All Posts Tagged Tag: ‘Layoffs’

Microsoft Laid Off Another 1,000 Employees

Microsoft Laid Off Another 1,000 Employees

The cost cutting at Microsoft continued this week, as the company laid off some more of its workforce. The company quietly laid off around 1,000 employees on Wednesday, ahead of its FY16 Q1 earnings report. From the New York Times: Microsoft also continues to cut costs. On Wednesday, the company quietly laid off around about 1,000 employees, which amounts to …

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Groupon Cuts Jobs, Exits Countries

Groupon Cuts Jobs, Exits Countries

Groupon announced that it is eliminating about 1,1000 jobs over the coming months. The cuts will mostly take place in its International Deal Factory and Customer Service. The company says it has streamlined its operation in these (and other) areas and that it is now able to do more with less. In addition to the cuts, it is actually pulling …

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Have We Seen The Last Of Amazon’s Fire Phone?

Have We Seen The Last Of Amazon’s Fire Phone?

I’m sure I don’t have to tell you what a colossal failure Amazon’s Fire Phone was. Despite negative reviews and an overwhelming lack of consumer interest in the device, it had seemed as though Amazon would work to improve on the device with future models, but now it’s not looking so likely. After years of anticipation, Amazon finally unveiled its …

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Angry Birds Maker Rovio Is Cutting 260 Jobs

Angry Birds Maker Rovio Is Cutting 260 Jobs

In an effort to “sharpen its focus”, Angry Birds creator Rovio is announcing another round of job cuts. Rovio says it will soon “begin employee negotiations on up to 260 redundancies.” If you’re working on the Angry Birds movie, you’re safe – but all all division are up for the cuts. Rovio says it wants to focus on three areas …

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StumbleUpon Reportedly Lays Off ‘Dozens’

StumbleUpon Reportedly Lays Off ‘Dozens’

StumbleUpon is reportedly reducing its staff from close to 100 employees to about 30. That is according to VentureBeat, which cites an anonymous source. Jordan Novet reports: The company had just under 100 employees and will only have around 30 by the end of this week, a source familiar with the matter told VentureBeat. Last week employees were told in …

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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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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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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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