layoffs
HP begins layoffs in its Palm business unit
Well, we can’t say we didn’t see this coming. HP has started to shed employees that were integrated into the company following the purchase of Palm. HP has laid off around 100 employees at this time. According to AllThingsD, HP has laid off around 100 employees at this time.
Microsoft gives out 3,000 pink slips in their second wave of job cuts
Yesterday, Microsoft let go more than 3,000 of its staff, almost double the amount that it laid off during their first wave of job cuts back in January. During that time, Microsoft had said that they planned to lay off 5,000 employees in order to stay afloat during the recession. This number has almost been more »
Report states more than 84,000 tech jobs were lost last quarter
A new report from the outplacement firm Challenger, Gray & Christmas has released figures that show that 84,217 people were laid off from the tech sector last quarter. This figure is five times the amount that was reported the previous year. The layoffs were also up 27 percent from the last quarter of 2008 and more »
IBM to lay off more workers in their US based operations
According to the Wall Street Journal, IBM will be sending out another slew of pink slips, this time targeting their global business services department. The IBM employees’ union sent out a warning to workers that the layoffs are expected to be handed down as early as tomorrow. This latest round of layoffs comes only a more »
Sony executives no longer being held in plant
Sony executives who were being held by workers in France have been released. The workers were upset about the closing of their plant. The head of human resources, Roland Bentz, and CEO of Sony France, Serge Foucher, were being held because the workers were unhappy with Sony’s severance package. The executives have not been able more »
AOL employees get pink slips
Beginning yesterday, AOL employees based at the company’s Virginia headquarters began receiving emails telling them their presence was required at an important meeting today. Once they arrived, they were fired. The company is making good on its announcement in January that it would lay off 700 employees, blaming a weakening online advertising market. “The deepening more »
More doom and gloom from Panasonic and Best Buy
The global economic crisis continues to cause job loss throughout the world. Panasonic announced it will cut 560 jobs in Asia, and Best Buy will layoff an undisclosed number of workers at its corporate office. The announcements come on the tail of massive cuts on Monday by Texas Instruments and other tech giants.
Panasonic’s cuts come from two factories in Asia. The company will close and electronics parts plant in Malacca, Malaysia, leaving 500 without jobs. The other 60 will come from cuts at a battery factory in the Philippines. The company also announced it will merge two plants in Selangor, Malaysia in September. The merger will cause further job cuts, though Panasonic declined to speculate on the number. Further cuts may come as Panasonic completes its takeover of Sanyo Electric Co.
AOL plans to let go 700 employees
AOL has sent out a companywide e-mail to announce plans to lay off approximately 10 percent of its workforce. The job cuts will continue through March and are part of the company’s recession survival plan. Along with the job cuts, none of the current AOL employees will be receiving merit raises over the course of the year.
Besides layoffs, AOL will consolidate a number of its major departments into a single unit. During this period, the company will spend funds focusing on its three major businesses: Platform-A advertising, People Networks social networking, and MediaGlow content.
Texas Instruments drops 3,400 employees
Monday, January 26, 2009 may earn the name Black Monday as over 40,000 people were told they were losing their jobs as several large corporations cut labor forces in an increasingly weak economy. Global technology company Texas Instruments was one of those companies, cutting 1,800 workers and 1,600 jobs that will be vacated by voluntary retirement.
Most of the jobs will come from internal support functions according to TI chairman, president, and CEO Rich Templeton.
WinMo to remain on Moto
While it looked like Motorola was going to drop Windows Mobile support by letting go of 77 Windows Mobile developers, that’s not the case. A Motorola spokesperson stated that Motorola will still back Windows Mobile. Those future Android Moto phones will still have Windows Mobile company.
The 77 weren’t the only people let go; Motorola laid off 3,000 people from its mobile devices division in total. Like so many companies, Motorola has been hit hard lately. Motorola took itself from irrelevance to superstar with phones like the Razr. Who knows where they would have been if the original Moto Rokr, its collaboration with Apple, did not flop.















