IBM is reportedly laying off 10,000 employees, mostly from the European region. The cuts come as part of a plan to spin off the legacy IT services unit to streamline the company and cut costs.
Microsoft has reportedly cut "hundreds" of jobs in its MSN, Azure, and sales organizations as part of its end of financial year re-evaluations. However, they are not as massive as the previous years.
Last month, the firm opened up 100,000 jobs amidst increased demand. Now the firm has stated that all those positions have been filled up and a further 75,000 people will be hired.
Foxconn has cut 50,000 of its contract jobs since October, months earlier than usual. Normally the contract jobs are cut at the end of the year, however, they started earlier than usual in 2018.
The Chicago-based company has reportedly laid off half of its engineering workforce and canceled the upcoming Moto X5. The company is also be scaling back on Moto mods focusing on the profitable ones.
It seems that Nokia has officially given up on pursuing the consumer market, after announcing that the OZO VR project will be shut down, and 310 jobs will be cut in its Technologies Unit.
After cutting over 40% of its staff, SoundCloud issued a statement that sounded optimistic about its long-term future. In reality, it appears that the firm only has enough funding to make it into Q4.
SoundCloud, a music streaming service based on user-submitted content, is laying off 40% of its employees and consolidating the rest in its London and New York offices in order to reduce costs.
Rumors of massive job losses at Microsoft have been proved accurate, as the company has confirmed that it will cut up to 3,000 staff from its global workforce, as it focuses more heavily on the cloud.
Microsoft is poised to lay off thousands of sales staff this week, amid efforts to reorganize its global sales force and focus on selling cloud services instead of standalone software.
It was a year ago that Twitter announced that it would be laying off some of its staff. This year, the trend could continue, as it is being reported that another round of layoffs is imminent.
Microsoft cut 19,000 jobs in its 2015 fiscal year, and 7,400 in FY2016. Having announced an additional 1,850 lay-offs in May, it now says that a further 2,850 jobs will go over the next twelve months.
Less than one year after Microsoft opened a retail store in São Paulo, the company has now announced it will close off all of its retail points in the country, opting for online-only sales.
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...