In Intel's earnings report today, the firm announced that it intends to lay off 12,000 employees, or 11% of its total workforce. It will also be taking a $1.2 billion restructuring charge.
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According to sources inside the company, Microsoft is expected to announce a major new round of layoffs as early as today. This is likely to affect employees in the hardware divisions.
According to a new report from Japan, Sony is planning to cut approximately 1000 jobs from its smartphone division in Europe and China. This comes after consecutive quarters of losses.
IBM will go through the biggest shake-up in corporate history, with the company set to lay off a record number of employees. More than 100,000 people around the world will be affected.
Microsoft is laying off a number of people and it seems the Research arm is no exception. The robotics research team has been let go over the weekend and the project is seemingly dead for now.
Preliminary financial reports indicate Nokia has started to slowly recover but the Finnish company will be slashing another 1000 jobs, mostly in Finland, in an effort to get back to profitability.
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.