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,…

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…

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…

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…

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…

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…

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…

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…

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,…

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…