Tag Archives: JobCuts

WSJ: BlackBerry expected to cut up to 40 percent of its workforce by year’s end

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BlackBerry hasn't been hiding the fact that it's cutting back on its workforce, but a new report from The Wall Street Journal today suggests that another particularly big round of layoffs could be in store. Citing people familiar with the matter, the paper says that the company is preparing to cut up to 40 percent of its workforce by the end of the year, with the layoffs expected to "cut across all departments" and "occur in waves." As the WSJ notes, the most recent tally of employees the company has disclosed is 12,700, which is already down from 17,000 two years ago.

This latest news also comes after an report earlier this month that at least some BlackBerry board members are pushing for a speedy sale of the company, which reportedly could happen as early as November. For its part, BlackBerry isn't commenting on the specific number of layoffs, telling the WSJ only that "organizational moves will continue to occur to ensure we have the right people in the right roles to drive new opportunities in mobile computing."

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Source: The Wall Street Journal

IBM reportedly cuts over 1,600 US jobs as part of billion-dollar restructuring

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IBM reportedly axing around 1,600 US jobs as part of billiondollar restructuring

Missing your earnings target by five cents a share wouldn't trouble most companies -- but IBM isn't like most companies. That's why it's reportedly implementing a billion-dollar restructuring program that'll see up to 8,000 jobs being lost from the firm. The Alliance@IBM union is reporting that over 1,600 jobs in the US have already been cut, including 165 from chip research and 121 from storage development. Given that the company is also working out ways of making supercomputer Watson pay its own way, it seems that no-one's immune to a spot of belt-tightening.

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Via: Bloomberg

Source: Endicott Alliance @ IBM

Logitech cuts 5 percent of core staff as part of its shift to mobile

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Logitech cuts 5 percent of core staff as part of its shift to mobile

Logitech made clear in January that it was jettisoning weight in a bid to stem losses and focus on more successful technologies like mobile peripherals. Sadly, we're learning today that this also includes cutting jobs. The company is shedding 140 positions, or about 5 percent of its non-manufacturing workforce, as part of a streamlining plan that could save an extra $16 million to $18 million during Logitech's fiscal 2014. While there's no specific timeframe mentioned, it's suggested the layoffs will come quickly when the company may pay up to $14 million to address the cuts during its ongoing fourth quarter. Let's hope those affected land on their feet, and that the savings pay off in the long run.

[Image credit: Coolcaesar, Wikipedia]

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Source: Logitech

Texas Instruments to cut 1,700 jobs as part of its shift away from mobile

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Texas Instruments office

Texas Instruments signaled its intentions to back away from the volatile mobile market as the summer came to a close. Unfortunately, we're now learning that the shift comes at a price -- as part of a wider set of cost-cutting measures, TI is shedding roughly 1,700 jobs worldwide. The chip designer hasn't said how soon the layoffs take effect, but these and the overall budget trimming should lead to savings of about $450 million per year by the end of 2013. That's not going to be reassuring to those who'll soon find themselves looking for work, although it may be necessary for TI to survive when the market for off-the-shelf mobile processors is rapidly thinning out.

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Texas Instruments to cut 1,700 jobs as part of its shift away from mobile originally appeared on Engadget on Wed, 14 Nov 2012 16:56:00 EDT. Please see our terms for use of feeds.

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Panasonic will cut another 10,000 jobs by March, won’t dodge a $10 billion annual loss

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Panasonic will lay off another 10,000 jobs by March, won't dodge a $10 billion annual loss

Despite the recent uptick in its profits and the fact that it has already deleted 36,000 names from its payroll, Panasonic says it'll have to cut another 10,000 jobs by March of next year. The maker of the Lumix GH3, huge 8K plasmas and much else that is desirable, is steadily facing up to the reality that a fifth of its 100 business units are bleeding cash. But depressingly, even with this major restructuring and continuing efforts to sell off unwanted units, the Japanese old-timer still expects to lose $10 billion during this accounting year and fail in its goal to achieve a five percent profit margin within the next three years.

Panasonic will cut another 10,000 jobs by March, won't dodge a $10 billion annual loss originally appeared on Engadget on Wed, 14 Nov 2012 03:11:00 EDT. Please see our terms for use of feeds.

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Sony restructuring in Japan: camera lens plant to close with loss of 2,000 jobs

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Sony to close a camera lens factory, shed 2,000 jobs as One Sony begins to bite

Kaz Hirai's "One Sony" rescue plan was designed to unite the many disparate arms of the conglomerate, shed 10,000 jobs and make cost savings wherever it could. Facilities in Sweden and the UK have already been closed, so now the company is shifting focus to its operations in Japan. Sony will close its Minokamo site, which currently produces camera lenses for DSLRs and smartphones, with production being moved to factories in Kohida and Kisarazu, 840 staff will lose their jobs. The company is also instituting an early retirement program across its various Japanese businesses in order to push the domestic total to 2,000 -- which it must do before a self-imposed deadline of March 2013.

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Sony restructuring in Japan: camera lens plant to close with loss of 2,000 jobs originally appeared on Engadget on Fri, 19 Oct 2012 04:49:00 EDT. Please see our terms for use of feeds.

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AMD could slash up to 30 percent of its workforce according to reports

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AMD could slash up to 30 percent of its workforce according to reports

AllThingsD and CNET are reporting that 30 percent of AMD's workforce could be laid off, though one of several unnamed sources notes the cuts could be as low as 10 percent. If these reports hold true, this would be the second round of layoffs for AMD within a year's time. The reductions will reportedly affect the firm's engineering and sales employees, and may be serious enough to cause a paring back of product lines. The silicon giant could potentially reveal its plans as early as next week, which would coincide with the announcement of its third quarter financial results. With the company expecting a ten percent revenue drop in Q3, it looks like the latest figures will continue the trend of less than ideal results.

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AMD could slash up to 30 percent of its workforce according to reports originally appeared on Engadget on Fri, 12 Oct 2012 20:20:00 EDT. Please see our terms for use of feeds.

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Sharp reports 2,000 job cuts in Japan, more changes expected

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Sharp reports 2,000 job cuts in Japan, more changes expected

There was little doubt jobs would be on the line after Sharp's significant Q1 losses, but now it's official. Following a board meeting today, the company has joined the likes of RIM, Sony and HP, announcing the "voluntary retirement" of around 2,000 staff in Japan before the year's out. The layoffs are part of a wider, textbook reorganization plan, and are expected to cost a sizeable 27 billion yen (approximately $344 million). Neither figure is set in stone, however, so when everything is finalized we could see more jobs impacted and those costs soar. Whether this puts off potential investment from Hon Hai Precision Industry is unknown, but while Sharp's TVs get ever bigger, its wallet continues to get thinner.

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Sharp reports 2,000 job cuts in Japan, more changes expected originally appeared on Engadget on Tue, 28 Aug 2012 23:47:00 EDT. Please see our terms for use of feeds.

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