Blockbuster Closing 300 More Stores in the U.S.

As media consumption shifts to streaming and downloaded products, retailers of physical entertainment media are being forced to change rapidly or die ignoble deaths. At the same time that Blockbuster U.K. has entered administration (bankruptcy) and announced 160 of its…

StumbleUpon Cuts 30% Of Staff, All Company Areas Affected

StumbleUpon has laid off 30% of its staff, as reported earlier by TechCrunch, who interviewed CFO and interim CEO Mark Bartels. The company has been reduced to 75 employees (down from 110). StumbleUpon’s Mike Mayzel tells WebProNews, “StumbleUpon is restructuring…

Developer Eurocom Shuts Down in Wake of 007 Legends Failure

Following the release of the poorly-reviewed and all-around dismal failure 007 Legends, developer Eurocom has laid off its 42 remaining employees and ceased trading on its stock. An Administrator from Smith Cooper has taken control of the company. Eurocom issued…

PayPal Cutting Jobs, Following Up On Previously Announced Reorganization Plans

There have been reports about PayPal laying off part of its staff, and now the company has come out and confirmed 325 layoffs in a blog post. The post points to another post from June, when President David Marcus discussed…

Zynga Laid Off Over 100 Employees During The Apple Event

Apple took over the Internet news cycle today with the announcement of the iPad Mini. The news would obviously drown out anything else, including mass layoffs at one of the largest social game developers in the world. Nobody would be…

PopCap Shuts Down Its Dublin Studio

One month ago, it was announced that PopCap games would be reorganizing its studios and laying off employees. At the time, it was stated that around 50 employees, mostly from PopCap headquarters in Seattle, would see layoffs. PopCap co-founder John…

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…

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…

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…

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…