Neowin News Feed for: Cuts

HP reported to be cutting up to 25,000 jobs

John Callaham — Thu, 17 May 2012 19:20:05 +0100

HP is rumored to be considering a move that could cause as many as 25,000 of its employees to be laid off, or about eight percent of its total workforce, including some early retirement packages. Read more...

Nokia "consolidates" its business; cuts 3,500 jobs

Tim Schiesser — Thu, 29 Sep 2011 12:55:37 +0100

Nokia announced today that they will be "improving efficiencies" at the company, which will result in 3,500 job losses from the closure of three locations worldwide Read more...

AOL to cut over 1000 jobs and shut offices

Matthew Hopson — Wed, 13 Jan 2010 14:55:18 +0000

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AOL is to shut down many of its European offices after failing to cut a third of its international workforce through voluntary redundancy. Although 1,100 of the company's staff have taken voluntary redundancy, a further... Read more...

Analyst predicts 8,450 gaming jobs have been lost since July

Jonathan Steele — Mon, 11 May 2009 21:13:59 +0100

It's no secret that the video game industry has suffered during the current recession. With studios closing at an alarming rate, analyst Wanda Meloni estimates that 8,450 video game redundancies have been made since July... Read more...

Sharp posts first loss in five decades, announces job cuts

Matthew Hopson — Tue, 10 Feb 2009 13:49:56 +0000

Japanese electronics company Sharp warned last Friday that it will be posting a 100 billion yen ($1.1 billion) loss for the current fiscal year, and also announced that there would be 1,500 contract worker job... Read more...

Sony cuts 16,000 jobs and reports net loss

Andrew Lyle — Thu, 22 Jan 2009 18:19:43 +0000

Sony is expected to report a $2.9 billion loss this year for the first time the company has reported an annual loss in over 14 years. The company predicted a $1.65 billion profit for... Read more...

Microsoft misses quarterly profit target, job cuts possible

Matthew Hopson — Wed, 21 Jan 2009 11:32:07 +0000

When Microsoft posts its quarterly profit on Thursday, it is expected that it will have missed the company's own target for the quarter, prompting speculation that the company could soon announce thousands of job cuts.... Read more...

Sony expected to announce restructuring plan soon

Matthew Hopson — Wed, 21 Jan 2009 10:50:40 +0000

Sony Corp, the maker of Bravia LCD TVs, Cyber-shot cameras and the Playstation game console, is expected to announce a restructuring plan this week, according to the Financial Times. Last month the Japanese company outlined... Read more...

RIAA to stop suing users, cuts them off instead

Andrew Lyle — Fri, 19 Dec 2008 19:02:18 +0000

RIAA has reached an agreement to stop suing individuals who continue to share music illegally, but will cut your internet connection off instead. The decision was reached with ISP's to send a warning letter to... Read more...

Sun Microsystems, 6000 job cuts and reorganises business

WebWolf — Sun, 16 Nov 2008 16:17:44 +0000

It seems that we only saw a part of the massive job cuts in the IT industry recently. Sun Microsystems released a statement for the press about their plans for adjusting to the "economical climate"... Read more...

Sony PS3 - no price cuts this year

tiddlie — Mon, 13 Oct 2008 11:18:10 +0100

With the recent price drops from Microsoft for their Xbox 360 console, it would have been a fair bet for anyone that Sony would have followed suit to compete. If you were a betting person,... Read more...

eBay announces job cuts

Tom Warren — Mon, 06 Oct 2008 22:47:06 +0100

eBay has said it is laying off 10% of its workforce, as part of a move to streamline the business. The amount is approximately 1,000 staff and hundreds of temporary workers. It is also expected... Read more...

Microsoft cuts apps from Windows 7

Tom Warren — Tue, 23 Sep 2008 11:34:07 +0100

Microsoft has decided that Windows 7 won't include built-in programs for e-mail, photo editing, and movie making, as was done with Windows Vista, CNET News.com has learned. The software maker included Windows Photo Gallery, Windows... Read more...

Gartner: HD DVD Price Cuts Only Prolong Agony

Daniel Fleshbourne — Mon, 28 Jan 2008 14:23:27 +0000

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Price cuts by Toshiba on its HD DVD players in the U.S. earlier this month may prove to be "useless resistance" in the battle against the rival Blu-ray Disc optical disc format, according to Gartner.... Read more...

EMI faces 2,000 job cuts

EL1TE — Tue, 15 Jan 2008 19:21:28 +0000

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Guy Hands, the private equity owner of EMI, plans to cut up to 2,000 jobs at the ailing British music company, in a plan to rebuild the group which has sparked fury from some of... Read more...

Toshiba cuts HD player prices in Blu-ray fight

EL1TE — Tue, 15 Jan 2008 12:23:09 +0000

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Consumer electronics maker Toshiba Corp said on Monday it is slashing prices of its HD DVD format players by between 40 to 50 percent as major Hollywood studios move to embrace Sony Corp's Blu-ray format... Read more...

Palm Cuts Staff by 10%

Sagittarius — Fri, 14 Dec 2007 03:38:48 +0000

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Palm Inc., the troubled maker of Treo smart phones, laid off about 10 percent of its work force this week to cut expenses, according to an anonymous source familiar with the situation. The Sunnyvale-based company... Read more...

No price cuts yet for 802.11n products in 4Q07

Daniel Fleshbourne — Mon, 26 Nov 2007 11:23:10 +0000

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The three leading branded consumer networking device vendors in North America – D-Link, Linksys ( a division of Cisco Systems) and Netgear – have mostly kept the price of consumer networking devices, especially 802.11n products,... Read more...

AMD cuts RV670 chip price

Daniel Fleshbourne — Mon, 12 Nov 2007 11:59:36 +0000

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With Nvidia launching its GeForce 8800GT (G92) early on October 29, AMD has dropped its ATI Radeon HD 3800 series (RV670) price from US$199-259 to US$179-239 in preparation for its launch later this month, according... Read more...

Apple Sued Over iPhone Price Cuts

Hurmoth — Tue, 02 Oct 2007 16:41:22 +0100

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An owner of Apple's iPhone filed a federal lawsuit against the digital media giant, claiming that the price reduction injured early adopters, like herself, because they cannot resell the product for the same profit as... Read more...