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Friday, November 20, 2009

Nokia R&D Workers Researching and Developing New Job Leads

LAYOFFS_BOBS_THUMBNokia’s workforce is deteriorating nearly as fast as its share of the mobile phone market. This morning, the company–which sacked 1,700 employees in March and another 450 in April–said it will cut 330 more jobs in its research and development group.

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Wednesday, November 18, 2009

Sony Ericsson to Sack 2,000

LAYOFFS_BOBS_THUMB Given its recent string of lousy financial reports, its weak platform strategy and declining share of the the global handset market, I suppose it was only a matter of time before Sony Ericsson began sacking employees again. And it did just that this morning, announcing plans to shutter its Research Triangle Park facility in North Carolina, as well as offices in Miami, India and Sweden.

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Monday, November 9, 2009

Electronic Arts to Sack 1,500

LAYOFFS_BOBS_THUMB1Reporting a second-quarter loss that widened thanks to a weak videogame market, Electronic Arts today said it will cut 1,500 jobs by early next year as part of a restructuring effort aimed at trimming at least $100 million in costs. This after announcing plans this morning to acquire social network game maker Playfish for $400 million.

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Wednesday, November 4, 2009

Microsoft Sacks 800 [UPDATED]

LAYOFFS_BOBS_THUMB “We are mostly but not all done” with layoffs. So said Microsoft CEO Steve Ballmer in May at the start of a second round of cuts that claimed the livelihoods of some 3,000 employees. Now, six months later, the company is finishing the job. Sources tell TechFlash that Microsoft will make additional job reductions this week–beginning as early as today.

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Tuesday, November 3, 2009

Nokia Siemens Announces Ambitious Employee Sacking Plan

largest-axe3jpg-150x150jpgThey’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.

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Thursday, October 29, 2009

Motorola, Profit No Longer Mutually Exclusive

motorocketthumbMotorola’s ambitious turnaround strategy is beginning to pay off. Posting earnings this morning, the company said it managed a surprise profit in the third quarter, despite a decline in revenue. For the period, the troubled handset maker reported a profit of $12 million, or a penny a share, compared with a year-earlier loss of $397 million, or 18 cents a share. Sales fell 28 percent to $5.45 billion from $7.48 billion. Not the prettiest of quarters, but that penny-a-share profit beat the consensus estimates of analysts, who had expected the company to simply break even.

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Monday, October 19, 2009

New York Times to Sack 100 Staffers

nytIf newspapers are suffering a death by 1000 cuts, the next 100 will be made at the New York Times. The company today announced plans to reduce its newsroom staff by eight percent by the end of 2009. Cuts will be made by buyout, but the company will resort to layoffs should its hand be forced.

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Thursday, August 6, 2009

Confirmed: Layoffs at RealNetworks’ Rhapsody

largest-axe3jpg-150x150jpgThe ax is swinging at Rhapsody America. The subscription music service, a joint venture between RealNetworks and Viacom subsidiary MTV Networks, is sacking nine percent of its employees, mostly in editorial.

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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.

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Wednesday, May 13, 2009

European Commission Overclocks Intel Antitrust Fine

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Latest Seagate Layoffs Offer Improved Capacity, Performance

largest-axe3jpg-150x150jpgSeagate is defragging its workforce again. The hard drive manufacturer said Wednesday that it plans to sack another 1,100 employees–2.5 percent of its workforce. These in addition to the nearly 3,000 workers it laid off earlier this year.

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Wednesday, May 6, 2009

April’s Job Loss Report Less of a Train Wreck Than March’s

freecoffeefortheunemployedThe number of job cuts made during April was the lowest since October. That’s the latest from outplacement services provider Challenger, Gray & Christmas, which said today that “planned workforce reductions” in April were 132,590–12 percent fewer than the more than 150,000 recorded in March. Great news, right? Until you realize that the “planned reductions” to which the company refers were up 47 percent from a year earlier and are still at recession levels.

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Tuesday, April 28, 2009

NOK, NOK. Who’s There? Not You Any More…

largest-axe3jpg-150x150jpgNokia, the world’s largest maker of mobile phones, will soon be just a tad smaller. This morning the company said it will sack a further 450 employees in its mobile services business, a division charged with developing and delivering the Ovi-branded Internet services tied to Nokia devices. Seems the still souring economy has undermined Nokia’s ambitions in that area, and Apple’s success with the iPhone App Store has inspired it to look to third-party developers to bring new applications to its devices.

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Monday, April 6, 2009

Tech Job Cuts Upgraded to “Appalling” from “Gruesome”

rescuesocietyThe first three months of 2009 were brutal ones for the high-tech industry–from a job loss perspective, the worst in seven years. Challenger, Gray & Christmas on Monday said high-tech companies sacked some 84,217 employees in the first quarter, a 27 percent increase over the previous quarter and the steepest reduction the firm has seen since the Great Dark Time of 2002.

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Friday, April 3, 2009

IBM-Sun Day Monday?

Sun and IBM reportedly prepare for a Monday announcement. Plus, Stephen Colbert on Twitter, iPhone camera rumors, and YouTube’s 2009 losses. (April 3)

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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. Read more »

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.

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