Topic / Layoffs

AOL to sack up to 1,200 employees

By on

AOL has announced that it will be laying off 1,200 employees as it failed to meet its target of 2,300 – or a third of total employees in the company – in reducing its workforce, as many refused to accept buyouts. According to spokeswoman Tricia Primrose, only 1,100 volunteered to leave the company. The cuts affect both its US and European operations; and layoffs are set to start today, though […]

MySpace starts its layoffs

By on

MySpace is said to have let go up to 45 employees from the company, with sources saying that the figure might be smaller, according to TechCrunch. MySpace has refused to comment on the matter, and did not say if was from a cancelled project, just general layoffs or performance-based cuts. This comes as its CEO, founder Chris DeWolfe, departed from the company and it brought in a new executive team […]

Report: Embattled Yahoo to plan more layoffs

By on

Yahoo is said to be planning a new round of layoffs from the embattled company, the first for the new chief executive Carol Bartz, who succeeded co-founder Jerry Yang (who remains in the company as “Chief Yahoo”), according to the New York Times, quoting unnamed sources. The layoffs could be announced as early as Tuesday, when Yahoo is expected to report its first quarter results for this year (Q1 2009), […]

Google to cut 200 jobs from sales

By on

Google, the number one search engine and search advertising company in the United States, has said that it will be axing 200 jobs in its sales and marketing team after it had over-invested in certain parts of the Silicon Valley-based company. “Making changes of this kind is never easy—and we recognize that the recession makes the timing even more difficult for the Googlers concerned,” Omid Kordestani, Senior Vice President for […]

Microsoft says sacked employees got overpaid, wants it money back

By on

After sacking over 1,400 employees just a month back, it has now said that it has overpaid their severance pay to those who got fired and now has asked that those who received them pay back the money due within fourteen days, according to TechCrunch. It is also reporting that several have been underpaid as well, all because of an “inadvertent administrative error”, Microsoft wrote in a letter. Microsoft hasn’t […]

Motorola’s layoffs may see shift away from Windows Mobile

By on

With Motorola eliminating 4,000 jobs after posting a loss in the fourth quarter of 2008, as holiday sales plummet more than 50 percent from a year earlier, there might be signs that Motorola may be shifting away from using Windows Mobile as the OS for many of its smartphones, according to the Wall Street Journal. There have also been signs, with the recent cuts happening to more than 70 employees […]

AOL axes 10 percent of staff, “refocusing” on new structure

By on

Time Warner’s online arm AOL is set to cut 10 percent, or 700 workers, of its 7,000 employees around the world as its starts to see a fall in advertising revenue and “because of recent structural changes made to refocus the once-mighty service”, according to AllThingsD’s Kara Swisher. While the reduction will take place in several quarters, most of the cuts will be in the United States and are expected […]

Sprint Nextel to axe 8,000 jobs to save $1.2 billion

By on

Sprint Nextel, the company which will bring out the Palm Pre in the US, has said that it will axe 8,000 positions, or 14 percent of the company’s workforce, to make savings of $1.2 billion annually, and will expect most of the job cuts be done by March 31. The plan also includes 850 positions to be eliminated under a “voluntary separation plan” that was started last year. The job […]

Steve Ballmer’s e-mail to Microsoft employees about layoffs

By on

Microsoft recently announced that it will axe 5,00 jobs at the company, with 1,400 of those announced jobs cuts being axed today. Steve Ballmer sent this letter out to the employees at Microsoft detailing the layoffs, and the company’s performance. In response to the realities of a deteriorating economy, we’re taking important steps to realign Microsoft’s business. I want to tell you about what we’re doing and why. Today we […]

Microsoft posts disappointing results, axe 5,000 jobs

By on

Microsoft has announced that it will axe 5,000 jobs, or 5 percent of its workforce, after posting revenue of $16.63 billion, or $0.47 per share. It also announced that it will cease giving forecasts for its earnings for the rest of the year due to the current economic climate. People in research & development, marketing, sales, finance, legal, human resources and IT will be axed; though it is not known […]

Google cuts jobs, culls Jaiku, Dodgeball

By on

Google has announced that it will axe 100 jobs from the company, mainly from its recruitment staff; and will also shut down three engineering offices and close several projects as the recession that plagues the world is taking its toll on the internet search engine giant. Offices in Norway, Sweden and in Texas, USA will be shut down; as the company looks to store up cash so it can continue […]

Motorola to axe 4,000 staff in 2009 – brings total to 7,000 job cuts

By on

Motorola has said that it will be laying off 4,000 workers in 2009, with most of the cuts (3,000) coming from the failing mobile phone division. These are expected to begin immediately, and come on top of the 3,000 job reduction that was announced during Q4 2008. Motorola has been in trouble for sometime now. While it has had profitable areas, all of them have been drag down because of […]

Times of London – Sony “on the brink” to make drastic cuts

By on

Sources telling the Times of London have said that Sony “is on the brink" of a corporate overhaul that could see job cuts, several factories closing and changes to the manufacturing and management process; even though the company told Reuters that no plan existed. “We do not plan to announce additional restructuring measures at this time," a spokesperson told Reuters. “We don’t have any such plan.” The restructuring – with […]

Microsoft plans to cut costs, says huge layoffs “grossly exaggerated”

By on

According to a report made by CNBC, Microsoft is set not to make any layoffs in 2009, but instead embark on a significant cost-cutting initiative, rumoured to begin as early as this month, to offset a slowdown in sales around the world. Sources, talking to Jim Goldman from CNBC, have also said that Microsoft will cut costs by not renewing contract employees and through “attrition”. It has also laughed off […]

More rumours on Microsoft layoffs – may see 17% of entire workforce fired

By on

RUMOUR MILL : After breaking the news that Microsoft is rumoured to start making some staff redundant (ironically, on Christmas), a new report has put in some numbers on the rumoured layoffs that are said to be happening on January 15. According to Fudzilla, the Redmond-based company is said to axe 15,000 people from its 90,000 people workforce, or 17 percent of its entire workforce, worldwide. So far, no division […]