All Posts Tagged Tag: ‘Layoffs’

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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PBS Layoffs: NewsHour to Make Some Cuts Amid Lost Corporate Revenue

PBS’s nearly four decade-old nightly newscast is about to face some serious cuts. The New York Times reports that an internal memo from PBS NewsHour’s executive producer Linda Winslow indicates that the show’s producer, MacNeil/Lehrer Productions, will be closing two offices and laying off most of their employees at those locations. The two offices that will take the hit are …

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Blekko Raises New Funding, Reduces Staff

Blekko has both reduced its staff and raised new funding. According to a report from Greg Sterling at Search Engine Land, who had an email exchange with CEO Rich Skrenta, the company laid off eight people earlier this week as part of a cost-reduction effort, but Skrenta reportedly said, “blekko’s revenues are growing and these cost reductions will help us …

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Chicago Sun-Times Lays Off Its Entire Photography Staff

In yet another sign of the effect the internet has had on physical newspapers, the Chicago Sun-Times this week announced that it has laid off all of its staff photographers. The newspaper released a statement on the move, saying that its audience is “seeking more video content with their news.” The statement, in full: The Sun-Times business is changing rapidly …

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ESPN Layoffs Confirmed, Details Emerging

Yesterday, rumors began to surface that sports TV news station ESPN will soon be laying off some of its employees. Now, the company, which is owned mainly by The Walt Disney Company, has confirmed that layoffs are incoming. ESPN has released a short statement on the matter: We are implementing changes across the company to enhance our continued growth while …

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