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Home > News > Tags > layoffs
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Video game publisher THQ has announced, via a regulatory filing, that it will be laying off about 240 employees in the coming months while Brian Farell, who is the current chief executive officer at the company, will agree to take a pay cut of 50 percent to his base salary. The 240 people to lose their jobs are link... |
2 February 2012
10:14 GMT |
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Microsoft is reportedly set to send home a great deal of employees in the next weeks, in an attempt to cut down expenses.
A recent report on Bloomberg suggests that the Redmond-based company might give the pink slip to hundreds of its employees, and that the move will be made in the next 30 days.
ZDNet’s M... |
12 January 2012
10:12 GMT |
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The Guardian said that, according to inside sources, HP is about to truly and completely shut down the webOS division.
This isn't exactly a surprise, considering how it just exhausted webOS tablet supply and how the last webOS stores closed some time ago.
Then again, when HP said it would be keeping the ... |
29 October 2011
10:01 GMT |
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People who thought HP's sudden scrapping of the TouchPad project was mostly harmless because of how little the device lasted might be in for a surprise when they learn just what happened to the ones who were supposed to make said devices.
Many things were said about HP's recent decisions, like the PC sp... |
6 October 2011
10:12 GMT |
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Back in August, HP announced that they would discontinue any webOS hardware operations, a move that has already determined the company to send home some of the webOS developers that were no longer needed.
Today, the company announced that it would send home a number of people from the webOS team. Apparently, ove... |
20 September 2011
11:21 GMT |
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Even though some IT players are doing better than ever, Panasonic is one of those that are not, to the point that, as revealed by certain reports, it intends to reduce its workforce by the thousands.The past quarter most definitely left some companies with grins of glee, while others were forced to acknowledge diffi... |
28 April 2011
08:02 GMT |
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Today, Espoo, Finland-based mobile phone maker Nokia unveiled plans to give the pink slip to a number of 4,000 people, as part of its latest restructuring initiative. By the end of 2012, the company's worldwide workforce, which includes 65,000 employees, would be impacted by said layoffs, which would occur in v... |
27 April 2011
05:31 GMT |
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In an official announcement made recently, the largest contractor NASA is working with on the Space Shuttle Program (SSP) announced that it will lay off about 2,800 workers this year, as the three orbiters are being retired from active duty.
On Tuesday, April 12, NASA Administrator Charles Bolden announced the fin... |
16 April 2011
04:10 GMT |
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More bad news at MySpace, the company is getting another massive round of layoffs, to be announced tomorrow. Already, many of the social network's employees, especially overseas, have been cut in the last couple of years. MySpace is now expected to shed some 550 to 600 employees, out of an 1,000 total. Again, th... |
10 January 2011
09:59 GMT |
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Yahoo is confirming the latest round of layoffs at the company. While the number of people being let go is actually a bit smaller than anticipated, it's still a big round. Yahoo says about 4 percent of the company's staff, roughly 600 people based on the latest employee numbers from Yahoo itself.Apparently,... |
15 December 2010
06:09 GMT |
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The Yahoo layoffs we've been hearing about are coming as early as tomorrow. Five percent of Yahoo's workforce is to be let go, about 650 to 700 people, mostly in the US and from the product division. The notifications are to be send out tomorrow and the layoffs are effective immediately. News of the layoffs... |
14 December 2010
05:40 GMT |
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Yahoo is preparing for a rather significant round of layoffs. While the rumored figures vary, the number of people let go will be at least several hundred. The initial rumors said 20 percent of staff was to be let go. Yahoo denied the figure and later reports put it at 10 percent of employees only in the product divi... |
12 November 2010
04:50 GMT |
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Digg's new CEO Matt Williams certainly doesn't have the easiest job in the world. Coming in just as Digg was dealing with a pretty much failed revamp, his job seems to be cleaning up the mess he didn't make. One of the first big moves since taking over the company is laying off 25 employees, or about 3... |
26 October 2010
04:50 GMT |
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Pirates of the Caribbean: Armada of the Damned has been canceled, as Disney confirms that the whole project was scrapped and the development studio, Propaganda, will employ major layoffs today.Pirates of the Caribbean: Armada of the Damned was set to use Disney's blockbuster franchise to push a whole new type of... |
15 October 2010
02:20 GMT |
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While officials in Washington celebrate the signing of the new NASA authorization bill into law, things are not so merry for the 877 United Space Alliance workers who have just lost their jobs because of it.The workers, which were also joined in getting fired by 200 other contractor employees, are the first wave of l... |
12 October 2010
02:21 GMT |
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A new research carried out by Marybeth Mattingly and Kristin Smith from the Carsey Institute concluded that during recession periods, women enter the workforce if their husbands become unemployed.Given the recent recession, in the world and in the United States, many companies laid off thousands of people, complicati... |
14 September 2010
09:13 GMT |
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Yahoo is still trying to find its ‘essence’ and one thing is for sure, search isn’t it. The company has said as much with CEO Carol Bartz going as far as claiming that Yahoo was never about search. That’s a bit of history rewriting, but one thing’s for sure, the company is searching for ... |
8 June 2010
09:57 GMT |
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Digg has been seeing some changes lately and they’re not the much-awaited and delayed redesign, unfortunately. A month ago, long-time CEO Jay Adelson was more or less ousted from the company he co-founded with Kevin Rose, which took over his role. He was quick to make a few changes, but this latest one may not ... |
7 May 2010
04:35 GMT |
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Take Two, the company best known for publishing series such as Grand Theft Auto and BioShock, has vehemently denied that it has laid off any people that are working directly at the studio level to create new videogames. The company is saying that reports in various media outlets are erroneous and that the only staff ... |
5 February 2010
02:59 GMT |
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While most of the financial shock that the gaming industry suffered came to an end along with 2009, at least one major company in the business is still trying to patch its gashing wounds. Edge Online reports that Namco Bandai is facing serious financial difficulties and is forced to take severe actions. And, as alway... |
3 February 2010
02:41 GMT |
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AOL is moving forward with the massive layoff plans it has been preparing for months now. Project Everest, as it is being referred to internally, has been in the making since shortly after Tim Armstrong took over the company. The first major wave came late last year when AOL asked employees, which were offered buyou... |
12 January 2010
07:21 GMT |
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Electronic Arts isn't the only huge game company to feel the sting of the financial slope. Square Enix is also experiencing some troubles, and, just like EA did with its smaller studios, Enix has begun to cut down on its ties. The company feels like it would be a little bit too much to start chopping away at the... |
27 November 2009
03:06 GMT |
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Espoo, Finland-based mobile-phone maker Nokia announced today that it would continue its efforts to align its research and development (R&D) operations to its already-announced portfolio of future products, and that these efforts would include the reduction of its R&D activities in Japan. According to the company, th... |
24 November 2009
18:11 GMT |
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There are a lot of things happening at AOL as the once mighty Internet giant is going through some pretty tough restructuring. It's about to get separated from Time Warner as an independent company listed in the stock market. It's also trying to get rid off any business not crucial to its operation. And no... |
19 November 2009
11:01 GMT |
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Electronic Arts isn't the only one that has started firing its people. The gaming industry that was supposed to be recession-proof is beginning to feel the effect of the global financial crisis more and more. The money-shortage has spread to all four corners of our near-spherical Earth and it has even reached th... |
19 November 2009
05:08 GMT |
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The tech sector is going through some rough times and it looks like the layoff season is in full swing. After job cuts at big companies like Microsoft, EA, or AOL, it's time for software giant Adobe to trim its workforce by a significant number. The company has revealed in a SEC filing that it will lay off abou... |
11 November 2009
04:28 GMT |
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Mobile phone carrier Sprint Nextel announced on Monday that it planned on operating a series of internal and external labor cost reductions. According to the company, the move includes the layoff of a number of approximately 2,000 - 2,500 employees in the fourth quarter of this year, something that should enabl... |
10 November 2009
14:31 GMT |
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The expected layoffs at AOL are beginning today with a first small salvo. About 100 AOL employees will get the axe today as the company prepares for its spin-off from Time Warner and another massive wave of firings to come in the not-so-distant future. This is the first step of “Project Everst,” an effort... |
10 November 2009
10:29 GMT |
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Leading infrastructure service provider Nokia Siemens Networks has announced today that it plans to improve its financial performance and to return to growth. According to the company, the plans include reorganizing its business units, cutting operational expenses, reducing personnel, ongoing purchasing savings, expa... |
3 November 2009
09:22 GMT |
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Sun is going from bad to worse as it waits for the acquisition go-ahead from the European Union's competition regulators. The company has been losing customers and the potential revenue for months now and it's only getting worse, leading to it having to lay off some 3,000 employees, roughly 10 percent of it... |
21 October 2009
07:09 GMT |
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AOL is starting what looks to be a massive restructuring campaign. Several months after Tim Armstrong was brought in as CEO he finally got around to doing some changes in the company's lineup and he's starting at the top level, ousting Chief Operations Officer Kim Partoll and Senior Vice President of Search... |
16 September 2009
08:18 GMT |
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These seem to be tough times for all videogame developers. Raven Software, which has put together the newest Wolfenstein title, has announced layoffs amounting to around 60 people, and now Maxis, the Electronic Arts subsidiary in charge of creating last year’s Spore and this year’s The Sims 3, is said to ... |
27 August 2009
12:41 GMT |
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MySpace isn't doing so great lately. Sure, it's raking in the cash for the time being, but it has fallen way behind Facebook, not to mention Twitter, in buzz and popularity. The fact that Facebook has just recently become the biggest social network in the US isn't helping either. And now the company wi... |
12 June 2009
08:50 GMT |
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Over the past couple of months, the abysmal state of the US economy has gradually began to recover, as the stimulus measures employed by president Obama and the federal government slowly began to go into effect. For the last month, employees only cut 345,000 jobs, which is less than the previsions made by officials f... |
5 June 2009
10:28 GMT |
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Seagate, one of the world's leaders in the computer storage market, has announced today new restructuring plans that are meant to reduce the company's operating costs and enable a positive end of its fiscal 2010 year. According to a recently-released statement by the Scotts Valley, California-based company,... |
13 May 2009
10:06 GMT |
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Finnish mobile phone maker Nokia announced today its plans to focus on the strategy of its services unit so as to be able to simplify and enhance the user experience with its services, while also opening new opportunities for third parties. In addition, the company is set to switch its focus to fewer initiatives, whi... |
28 April 2009
11:29 GMT |
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It seems that the largest mobile phone maker in the world, Nokia, is on its way to operate even more job cuts during the following months. The Finnish company already announced a few weeks ago plans to cut its costs this year, and the new series of layoffs is stated to be part of said plans. Nokia announced on Tues... |
17 March 2009
06:22 GMT |
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We live in some very tough times, as more and more companies, regardless of their area of expertise, are affected by the worldwide recession, which is taking its toll on all industry segments. Although some analysts figured that the gaming branch of entertainment would come out relatively safe, things didn't wor... |
4 March 2009
13:11 GMT |
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According to the latest news on the Web, Vodafone Group Plc, a leading mobile phone company, might soon announce hundreds of job cuts in the UK, a move that would help the company reduce costs and also protect its earnings throughout the economic slowdown. The info seems to come from two industry sources that are clo... |
23 February 2009
10:14 GMT |
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Nokia announced that it planned to continue its move to increase cost-efficiency and adapt to the market situation, and that it would close its mobile devices R&D site in Jyvaskyla, Finland, and concentrate on its sites in Tampere, Oulu, Salo and the Helsinki metropolitan area. At the same time, the company further a... |
12 February 2009
08:22 GMT |
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Motorola has been reported recently to cut more jobs from its Mobile Division, among which 77 employees are from the Windows Mobile development team working at the company's Plantation, Florida facility. The layoffs were suggested as being an indicator of the fact that the mobile phone maker was on its way to le... |
28 January 2009
06:33 GMT |
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According to a recent article on the Associated Press, IBM is said to have cut thousands of jobs, without the company officially announcing any specific and official details. The layoffs are reported to be part of the company's ongoing plan to save costs amid the current low global economy.IBM is said to have cu... |
28 January 2009
04:21 GMT |
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According to the latest news on the web, Motorola has announced that it would lay off 77 employees from its Plantation facility in Florida by the end of the first quarter of the year. Moreover, it seems that “The company said it will no longer conduct new Windows mobile development at the facility,” repor... |
27 January 2009
09:41 GMT |
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In a recent announcement, Sony, one of the world's largest manufacturers of consumer electronics, said that it would post a record $2.9 billion annual operating loss, citing sliding demand and a stronger yen. With the statement, the company also provided details regarding the restructuring plans it would impleme... |
23 January 2009
11:00 GMT |
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We live in some very harsh economic times and the global recession is affecting almost everything around us. Despite analysts' optimistic claims that the crisis won't affect the gaming industry and that everything will be alright, we've already seen a lot of things happen in this field of entertainment... |
23 January 2009
02:21 GMT |
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Microsoft won't be hitting the 100,000-worker milestone in 2009 as the company could have managed, taking into consideration its year-on-year headcount growth. Furthermore, the Redmond company will in fact take drastic measures attempting to minimize the impact of the global economic crisis, and reduce the numbe... |
22 January 2009
09:59 GMT |
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Following reports that the company will be required to announce its first loss in 21-years of profitability, Intel announced yesterday that it planned to start a restructuring plan that would include some of its manufacturing operations, in an effort to counteract the effects of the global low economy. The company is... |
22 January 2009
04:19 GMT |
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Motorola Inc. is reported to plan on cutting 4,000 more jobs as a result of lower device shipments caused by weakening demand in the market. The U.S. second-biggest seller of handsets seems to be greatly affected by the global economic recession, as this is the second wave of layoffs announced during the past three m... |
15 January 2009
05:40 GMT |
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Seagate, the world's largest hard-disk drive manufacturer, is expected to announce a 10 percent workforce reduction, as part of the company's new restructuring program, according to a Seagate executive. The drastic measure comes as a response to the weak market demand, which has made the storage maker see l... |
12 January 2009
11:04 GMT |
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According to the latest news on the web, Motorola is preparing a large number of layoffs as soon as this week. It seems that sources familiar with the company's plans have stated that the handset division will suffer a massive workforce reduction, as nearly 50 percent of the employees might be given the pink sli... |
12 January 2009
06:21 GMT |
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