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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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According to the latest news on the Web, Motorola is trying to prevent Research in Motion from hiring its employees, who either have been fired or are about to be. The report says that RIM, the manufacturer of Blackberry, has started legal action against Motorola, regarding the issue of the former hiring ex-employees... |
30 December 2008
04:31 GMT |
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The Sunnyvale, California-based chip maker, Advanced Micro Devices, appears to be ending 2008 with a fresh new round of bad news, as the company is expected to lay off more of its employees, according to a recent filing with the Securities and Exchange Commission. The chip maker also announced that it would incur $70... |
30 December 2008
03:50 GMT |
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As most of you are probably aware, Motorola isn't at the top of its game, losing precious ground in the mobile department every day. Since the company is having problems in other areas too, the decision that Motorola is implementing is an extremely harsh one. The main idea is that it will freeze its pension plan... |
18 December 2008
10:11 GMT |
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It appears that the worldwide low economy is continuing to make victims among major IT industry companies, as Sun Microsystems has just announced that it plans to lay off 15 to 18 percent of its global workforce, as part of a restructuring plan. People that are to leave the company include the company's executiv... |
14 November 2008
10:31 GMT |
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Rumors that IAC will cut down some 100 jobs at Ask.com were not totally false, but completely exaggerated the number. Only 40 people were let go, making up for 8 percent of the search engine's work force. The shovel in the forehead that nobody saw coming, though, was the announcement that Ask.com will change its... |
5 March 2008
04:26 GMT |
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