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All Posts Tagged Tag: ‘Layoffs’

Microsoft Announces 7,800 Job Cuts from Phone Division

Microsoft Announces 7,800 Job Cuts from Phone Division

Microsoft has announced that it will cut up to 7,800 jobs, mostly in the company’s phone hardware business. The company is also writing off $7.6 billion related to its acquisition of Nokia’s phone business despite only spending $7.2 billion to acquire it last year. “I am committed to our first-party devices including phones. However, we need to focus our phone …

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IBM Denies Rumors of Huge Layoffs

IBM will be cutting jobs – that’s not up in the air. The company announced this in its latest earnings report. But just how many jobs will be lost? IBM is flatly refuting recent reports that it plans to lay off over 100,000 employees. According to the company, the layoffs will affect “several thousand” employees, which represent a “small fraction” …

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Microsoft Initiates Another Round Of Layoffs

Microsoft announced a couple months ago that it would reduce its overall workforce by up to 18,000 jobs over the course of the next year, and that of those, 12,500 would be related to its acquisition of Nokia assets. The company was also said to be eliminating Xbox Entertainment Studios. Microsoft said it would begin with 13,000 eliminations, and that …

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Macworld Ends Print Publication, Reduces Staff

News broke today that the print version of Macworld is being shut down as IDG laid off most of the staff. The online version will continue, but also with a reduced staff. The news emerged from tweets by staff, which were picked up by Valleywag earlier. From Senior Editor Roman Loyola: Whelp that was fun. Being laid off from Macworld. …

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Cisco Cuts 6,000 Jobs As It Reports Better Than Expected Earnings

Cisco announced on Wednesday that it will cut about 6,000 jobs or 8% of its total workforce. The news came as the company reported its earnings for its fourth quarter and fiscal year 2014, beating Wall Street estimates. Chairman and CEO John Chambers said in a statement, “We are executing well in a tough environment and delivered our best non-GAAP …

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Microsoft To Eliminate Xbox Entertainment Studios

As you may know, Microsoft announced that it is cutting 18,000 jobs over the next year, starting with 13,000 over the next six months. One casualty of the company’s restructuring is Xbox Entertainment Studios, a segment founded in 2012 to help the company get exclusive streaming video content. It just didn’t work out that well. Re/code reports that the division …

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Microsoft Is Officially Cutting 18,000 Jobs

It’s been rumored that Microsoft would be cutting some jobs – specifically some from its acquisition of Nokia assets. Now, official word from the company on the matter is out. CEO Satya Nadella said in an email to employees, which the company made public, that Microsoft will begin reducing its overall workforce by up to 18,000 jobs within the next …

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Sony To Shut Down 20 Of Its U.S. Retail Stores

Electronics giants operating their own retail stores has always been a weird proposition. Apple made it work by offering a retail experience that you just can’t find anywhere else, but others haven’t been so successful. Sony is one of those companies, and now its US retail presence is getting decimated. Sony announced this week that it will be shutting down …

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Disney Layoffs: Hundreds Expected To Be Axed

Disney Interactive, the video game and digital media subsidiary of The Walt Disney Co., will soon layoff “several hundred” of its employees from a total staff of about 3000, according to the Wall Street Journal. The cuts are expected to be announced by Wednesday. The subsidiary has been underperforming for several years now and has reportedly lost over 200 million a year …

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Dell Layoffs Confirmed; Numbers Smaller than Rumored

Earlier last month, reports leaked stating that Dell was preparing to layoff a massive amount of its workers worldwide. The Register, a British technology website, stated on January 9th that Dell would layoff 20% of its U.S.-based sales members, while also relieving 30% of its sales and marketing staff in Europe, Africa, and the Middle East. These numbers would mean …

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Penney Store Closings And Job Cuts To Save Company $65 Million

This past Wednesday, J.C. Penney announced it would be closing down 33 stores throughout the nation and cutting 2,000 jobs. The changes are part of an effort to save nearly $65 million each year. J.C. Penney Ceo, Myron Ullman III, stated recently, “As we continue to progress toward long-term profitable growth, it is necessary to re-examine the financial performance of …

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Macy’s Cuts Jobs Despite Successful Christmas Sales

Bad news for Macy’s employees. The retailer announced on Thursday that it will be laying off about 2500 of its employees despite having successful earnings over the Christmas season. Macy’s announced that it intends to close a total of 5 stores in Arizona, Kansas, Missouri, New York and Utah by this spring. In addition to giving some employees the boot, the remaining staff will take on additional …

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