HP to lay off 525 Palm employees this week

By on September 20, 2011 at 8:10 AM.

HP to lay off 525 Palm employees this week

HP will lay off as many as 525 employees from its Palm division this week AllThingsD reported on Tuesday. HP killed off its webOS mobile operating system in mid-August when it also announced it would discontinue the development of webOS devices such as the TouchPad and Palm Pre family of smartphones. “As part of this decision, the webOS GBU is undergoing a reduction in workforce,” an HP spokesperson explained. “Today’s actions are part of this initiative. During this time, we stand by our commitment to our webOS customers and will work to ensure that support and service for customers are not adversely affected. HP is exploring ways to leverage webOS software.” More →

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Nokia Siemens Networks lays off 1,500 employees

By on August 5, 2011 at 7:01 PM.

Nokia Siemens Networks lays off 1,500 employees

Nokia Siemens Networks announced on Friday that it will begin to layoff 1,500 of its employees. The affected staff are part of its WiMAX and GSM divisions, and a spokesperson told Reuters that many of the employees were originally brought on as part of NSN’s infrastructure purchase from Motorola. In March, Nokia Siemens Networks tried to renegotiate the $1.2 billion deal with Motorola to leave the GSM division out of the purchase. Nokia Siemens has had trouble trying to record a profit and its two parent companies, Nokia and Siemens, recently ditched an effort to sell the joint venture. More →

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Cisco could cut 10,000 jobs to boost profit

By on July 12, 2011 at 11:40 PM.

Cisco could cut 10,000 jobs to boost profit

Cisco could cut as many as 10,000 jobs — 14% of the company’s employees — in an effort to boost profits, Bloomberg reported on Tuesday. 3,000 Cisco employees accepted buyouts and early retirement packages, which will cost Cisco between $500 and $1.1 billion during the fourth quarter. While the layoff plans aren’t final, 7,000 more jobs could be cut by the end of August. The move comes as analysts predict that Cisco’s router and switches business will continue to slide into next year, and the company believes the job cuts could save it as much as $1 billion during 2012. “We will provide additional detail on the cost reductions, including layoffs, on our next earnings call,” Cisco spokesperson Karen Tillman said. The call is scheduled for early August. On April 12th, Cisco announced that it was restructuring its consumer business and killing off its Flip video camera arm.  More →

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Apple suppliers cut iPhone 4 production ahead of iPhone 5 launch

By on June 21, 2011 at 8:30 AM.

Apple suppliers cut iPhone 4 production ahead of iPhone 5 launch

Printed circuit board (PCB) suppliers in Taiwan have noticed “disappointing orders” for iPhone and iPad hardware, according to DigiTimes. As a result, the suppliers have cut quotes by 10% on average for the second quarter, noting that there’s no sign of a rebound. The drop in iPhone hardware orders suggests that Apple’s highly anticipated next-generation iPhone is imminent; it’s largely expected that the company will take the wraps off of the device in September. The PCB suppliers that are cutting hardware sales expectations include Compeq Manufacturing, Nan Ya PCB, Tripod Technology and Unimicron Technology. More →

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