Nokia Siemens Announces Ambitious Employee Sacking Plan
They’re swinging the ax over at Nokia Siemens again. The mobile network equipment maker said today that it plans to reduce its 64,000-strong workforce by up to nine percent in a bid to “improve financial performance and return to growth”–something the joint venture has had a hard time doing since it launched in February 2007.
Tuesday, October 20, 2009
Sun to Sack 3,000
Ugly news. The end of Sun Microsystems as an independent company after 27 years is to be prefaced with a bloodletting. And a big one too. The company is sacking some 3,000 employees as it awaits the closing of Oracle’s planned $7.4 billion takeover.
Thursday, September 10, 2009
Oracle: IBM, Come Out to Play-ee-ay
Oracle has a message for CIOs concerned about its plans for Sun’s hardware, Solaris and SPARC businesses: Relax. In a full-page ad published in The Wall Street Journal today, the database giant made a very public commitment to all of them.
Sony Celebrates 30th Anniversary of Walkman With Lousy Earnings
More bad news from Sony. This morning the electronics giant posted its second straight quarterly loss and reiterated its forecast for another year of red ink. Clearly, Sony must do more than just slash jobs and suppliers if it ever hopes to regain its position in the market.
Monday, July 27, 2009
Layoffs, Palm Pre Coming to Verizon
This recession is a long way from over if Verizon’s latest earnings are anything to judge by. Reporting second-quarter earnings that were a penny better than the 62 cents per share Wall Street had been expecting, the company said it suffered a nasty 21 percent drop in profit thanks to the econalypse, which is pinching enterprise customers pretty hard these days.
Thursday, July 16, 2009
IBM Doing Just Fine Without All Those Employees It Sacked, Redux
IBM had a very good second quarter, all things considered. The company reported earnings that trounced analysts’ estimates and raised its full-year earnings forecast. Earnings were $2.32 per share, up from $1.97 per share in the same period last year, and well above the $2.02 per share the Street was looking for.
Tuesday, June 23, 2009
MySpace | A Place for Layoffs, Redux
MySpace has extended its war on bloat overseas. This morning the company announced plans to close at least four of its offices outside the U.S. in a bid to reduce costs. Some 300 of the company’s 450 international employees will lose their jobs as a result.
Tuesday, June 16, 2009
MySpace | A Place for Layoffs
The ax has finally swung at MySpace. This morning the AOL of social networks announced plans to sack 30 percent of its workforce. All told, 420 workers will lose their jobs, reducing the size of the company’s staff to 1,000 employees. CEO Owen Van Natta’s all-hands memo, after the jump.
Wednesday, May 13, 2009
IBM Doing Just Fine Without All Those Employees It Sacked
“We are not like the other companies in the IT industry.” This from IBM CEO Sam Palmisano, who said at an investors meeting in New York City today that the company is weathering the econalypse better than most.
Thursday, March 26, 2009
Black Thursday at Big Blue [UPDATED]
The ax is indeed swinging at Big Blue. Following reports that it is preparing to cut thousands of jobs in its global services unit, IBM said Thursday it has begun notifying employees of what it likes to euphemistically refer to as “resource actions.” IBM refused to disclose the number of employees affected, but
Lee Conrad, spokesman for a union group called Alliance@IBM, said at least 1,674 in the company’s Application Services unit will lose their jobs.
Wednesday, March 25, 2009
IBM: The “I” Stands for “India” [UPDATED]
When IBM CEO Sam Palmisano advised the Obama transition team that the $30 billion in information-technology stimulus handouts Big Blue is angling for could create more than 900,000 new jobs, he didn’t say they’d be created in India. Yet, apparently that’s the case. IBM is reportedly planning to sack “a large number” of employees in its Global Business Services division, shifting their duties overseas to workers in India.
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About John
John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper.
Ethics Statement
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
alt.misc
- The Golden Age of Video
Best video mashup ever.
- I’m not dead yet
A Facebook Memorial
- Pulp Fiction Audio Mix
Wow.
- A world without the Internet
Worth it for the Rickrolling photo alone.
- Google Wave Cinema: Pulp Fiction
Excellent.
- Dead Fly Art
Flughumor!
- Happy Birthday Monty Python …
… you vacuous, toffee-nosed, malodorous perverts
- ‘You are being shagged by a rare parrot’
Stephen Fry and zoologist Mark Carwardine meet the kakapo — a fat, flightless and very randy rare parrot.
- A Spectacular Cover of “Let It Be”
Spectacular in the bellowing Russian sailor sense of the word …
- Protect Insurance Companies PSA
“If you spell something wrong on your insurance claim, do you really deserve surgery? I don’t think so …”
