All Posts Tagged Tag: ‘Restructure’

Microsoft Restructuring Plan Could be Unveiled on Thursday

Earlier this month, Microsoft’s Don Mattrick, president of the Xbox division, left the company to become the CEO of struggling mobile game developer Zynga. The move was quite sudden, with Microsoft left leaving CEO Steve Ballmer in charge of this fall’s launch of the new Xbox home console, the Xbox One. Though the reasons for Mattrick’s departure were the subject …

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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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Best Buy Cuts 400 Jobs as they Restructure

Best Buy Co. Inc. announced on Thursday that it will close 50 big box stores and eliminate 400 positions. By the fall, Best Buy’s “big-box stores in the Twin Cities will either be closed — or shrunk and renovated.” The corporation is trying to reduce costs by about $800 million and adjust to a changing marketplace by reducing the size …

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Cox Media Changes-Up Their Leadership

Cox Media Group (CMG) announces some new faces in leadership roles and some familiar faces changing roles. Effective ASAP Neil Johnson, formerly Executive Vice President and Chief Financial Officer will now take the reigns of executive vice president of Strategy and Digital Innovation. CMG President Doug Franklin commented on the change: “Focus in the areas of strategic development and digital …

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