Neowin News Feed for: Cuts

Tech turmoil: Expedia sheds 1,500 jobs in major restructuring move

Paul Hill — Tue, 27 Feb 2024 01:06:01 +0000

Expedia Group is cutting 1,500 jobs, mainly from its Product & Technology division. To help support those affected, the company is paying severance and giving employment assistance. Read more...

Pichai tells Google employees to “pull together” as travel and swag budgets get slashed

Paul Hill — Fri, 23 Sep 2022 16:36:02 +0000

Sundar Pichai and other Google execs have been answering employees' questions at an internal meeting. Various expenses are being targeted for cuts as the firm tries to weather the economic storm. Read more...

Huawei slashes Indian revenue target by half, laying off 60-70% of the staff

Usman Khan Lodhi — Mon, 27 Jul 2020 10:20:01 +0000

Huawei has cut its Indian revenue target by roughly 50%. Additionally, the firm will lay off 60-70% of its staff in the country, excluding those in research and development and Global Service Centre. Read more...

AOL - Yahoo merger could see up to 1,000 jobs slashed

Paul Hill — Thu, 08 Jun 2017 03:46:01 +0000

As many as 1,000 people at Oath, the resulting entity of the AOL and Yahoo merger, will face job losses, representing just under 20% of the combined workforce. The stocks weren't impacted by the news. Read more...

Samsung is reportedly cutting almost 10,000 jobs at its head office [Update]

Andy Weir — Tue, 08 Sep 2015 10:54:01 +0000

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. Read more...

HP reported to be cutting up to 25,000 jobs

John Callaham — Thu, 17 May 2012 18:20:05 +0000

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 11:55:37 +0000

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

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...

Microsoft cuts 800 more jobs

Brad Sams — Wed, 04 Nov 2009 17:58:33 +0000

Microsoft has confirmed that it will be cutting 800 jobs effective today. The jobs will be cut across many different product groups and about a quarter of them will come from the Seattle area.... Read more...

Date set for Sun stockholders to vote on Oracle merger

Michael Stanclift — Thu, 11 Jun 2009 18:10:42 +0000

Sun Microsystems has announced that a special meeting of it's Board of Directors has approved a July 16, 2009 date for a special stockholder meeting to vote on the adoption of the proposed merger agreement... Read more...

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

Jonathan Steele — Mon, 11 May 2009 20:13:59 +0000

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

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

Mon, 13 Oct 2008 10:18:10 +0000

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 21:47:06 +0000

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 10:34:07 +0000

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

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

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

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

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

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%

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

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

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

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

Tue, 02 Oct 2007 15:41:22 +0000

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...

Burma Cuts Internet Access

Fri, 28 Sep 2007 21:23:24 +0000

The ruling junta in Burma has cut internet access to citizens in an attempt to stop footage of pro-democracy protests escaping the country. Internet cafÃ©s have been closed and the state ISP is claiming that... Read more...

AMD Cuts Ties With Evesham

Mon, 20 Aug 2007 15:03:32 +0000

AMD has announced that it has ended its close relationship with UK system-builder Evesham, which became insolvent earlier this year and was rescued from administration by Dubai-based PCC Technology at the beginning of this month.... Read more...

Microsoft cuts Xbox 360 prices in Europe

Steven Parker — Mon, 20 Aug 2007 08:37:40 +0000

Microsoft is cutting the European price for its Xbox 360 games console by 50 euros to 349.99 euros ($470), following a similar cut in the United States. The company said in a statement on Monday... Read more...

Microsoft Cuts Vista Price By Over 50% in China

Christopher Vendemio — Fri, 03 Aug 2007 16:04:36 +0000

Microsoft has more than halved the retail price of its Vista operating system in China. The Home Basic edition dropped from $201 (1,521 yuan) to $66, and the Home Premium package dropped from $238 to... Read more...

Microsoft Cuts Xbox 360 HD DVD Player Price

Fri, 27 Jul 2007 13:59:09 +0000

ith the battle between HD DVD and Blu-Ray heading into the deciding round, Microsoft has cut the price of its HD DVD add-on with the XBox Elite just around the corner. While the price of... Read more...

Intel cuts desktop prices by up to 50%

Daniel Fleshbourne — Tue, 24 Jul 2007 13:09:06 +0000

Intel has slashed the price of a number of its desktop and mobile processors, but the cuts, while deep, aren't as extensive as anticipated. However, the move confirms an aggressive pricing plan for the chip... Read more...

AMD: Read Our Lips, No New Price Cuts

Daniel Fleshbourne — Tue, 17 Jul 2007 11:59:54 +0000

An incipient price war between chip giants AMD and Intel may fizzle out after some midsummer skirmishing as AMD has no plans to further cut CPU prices any time soon, said Gary Bixler, AMD's director... Read more...

Sony cuts Playstation price in US

Mon, 09 Jul 2007 14:26:12 +0000

While Sony is faring well in Japan, sales are lagging in the US. Sony is slashing the price of its PlayStation 3 games console by 17% in the US to boost sales. As a result... Read more...

Google cuts data retention times

Tue, 12 Jun 2007 21:02:01 +0000

Google is to cut the length of time it holds users' personal search data. The move comes in response to a data protection group that wrote to the firm questioning its privacy policies. The European... Read more...

HD DVD sales spike in wake of price cuts

Tue, 12 Jun 2007 14:50:55 +0000

In the wake of last month's HD DVD player rebate program, the HD DVD Promotional Group happily announced that HD DVD players now constitute 60% of all standalone high-definition players sold. So far, consumers have... Read more...

Cheaper Blu-ray Player Sparks Speculation of PS3 Price Cuts

Tue, 05 Jun 2007 20:39:22 +0000

These days, literally the smallest whisper about falling costs of blue-violet laser diodes will set off speculation about a PlayStation 3 price drop. Yesterday, Sony announced that it would be shipping its second-generation Blu-ray Disc... Read more...

Intel cuts server and desktop CPU prices

Daniel Fleshbourne — Tue, 24 Apr 2007 13:22:37 +0000

Intel has published price cuts of up to 40% for is 3000-sequence uni-processor server CPUs and updated its desktop CPU lineup with lower prices and new products. Pricing for the Quad Core Xeon X3220 has... Read more...

AMD Cuts Prices on High-end Processors

Tue, 10 Apr 2007 12:40:38 +0000

AMD has cut prices on its high-end dual-core desktop processors and has announced its new restructuring plans to compensate for reduced quarterly revenue. As usual, prices are in 1,000 unit quantities. The price cuts affect... Read more...