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Samsung has been facing shrinking profits for quite some time and sources close to the company have now revealed that the Korean conglomerate might be planning job cuts to save costs.
After cutting 18,000 jobs last year, with a further 7,800 layoffs this year related to restructuring of its phone division, Microsoft is now dropping another 1,000 staff from its global workforce.
As its market share declines - and after its profits fell for a seventh consecutive quarter this year - Samsung is reportedly planning to cut around 10% of the 99,000-strong workforce at its HQ.
Qualcomm's 'Strategic Realignment' Plan was unveiled today. The plan will cut jobs and will attempt to save the company from spending $1.4 billion USD.
Microsoft is restructuring its phone hardware business, with the loss of 7,800 jobs. The company will write down a $7.6bn 'impairment charge', and says it will offer a more 'focused phone portfolio'.
In what is said to be the final round of layoffs for Microsoft's largest jobs cut in company history, hundreds of employees were released by the company all around the world.
Microsoft has confirmed that 2100 jobs were cut today as part of the previously announced 18,000 layoffs, with 747 coming from the state of Washington and the rest from other offices.
Employees at Microsoft's Nokia division in China held a protest today, chanting slogans against the company's "hostile takeover and violent layoffs", which will result in 18,000 job cuts worldwide.
Microsoft's decision to cut 18,000 jobs from its workforce, including many former Nokia employees, has prompted Finland's government to call on the company to help those displaced by the layoffs.
Xbox Europe will not be spared from Microsoft's 18,000 employee layoff, after it emerged many job cuts were underway at its Reading location. 75% of employees with EMEA roles will be made redundant.
The rumors were true as Microsoft announced today that thousands of Microsoft employees will be let go from the company as they work to streamline operations and conform to Nadella's new mission.
Now that the Nokia acquisition is complete, Microsoft has grown by over 25,000 employees but that number is likely to contract in the near future as insiders report that job cuts are on the agenda.
The PR firm Waggener Edstrom announced this week that it was cutting 43 employees, or about five percent of its workforce, and put part of the blame on Microsoft's recent reorganization.
New reports claim that BlackBerry has cut even more people from its workforce, including some of its sales team in the U.S., as the smartphone maker continues to struggle.
Neowin reported yesterday that there were rumors of possible job cuts within Microsoft, and today these rumours turned into reality. Although Microsoft never publicly announced the layoffs, hundreds of workers were told today they would...
Microsoft is preparing to cut more jobs as early as today, as rumors from within the company begin to leak outside. Employees have been hearing that Microsoft is planning more layoffs, but not as big...
Remember those 2nd round of layoffs Microsoft started as part of its plan to cut 5,000 jobs? Well it seems that not only were individual employees were affected, but entire products as well. According to...