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All Posts Tagged Tag: ‘Layoffs’

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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Pixar Layoffs Affect Nearly Five Percent Due to “The Good Dinosaur” Delay

Walt Disney Studio’s subunit, Pixar Animation Studios, has laid-off nearly five percent of its workforce due to delays of an impending film, “The Good Dinosaur.” Approximately 60 out of 1,200 workers at the Emeryville, Calif., location was cut from the project. In August, the original director, Bob Peterson, was removed from the film. Then a month later, the movie’s release …

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Acer CEO Resigns, Layoffs Announced

Acer is one of the top worldwide PC brands, but that hasn’t insulated the company from the recent downturn in the PC market caused by the growth of mobile technologies. Acer this week announced major changes to its executive structure and a restructuring plan that includes massive layoffs. Acer Chairman and CEO J.T. Wang has announced he will be stepping …

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Latest BlackBerry Layoffs Have Begun

As BlackBerry prepares for a possible $4.7 billion buyout, the company is getting itself into shape for both the sale and a shift in focus to its enterprise solutions offerings. In addition to the possible sale of some of its Ontario real estate, part of this process involves another round of huge layoffs that will see as much as 40% …

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BlackBerry Suffers $1 Billion Lost, Cuts 40% of Staff

Just five years ago, BlackBerry Limited was at the top of the smart-phone totem pole as a major competitor for the Apple Corporation. BlackBerry dominated consumer and corporate markets, alike. The famous smart-phone affectionately known as the, “CrackBerry,” was a viable component in the political sector as well. President Obama was notorious for always having his BlackBerry within reach. However, …

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More Huge Layoffs Coming to BlackBerry

Throughout 2012, BlackBerry (RIM at the time) laid off thousands of workers in an attempt to shore up quarterly numbers. The company was still months away from the reveal of its BlackBerry 10 smartphones, and analysts had begun writing the company off. BlackBerry made it to January and unveiled its smartphones, which the company believed would revitalize its sales and …

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Since Layoffs, StumbleUpon Has Been Actively Hiring, Adding Engineers

It wasn’t exactly a great start to the new year for StumbleUpon back in January, when the company laid off 30% of its staff, but that was a long time ago in Internet time, and the company has since been hiring, including some new execs and engineers. StumbleUpon’s Mike Mayzel told WebProNews back when the cuts were made that the …

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Cisco Layoffs And Guidance Send Stock Down Despite Earnings Hit

Cisco released its Q4 and fiscal year 2013 earnings on Wednesday, along with plans to lay off 4,000 employees. While the earnings managed to meet analysts’ expectations, the company’s stock is suffering on news of the job cuts. The layoffs, which the company is calling a “workforce rebalancing” will begin starting next quarter, and will amount to about 5% of …

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Heinz Announces 600 Layoffs In US and Canada

American food company and condiment titan the H.J. Heinz Co. announced that they will be laying off 600 workers across the United States and Canada. The layoffs will include 350 workers at the company’s home base in Pittsburgh, PA. Heinz was bought in June by Warren Buffett’s Berkshire Hathaway and Brazilian investment firm 3G Capital for a reported $23.3 billion. …

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IBM Layoffs Having Dramatic Effects Across North America

IBM has initiated another round of layoffs, and while the national story is concerned with the total number of employees dismissed–anywhere from 6000 to 8000 employees, according to some estimations–if you take a closer look at the towns and cities affected, the story has much more impact. News organizations covering the areas where IBM employees entered unemployment present a much …

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