JOB CUTS

  • Yahoo lays off hundreds of employees in India October 8, 2014

    San Francisco: Yahoo is reducing the size of its operations in Bangalore, India, the Internet company's largest engineering facility outside its California headquarters. The company said in a statement on Tuesday it was consolidating "certain teams into fewer offices" in Bangalore, but that it would continue to have a presence there. The...
  • Angry Birds maker Rovio to cut up to 130 jobs October 3, 2014

    Helsinki: Finnish mobile games maker Rovio, owner of the Angry Birds brand, plans to cut up to 130 jobs in Finland, or 16 per cent of its workforce, saying growth has not been as strong as expected and it needs a simpler structure. Aiming to become an entertainment brand on a...
  • Memo from Microsoft Executive VP Stephen Elop announcing job cuts July 18, 2014

    Microsoft Executive Vice President Stephen Elop sent employees of the company's devices business a memo detailing its job cut plans. Microsoft said it would cut up to 18,000 jobs over the next year, with about 12,500 related to Microsoft's acquisition of Nokia's phone business in April. Elop was Nokia's CEO...
  • Memo from Microsoft CEO Satya Nadella announcing the largest job cuts in the company's history July 18, 2014

    Microsoft announced on Thursday that it will cut up to 18,000 jobs, or about 14 per cent of its staff. CEO Satya Nadella, who took the job in February, delivered the news to staff in a memo that Microsoft released publicly. Here's the text of that memo: From: Satya Nadella To: All...
  • Microsoft to cut up to 18,000 jobs, to half the size of its recent Nokia acquisition July 17, 2014

    Seattle: Microsoft Corp said on Thursday it would cut up to 18,000 jobs, or about 14 per cent of its workforce, as it halves the size of its recent Nokia acquisition and trims down other operations. The company said it will take pretax charges of $1.1 billion to $1.6 billion for...
  • Microsoft expected to announce thousands of job cuts on Thursday July 17, 2014

    Seattle: Microsoft Corp is set to cut more than 6,000 jobs in an announcement expected early Thursday, according to sources familiar with the matter, as it trims its newly acquired Nokia phone business and reshapes itself as a cloudcomputing and mobilefriendly software company. What could be the deepest job cuts in...
  • Microsoft expected to announce its biggest ever job cuts July 15, 2014

    Microsoft is planning its biggest round of job cuts in five years as the software maker looks to integrate Nokia Oyj's handset unit, Bloomberg reported, citing people with knowledge of the company's plans. The reductions, expected to be announced as soon as this week, could be in the Nokia unit and...
  • HP may cut up to 16,000 more jobs May 23, 2014

    San Francisco: HewlettPackard plans to cut as many as 16,000 more jobs in a major rampup of CEO Meg Whitman's yearslong effort to turn around the personal computer maker and relieve pressure on its profit margins. Whitman said the turnaround remained on track and her raised target reflected how HP continued...
  • Intel to cut more than 5,000 jobs in 2014 January 18, 2014

    San Francisco: Intel plans to trim more than 5,000 jobs from its workforce this year in an effort to boost its earnings amid waning demand for its personal computer chips. The Santa Clara, California, company confirmed the job cuts Friday, the day after Intel Corp. reported its profit and revenue had...
  • HP confirms higher layoffs; 5,000 workers expected to lose jobs by Oct 2014 January 1, 2014

    Palo Alto: Personal computer giant HewlettPackard Co. has confirmed that it expects layoffs at the upper end of a range that it outlined earlier this year, with 5,000 more workers than originally planned expected to lose jobs by October 2014. The company said in a securities filing Monday that "continued market...
  • AlcatelLucent plans layoff, to cut 10,000 jobs worldwide: Reports October 8, 2013

    Paris: Telecom equipment maker AlcatelLucent plans to reduce its staff by 10,000 as part of a costcutting drive to save 1 billion euros ($1.4 billion) by 2015, Les Echos and Le Figaro newspapers reported on their websites on Monday. The group, which employs 72,000 staff worldwide, will axe 15,000 posts but...
  • Toshiba to cut 3,000 staff in ailing TV division September 30, 2013

    Tokyo: Toshiba Corp said on Monday it would cut 50 per cent of staff in its lossmaking TV unit and cease production at two of its three overseas factories before the end of this fiscal year. Toshiba said it would increase outsourced production to 70 per cent from 40 percent and...
  • Google's Motorola aims to hire Blackberry employees September 28, 2013

    Toronto: With Blackberry Ltd shedding staff in its hometown of Waterloo, Ontario, other tech companies, including Google Inc's Motorola Mobility unit, are moving to take advantage of a growing pool of local talent. Motorola Mobility said on Thursday it plans to set up a new hub in Waterloo, located about an...
  • BlackBerry plans job cuts, could cut 40 per cent of workforce: Report September 19, 2013

    New York: Struggling smartphone maker BlackBerry could cut its workforce by up to 40 per cent by the end of the year, The Wall Street Journal reported Wednesday. Citing unidentified people familiar with the matter, the newspaper said that the Canadian company plans to make the cuts through layoffs that will...
  • Tata Steel to shut UK technology centres, job cuts expected April 29, 2013

    London: Steel giant Tata Steel has reportedly warned the British government that it plans to shut down two research and development facilities in the country and shift them overseas including to India, resulting in 300400 job cuts in the UK. In a move that will be seen as a major...
  • United States: Coca-Cola to cut 750 jobs March 22, 2013

    New York: Coca-Cola says it's cutting 750 jobs in the US as it continues to streamline its business. The world's biggest beverage maker says the jobs cuts will be across the board and that affected individuals will be notified in coming weeks. The cuts represent roughly 1 per cent of the...
  • Barclays likely to cut jobs, costs in overhaul plan February 12, 2013

    London: Barclays' new boss is expected to shrink his investment banking and European operations and stop activities that could damage the troubled British bank's reputation as part of a revival plan to be unveiled on February 12. Chief Executive Antony Jenkins, a retail banker who was picked at the end...
  • Struggling Fujitsu to cut 5,000 jobs February 11, 2013

    Tokyo: Struggling Japanese electronics maker Fujitsu is slashing 5,000 jobs, or nearly 3 per cent of its global workforce, as it seeks to boost profitability by reshaping its computerchip business and its overseas operations. Fujitsu said Thursday the job cuts will be completed by the end of this fiscal year next...
  • Nokia to cut over 1000 IT jobs January 17, 2013

    Helsinki: Finnish mobile phone maker Nokia said it will cut over 1000 IT jobs, including 820 employees who will transfer to HCL Technologies and Tata Consultancy Services, as part of an alreadyannounced restructuring. It said 300 jobs will be cut altogether, and that most of the reductions would be in Finland. The...
  • Morgan Stanley to cut 1,600 jobs to reduce costs January 10, 2013

    Morgan Stanley plans to cut 1,600 employees starting this week, two people familiar with the matter said on January 9, in the latest sign of a pullback on Wall Street as revenue from trading and dealmaking remains in the doldrums. The staff reduction pertains to Morgan Stanley's institutional securities unit...
  • Infosys to fire up to 5,000 workers: Reports January 4, 2013

    Mumbai: Infosys is planning to lay off up to 5,000 employees as the software services provider looks to cut costs and boost sales, The Economic Times reported on Friday. The report came as Infosys Ltd executive cochairman S Gopalakrishnan was quoted by other media reports as saying 2013 will be...
  • 10 global companies cut one lakh jobs in 2012 December 9, 2012

    New York: With an aim to save costs in troubled economic times, just 10 companies together have announced nearly one lakh job cuts worldwide since start of 2012 and they include giants like HP, Google and Citigroup. While these companies come from a wide array of businesses, the reason behind...
  • Panasonic prepares for garage sale, to axe 10,000 jobs November 14, 2012

    Kadoma: About a fifth of Panasonic Corp's 88 business units are losing money and only half so far meet a target for at least 5 per cent operating margin, the Japanese electronics group's finance chief said in an interview on Wednesday. Hideaki Kawai said the country's biggest commercial employer will...
  • Sharp may cut 5,000 jobs worldwide August 2, 2012

    Tokyo: Japan's Sharp Corp is considering cutting 5,000 jobs globally, or just under 10 per cent of its consolidated workforce, a source close to the matter said on Thursday. The job cuts will be sought through early retirement and will also include reductions resulting from a plan to hive off ownership...
  • Asia's investment banks launch round of job cuts June 25, 2012

    Hong Kong: Investment banks and brokerages across Asia have launched a sweeping round of job cuts as Europe's debt crisis and China's economic slowdown bite into the region's financial activity. Speaking to bankers and other industry sources, Reuters was able to confirm at least 50 people were let go in the...
  • HP may cut up to 1,000 jobs in Germany: Report June 24, 2012

    Berlin: Hewlett Packard, the world's largest personal computer maker, may cut as many as 1,000 jobs in Germany as part of planned Europeanwide redundancies, WirtschaftsWoche reported, citing an unnamed staff representative. HP is planning to cut about 8,000 positions in Europe by the end of 2014, the German magazine said, citing...
  • Struggling BlackBerry maker RIM begins job cuts June 21, 2012

    Toronto: Struggling BlackBerry maker Research In Motion said Wednesday it has started laying off employees as part of a restructuring plan aimed at saving about $1 billion this year. RIM said in May that there would be "significant layoffs" this year. On Wednesday, the Waterloo, Ontariobased company said it has "reduced...
  • Multinationals announce 71,000 job cuts globally June 17, 2012

    New York: A whopping 71,000 job cuts have been announced worldwide by more than a dozen multinationals, including HP and Nokia, so far this year as they attempt to save costs amid uncertain economic environment. The cuts have been announced by companies from various sectors, during the first six months of...
  • Nokia to cut 10,000 jobs globally June 14, 2012

    Paris: Lossmaking Finnish cellphone maker Nokia plans to cut another 10,000 jobs globally and warned the secondquarter loss from its cellphone business would be larger than expected. The cuts bring total planned job cuts at the group since Stephen Elop took over as chief executive in September 2010 to more than...
  • Yahoo CEO outlines new corporate structure April 11, 2012

    California: A week after announcing a painful round of job cuts, Yahoo CEO Scott Thompson unveiled a plan Tuesday that will reorganise the company into three main divisions focused on users, advertisers and technology. Thompson unveiled the plan at an "all hands" meeting for employees at the company's headquarters in Sunnyvale,...