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OCZ is axing 28% of its global workforce and 150 product variations
- Hoping to get OCZ back on track, newly appointed chief executive Ralph Schmitt has revealed plans to reduce costs and streamline the company's lineup. OCZ has repeatedly missed earnings expectations, including a $6.3 million loss in its first quarter that…
Sony to lay off 2,000 workers, close a digital imaging factory
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Sony has announced that it will lay off about 2,000 employees by the end of 2012, including a 20% staff reduction at the company's Tokyo headquarters and 20% from its Home Entertainment and Sound Business Group. The decision is part of a plan revealed earlier this year...
AMD posts $157 million loss, cutting workforce by 15 percent in Q4
- Things could quickly be going from bad to worse in the event you work for AMD or know someone that does. The struggling microprocessor company has reported a loss of $157 million ($0.21 per share) for the third quarter on…
AMD preparing to lay off 20-30% of workforce
- Chipmaker AMD is purportedly preparing to lay off up to one-third of its workforce, according to All Things D and its sources familiar with the company's plans. Amongst positions proposed for elimination are sales and engineering -- a category which…
HP bumps layoffs up to 29,000, plans to invest more into R&D
- In May, HP announced it would be cutting 27,000 jobs worldwide or about seven percent of its total workforce. However, yesterday ZDNet broke down HP's 10-Q quarterly SEC filing which spells out the elimination of 2,000 more jobs than previously stated, making for…
RIM: yet more losses, job cuts, BlackBerry 10 delayed until Q1 2013
- Research in Motion's situation has taken another dramatic turn after last night's earning call to investors revealed its urgently needed and potentially lifesaving BlackBerry 10 OS will be delayed. The Canadian firm also reported huge losses for the first financial…
HP cutting 27,000 jobs through fiscal year 2014, Q2 profit down 31%
- As rumors last week alluded to, HP announced they would be cutting 27,000 jobs as part of a restructuring plan led by CEO Meg Whitman. The reduction will eliminate eight percent of the company’s total workforce by fiscal year 2014…
Hewlett-Packard planning to cut up to 30,000 jobs starting next week
- HP is expected to begin a restructuring plan next Wednesday that will coincide with the company’s quarterly earnings report. Sources claiming knowledge of the subject say that CEO Meg Whitman is prepared to announce the elimination of up to 30,000…
Report: Sony to axe 10,000 jobs before end of 2012
- Japan’s largest newspaper, the Nikkei, has revealed that Sony Corporation plans to axe around 10,000 jobs globally over the next year as part of a restructuring effort led by their newly appointed president Kazuo Hirai, who took over the role…
T-Mobile cutting 1,900 jobs, closing seven call centers nationwide
- T-Mobile has announced that they will be cutting 1,900 jobs and closing seven call centers throughout the US as part of a plan to reduce overhead and stockpile cash to invest in a restructuring plan after AT&T failed on their…
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