RUMOUR MILL : Microsoft is rumoured to start making some of its staff redundant on January 15, after MiniMicrosoft is reporting on snippets of reports discussing of internal reorganisations amid budget cuts at the company. The blog, run by an anonymous employee of Microsoft, are saying that staff are being called into “meetings and interrogations about the work they are doing”, setting impossible tasks and asked to account for their […]
Yahoo has today begun giving out the pink slips to many of its employees who are affected by the 10 percent job cuts , most of them over at Yahoo’s US operations, according to the company. The cuts, according to its spokesperson, said that the cuts are from a number of areas within Yahoo, but did not mention which area got most of the cuts. This is part of a […]
Sony has axed 8,000 jobs, or 4 percent, of its entire work force around the world in order to make savings worth US$1.1 billion a year because of the global economic crisis and a stronger yen that batters profits for the PlayStation 3 maker. Employing 185,000 people, the layoffs will be completed by the end of March of 2010. It is unknown which country will receive most of the cuts, […]
Adobe has announced that it is now expecting that per-share earnings will be between 45 and 46 cents, based on its current outlook on revenue of $912 million to $915 million on the three months that ended on November 28; with expectations of a shortfall on revenue in the current quarter, with revenue expectations in the range of $800 million to $850 million. In its response to this, it has […]
Nick Denton has laid off more people over Gawker Media, publishers of Gizmodo and the Kotaku, even though ad revenues for the company climbed to 39% over last years result, with 20% coming from Google ads from each site’s search result – according to a report on The Silicon Alley Insider. Media Bistro broke the news early today, with cuts coming from its popular blogs Gawker, Gizmodo and Jezebel; with […]
According to a report by Shacknews, THQ will be sacking 17 percent of its entire studio staff – or 250 people (approx.) – under a new “strategic plan", which would also see the firm focusing on “fewer, higher quality titles.” This comes as news that it would shutdown five internal game studios, including Mass Media, and Paradigm. As well, it will cancel several titles under development, but were not announced […]
Nokia has announced that it would close its plant in Turku, Finland; and it will redeploy the 600 staff in the plant to its Salo plant or near its site near the capital in Helsinki. It will also announced a “sharpened focus” that would see 130 staff in its research and development department, plus another 35 staff in operations, at risk of being fired. Source: The Register
After breaking news that Circuit City will be shutting down 155 stores in the US, today we find out the stores that will be shutting down by the end of this year. The stores shutting down are located in 55 US Media markets, and it will exit 12 of them. According to Engadget, the stores shutting down will begin their “store closing” sales on November 5th (a day after the […]
According to anonymous insiders talking to several sites, Circuit City will be shutting down 155 stores, and will be withdrawing from 12 markets. However, the stores will not be announced until tomorrow at 8am. According to a posting on a Google Finance forum, all the 155 stores shutting down will be closing by December 31. “I’m an employee @ Circuit City and today there was a mandatory store meeting for […]
Motorola, the makers of the popular RAZR phone line, has announced that it will be axing 3,000 people in 2009 to make savings up to US$800 million, with many of the cuts affecting two-thirds of employees in its handset division. The layouts, according to ComputerWorld, will happen across its operations around the world, and across all of its businesses. The reasoning for the major cuts in its handset division is […]
Game publishing giant Electronic Arts (EA) will implement a cost reduction plan that will result in 600 people losing their jobs in the company, or around six percent of EA’s entire workforce. This was announced after a losses from the company increased from $195 million last year to $310 million this quarter ending on September 30. However, its not all bad news for the company. Titles like Maddern NFL 09, […]
The Australian is reporting that Yahoo7 has begun sacking its workers, with a number of employees being made redundant immediately. A spokesperson for the company has confirmed the news, but did not mention on an specific number. One report, made by News.com.au (owner of The Australian), would cut as many as 20 jobs, or 10 percent of its entire workforce. “These changes resulted in a select number of staff exits […]
Revision3, producers of Diggnation and Tekzilla, has announced that it would be laying off staff and axing three shows from its lineup because of the current economic climate in the US. The shows being axed are Internet Superstar (hosted by Martin Sargent), popSiren (hosted by Sarah Lane) and Pixel Perfect (hosted by Bert Monroy). While internet Superstar and popSiren were axed over low viewership; Pixel Perfect was axed because executives […]
Yahoo has said in its earnings call that it will axe 10 percent of its 15,000 employees in the company, or 1,500 employees, after the current financial crisis saw its share fall and loss revenue from last year, plunging to a 64 percent loss in profits. The cuts are expected to over $400 million from its $3.9 billion expenditure so it could keep going during the crisis. The job cuts […]
It seems that people may start hating Optus now, well – most from their engineering and technical division anyway. Optus has announced that 115 jobs from that division will be cut, resulting in a restructure of the division. This comes after Optus reviewed the performance of the division somewhere in August. “As a result of the review and restructure there will be a reduction in headcount through contractor terminations, redundancies […]
