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Layoff articles

StumbleUpon lays off 30 percent of staff to become profitable

StumbleUpon has announced a restructuring effort effective immediately that will see the company shed 30 percent of their workforce. Eliminating 35 jobs will make the company profitable this quarter and allow them to operate more quickly and efficiently, according to…

AMD to reduce its workforce by 10% in the coming months

Confirming industry speculation, AMD has announced that it will cut 10% of its workforce in an effort to save money -- or rather, "optimize cost structure to enhance competitiveness and accelerate growth." By trimming a little fat, the company expects…