eBay’s Stock Takes Massive Tumble, Company Axes 300 Employees

This is not a good week for eBay. The company’s stocks took a massive tumble a day after revealing that it was slashing about 300 jobs in the Bay Area. eBay informed the Employment Development Department of California of its…

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:…

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…

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…

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…

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…

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…

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…

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…

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…