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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The smartwatch maker Pebble is to layoff 40 employees this week as it struggles to stay afloat against competition from Fitbit and Apple Watch. The company will also double down on health and fitness.
According to the latest reports, the giant chip company is struggling in the market and may lay off a significant number of people soon. Not only that, but the company might be splitting in two.
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.
Best Buy closed at least two outlets in Quebec, in Sherbrooke and in Montreal-area Lachenaie but never told the employees that the stores were closing and that they were out of a job.
Nokia continues to struggle in the marketplace and they plan on shutting down two sales offices in China, the largest smartphone market in the world, as part of their plan to streamline operations.
A report out of the NY Times Bits blog suggests Yahoo may be planning layoffs as early as Tuesday, December 14th. The anonymous source claims Yahoo may be planning to cut up to 5% of...
Digg, a popular news ranking website, is running into financial problems once again. Less than six months after laying off 10% of their workforce, they are now giving pink slips to another 37% of their...
Sun Microsystems, citing impacts of the softening U.S. economy, posted a net loss on a slight decline in revenue for its third quarter and announced plans to cut up to 2,500 jobs, results which departed...
Although only the what, where, when, and why of the upcoming layoffs at Sony Computer Entertainment Europe have already been answered for the most part by the staff at GamePro, that only leaves the question...
Thanks WinOSCentral for the heads up on this one. The story of Stephen shows how a layoff is not always an ambush by Human Resources wielding a pink slip. Stephen, as well...