
Despite job cuts being planned earlier in the year by Hewlett-Packard in the United Kingdom, labor representatives express deep resentment of worker elimination and jobs moving to other locations in the world while the company continues to grow revenue and profit. – Hewlett-Packard
employees in the United Kingdom are railing from recent
layoffs that eliminated 1,300 employees. The latest workforce reduction
announcement comes on top of 900 HP worker job cuts in the region. The union
representing U.K.-based workers, Unite, had disparaging remarks for the rec…
In a major strategy shift, Nokia will focus on the Qt framework for its mobile platform, instead of trying to maintain both the MeeGo and Symbian operating systems. The company will lay off 1,800 as part of the restructuring. – Nokia will cut 1,800 jobs and restructure its smartphone business, despite a
strong third-quarter performance, the Finnish phone manufacturer disclosed on
Oct. 20.
Reporting a third quarter profit of 529 million euros, or $741 million,
Nokia surpassed analyst expectations of a profit of less tha…
With traditional wireline long-distance business being consistently replaced by mobile phones, smartphones and IP-based technologies, AT&T finds itself fighting with the union and at least one state attorney’s office in New England to lay off workers. –
The
attorney general of Connecticut, Richard Blumenthal, is
about to be embroiled with the sole provider of service for the iPhone,
AT amp;T. The battle will be over the planned layoffs of more than 150 workers
in the state by the telecommunications giant who is now primarily a mobile
service…
Microsoft’s week revolved around rumors of employee layoffs, reportedly small in comparison to the 5,000-plus cut from the company rolls in 2009. At the same time, Microsoft also dealt with fallout from the demise of its Kin social-networking phones. – Rumors of employee layoffs dominated Microsofts week, along with discussion
about the short life and brutal death of the companys Kin phone.
Microsoft officials declined to officially comment on rumors that the
company is laying off a small number of employees, following the July 1
beginning of…
Reportedly preparing to spin off its IT division in the fall of 2010, tech giant Siemens is downsizing 2,000 jobs in Germany and plans to eliminate another 2,200 technology jobs globally by 2011.
– Engineering and industrial-technology conglomerate Siemens
announced March 18 it will lay off 4,200 employees in the IT division, in what
some news sources are claiming is preparation for an IT division spinoff. Siemens
said it plans to invest $500 million euros in SIS, its IT solutions and
serv…
Boeing has issued 60-day pink slips to more than 1,000 employees of its Engineering, Operations and Technology division. Boeing, whose year-over-year revenue was up 42 percent in the fourth quarter of 2009, expects to lay off 2,000 workers in 2010.
– Aerospace and defense contracting company
Boeing gave 60-day layoff notices for 1,020 employees. The bulk of the
layoffs will happen in both its Puget Sound, Wash., and Seal Beach,
Calif., locations, as well as other U.S. offices. Many of the cuts are
information technology workers in
Boeing’s …
AOL says 1,100 people took voluntary job elimination packages in December 2009, not the 2,500 people the company had hoped for. As a result, AOL says layoffs are necessary to help reach its goal of saving $200 million. Other efforts include the closing of offices internationally; at least two will shortly be shut down in Sweden and Spain.
– AOL is pursuing its
transition to being a more content- and media-driven company by restructuring
its work force, something that has openly been in the works since the company
asked for volunteers to take job elimination packages in December 2009. On Jan.
11, AOL began laying employees off in sm…
Finance Minister Diana Dragutinović said on Monday in Belgrade that as of next February there would be fewer staff in the public sector. “By the end of this year, each ministry should submit a new job systematization plan, which will be harmonized with the maximum number of employees determined for each ministry,” the minister told journalists, Beta news agency reported.
The Washington Times will lay off at least 40 percent of its 370 employees as part of a major overhaul announced Wednesday by the financially troubled paper. In a statement, Washington Times president and publisher Jonathan Slevin said the cuts were part of a strategy to transform the paper
CHICAGO (AP) — Gov. Pat Quinn says Illinois needs a tax increase even after the latest round of budget cuts.
The Democratic governor presented another round of cuts Friday as officials try to close an $11.6 billion budget deficit. He says Il…
The unemployment rate in the Chicago metropolitan area continued to surge in June, reaching 11.3 percent, up from 6.9 percent a year earlier and the highest level since July of 1983, the Illinois Department of Employment Security said Thursday…
Cisco plans to cut about 1 percent of its work force of 66,500 as part of a limited restructuring announced in February. More jobs are expected to be dropped at the world’s largest IT networking company later in 2009.
– Not even highly successful IT companies with plenty of cash in the bank are
immune from layoffs during this down economy.
Cisco Systems, the world’s largest IT networking vendor and the builder of much
of the Internet, said July 16 that it is laying off between 600 to 700
employees about 1 pe…
During the question-and-answer portion of the all-hands, one staffer asked Tim if SAI’s estimate that AOL will probably have to lay-off another ~2,000 employees was close to the mark.
We were glad to hear of Tim’s response. First he said that…
With a midnight deadline looming and hundreds of city jobs on the line, one more Chicago employees union has blinked while two others continue their stare-down with Mayor Daley.
Laborers Union Local 1001 signed a two-year deal Monday agreeing…
