All Posts Tagged Tag: ‘Layoffs’

Bank of America to Cut 16,000 Jobs by Year’s End

Bank of America will be speeding up its cost-cutting measures and will lay off 16,000 employees by the end of the year. The Wall Street Journal has obtained a “document given to top management” of the bank and is reporting that the layoffs are part of cost-cutting measures that will make the company “a leaner and more focused enterprise. The …

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Hewlett-Packard to Cut 2,000 More Jobs Than Previously Stated

Hewlett-Packard (HP) announced today that it would cut 2,000 more jobs than it originally reported back in May. This brings the total planned layoffs up to 29,000 by the end of fiscal year 2014. According to a Bloomberg report, a regulatory filing today revealed the increased number of layoffs. Back in May, HP announced that it had begun a restructuring …

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St. Jude Medical Announces Layoffs & Reorganization

St. Jude Medical, a company that makes medical devices such as pacemakers and catheters, this week announced that the company will be reorganizing its product divisions into two units. The company also stated that it will “centralize” support functions such as human resources, IT, legal, and marketing. The move will result in 300 employees being laid off. “The reorganization we …

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Lexmark Ditches Inkjets, Lays Off 1,700 Worldwide To Cut Costs

I remember my family’s first Inkjet printer. It was a Lexmark and I was proud to own a piece of hardware designed in Kentucky. The era of inkjet printers from Lexmark ends today, however, as the company is selling off that part of the business. Lexmark announced today that they will no longer be involved with “the development and manufacturing” …

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OnLive Debt Revealed to be $30-40 Million

The OnLive reorganization and layoffs last week were bizarre. The company issued no official statements at the time of the incident, leaving it to Twitter to break the story and allowing confusion and seemingly conflicting reports to spread. What actually happened is, perhaps even more strange than the rumors first suggested. What happened, in short, is that OnLive filed for …

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Sony Mobile Announces 1,000 Layoffs

The late summer layoffs just keep coming. Sure, it was expected that RIM would be laying off many employees, but who saw the gutting of Motorola Mobility coming? Game companies have had it even worse than device manufacturers, though. PopCap apologetically announced layoffs earlier this week, and OnLive’s recent debacle is something to behold. Sony Mobile, Sony’s mobile phone division, …

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Sony Announces it Will Close Studio Liverpool

It seems to be that time of year in the gaming industry. It’s the calm before the storm of the holiday shopping season, and titles simply aren’t being released. Studio heads are no doubt looking through their accounts with gathering worry. Just in the past week, PopCap games has announced it is laying off 50 employees, and OnLive restructured its …

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PopCap Games Announces Reorganization and Layoffs

PopCap today announced that it has begun a reorganization of its studios that includes a “reduction in force” in North America. More specifically, around 50 employees, most from the PopCap headquarters in Seattle, will be losing their jobs. John Vechey, Popcap co-founder and vice president of corporate strategy and development, made the announcement with a post on the PopCap blog. …

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OnLive Re-formed as Half Its Staff is Re-hired

Just before the weekend began last Friday, rumors about OnLive began to leak out over Twitter. The convoluted story gleaned from OnLive employees was that the company was entering bankruptcy and that its entire staff had been laid off. The only thing OnLive would say about the turmoil inside the company was that the OnLive service would be continuing. It …

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OnLive Reported to Have Laid Off its Entire Staff [Rumor]

[UPDATE] Gamasutra is confirming that all OnLive employees have been laid off. [ORIGINAL] Today OnLive, the company that offers cloud-based, streaming gaming, was reported to have fired its entire staff. The company has denied that the OnLive service is shutting down, but confusion continues to swirl about whether employees were let go. Word of the layoffs first came from industry …

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Google Announces 4,000 Motorola Mobility Layoffs

Late summer’s layoffs in the mobile sector are set to continue. Google has announced that it intends to layoff 4,000 Motorola Mobility employees – about 20% of its entire workforce. According to a form 8-K filed earlier this month with the U.S. Securities and Exchange Commission (SEC), two-thirds of the layoffs will come from outside the U.S. There are also …

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3,000 RIM Layoffs Coming Next Week

Today it was revealed that Research in Motion (RIM), the company behind the BlackBerry line of products, will be laying off 3,000 employees starting next week. Boy Genius Report (BGR) cites unnamed source in its report, which states the layoffs will take place over the coming weeks. BGR’s source stated that “people are terrified” and that some are even packing …

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