Layoffs

  • Women and minority communities bear the burnt of layoff at workplace more, study says 29-03-2014 12:21 PM

    New York: Current corporate layoff practices focusing on positions and tenure, rather than worker performance are inimical to maintaining workplace equality, a new research has found. Women and people from minority communities bear the burnt of such downsizing polices -- reducing diversity at workplace, the study said. "Downsizing is increasingly...
  • HP confirms higher layoffs; 5,000 workers expected to lose jobs by Oct 2014 01-01-2014 10:48 AM

    Palo Alto: Personal computer giant Hewlett-Packard 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...
  • Alcatel-Lucent plans layoff, to cut 10,000 jobs worldwide: Reports 08-10-2013 09:40 AM

    Paris: Telecom equipment maker Alcatel-Lucent plans to reduce its staff by 10,000 as part of a cost-cutting 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...
  • US spy agencies face big layoffs in government shutdown 02-10-2013 10:30 AM

    More than 70 percent of the civilians working for US spy agencies have been deemed "non-essential" employees and face temporary layoffs due to the government shutdown that began on Tuesday, three officials familiar with the matter said. The agencies affected are the Central Intelligence Agency, the Office of Director of...
  • Toshiba to cut 3,000 staff in ailing TV division 30-09-2013 06:13 PM

    Tokyo: Toshiba Corp said on Monday it would cut 50 per cent of staff in its loss-making 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...
  • BlackBerry plans job cuts, could cut 40 per cent of workforce: Report 19-09-2013 11:23 AM

    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...
  • Microsoft axes freelancers, contract writers at MSN 13-09-2013 01:12 PM

    Seattle: Microsoft is laying off dozens of contract and freelance writers from its MSN news and entertainment portal as the giant software company seeks to reshape itself as a devices and services company. A spokesperson for the company confirmed the layoffs but declined to specify the number or comment further....
  • Struggling Fujitsu to cut 5,000 jobs 11-02-2013 11:24 AM

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  • Nokia to cut over 1000 IT jobs 17-01-2013 02:10 PM

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  • Panasonic prepares for garage sale, to axe 10,000 jobs 14-11-2012 05:51 PM

    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...
  • Adobe plans layoffs, overhaul to focus on digital 09-11-2011 07:45 AM

    San Jose: Adobe Systems Inc plans to lay off more than 7 per cent of its workforce and take a charge of up to $94 million as part of a restructuring to focus on core businesses such as digital media and marketing. The news, announced just months after the world's...
  • About.com lays off staffers; hires replacements 28-09-2011 09:41 AM

    Los Angeles: New York Times'- owned About.com has laid off 15 editorial staffers and will hire 10 replacements as part of a restructuring of the site's mission. Kristin Mason, a spokeswoman for the internet company, said that the company had not eliminated its entire editorial team as Business Insider reported....
  • YouTube to boost staff by 30 pct in 2011 11-03-2011 10:52 AM

    New York: YouTube, the popular video site owned by Google Inc, said on Thursday it is adding 200 jobs, boosting its staff by more than 30 percent in its biggest hiring year. In a blog posting, the company also said more than 35 hours of video are uploaded to its...
  • Nokia to cut 800 jobs in Finland 15-12-2010 03:12 PM

    Helsinki: Nokia, the world's top cellphone maker by volume, plans to cut 800 jobs in its home Finnish market, the STT news agency reported on Tuesday, citing labour sources. Nokia was not immediately available for comment. STT said the discussions between Nokia and its Finnish employee representatives began in October,...
  • Yahoo preparing to lay off 600 to 700 workers 14-12-2010 12:30 PM

    San Francisco: Yahoo Inc.'s holiday trimmings will include 600 to 700 layoffs in the Internet company's latest shake-up triggered by lackluster growth. Employees could be notified of the job cuts as early as Tuesday, according to a person familiar with Yahoo's plans. The person asked for anonymity because Yahoo hadn't...
  • MySpace to lay off 30 per cent of staff 17-06-2009 09:28 AM

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