According a to a story at WSJ, Sun has posted a loss of $34 million for their third quarter and will be forced to reduce its workforce by up to 2,500 jobs.
Believe it or not that represents just over 7.26 percent of their entire workforce which means their workforce is way more than I thought [...]
Filed under: layoffs, tech | Tagged: acquisition, economy, layoff, loss, mysql, sun | No Comments »
After the acquisition of several regional companies recently and a sluggish US economy, AT&T has announced that the “next step in streamlining its operations” is to reduce its workforce by 1.5 percent.
That 1.5 percent means just over 4,600 employees will be laid off.
AT&T says that most of the reductions will be in areas that have [...]
Filed under: layoffs, tech | 1 Comment »
According to a story at Valleywag, a former DoubleClick employee approached Valleywag with a story that doesn’t exactly fit with Google’s “Do No Evil” motto.
According to the unnamed person, Google managers asked DoubleClick employees to sign one-year noncompete agreements. Most agreed, assuming it would spare their jobs.
Then, a week later, the layoffs began and now [...]
Filed under: layoffs, rumors, tech | Tagged: evil, google, layoff, layoffs, noncompete, rumor, tech | No Comments »
Chipmaker AMD today announced that it was forced to lower its Q1 performance forecast from $1.6 billion to $1.5 billion and will be laying off 10% of its workforce by the end of Q3.
Their new Q1 forecast of $1.5 billion is 22% above the same time last year, but 22% behind Q4 of 2007.
AMD blames [...]
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While Dell reported an $11.6 billion profit last quarter, the company must know something that we don’t and has announced a new plan to reduce its costs by $3 billion over the next three years.
The company will be laying off 6,500 jobs (in addition to the other 3,200 it has laid off so far in [...]
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Investors have been accusing CNET of underperforming for a while now. To please investors and plan for “long-term growth”, CNET has announced that they will be laying off 120 people (roughly 10% of their staff).
While the company does have a global presence, all of the cuts will be happening in the US.
[Via Reuters]
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Navigation chipset manufacturer SiRF today announced that as a result of lower than expected orders for 2008 they dropped their first quarter expectation by roughly $10 million.
Bad news for SiRF employees as the company will be cutting 7 percent of their workforce and closing its offices in San Francisco and Stockholm, Sweden.
The company will also [...]
Filed under: layoffs, tech | Tagged: cutbacks, gps, layoff, navigation, sirf, tech | No Comments »
Yes, Google will most likely have to lay off some people, its true, but not for the same reason that, for example, Yahoo had to lay off people.
Now that the acquisition of DoubleClick has been blessed by both the FTC and the EC, there will be some job redundancies that will have to be addressed.
Eric [...]
Filed under: layoffs, tech | Tagged: acquisition, doubleclick, google, layoff, tech, Untitled | No Comments »
The US division of i-mate located in Redmond, Washington, had a busy day Friday laying off the entire engineering, QA and tech writing departments (among others).
Chief Software Officer and VP of Sales and Marketing are also both gone, with the sales director set to be promoted to GM of everything.
The problem was difficulty getting their [...]
Filed under: layoffs, tech | Tagged: cell, cellphone, cellular, i-mate, imate, layoff, mobile, mobilephone, tech, wireless | No Comments »
As was expected, layoffs have begun at Yahoo with an estimated 1,000 - 1,100 employees asked to leave (Yahoo has not yet released official numbers).
According to one source, every conference room at their Sunnyvale, CA, headquarters was booked all day so that human resources could meet with the employees being laid off.
Yahoo’s new mission is [...]
Filed under: layoffs, tech | Tagged: downsize, layoff, reduction, tech, yahoo | No Comments »
