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layoffs News

RIM rumored to lay off 3,000 employees on August 13th

Research in Motion (RIMM) in June reported the worst quarter in the company’s history, and announced plans to reduce its global workforce by 5,000 people. According to Cantech Letter, the troubled smartphone manufacturer >>

Yahoo announces plans to lay off 2,000 workers

Yahoo on Wednesday confirmed plans to lay off more than 2,000 employees as part of new cost-cutting efforts. The Internet giant currently employs approximately 14,000 full-time workers and several thousand more contractors. The >>

Yahoo considers layoffs, reportedly freezes hiring

Yahoo has frozen its hiring process and may even consider layoffs according to a new report. The news was revealed by AllThingsD on Thursday, which wrote that the choices were made ahead of >>

LG denies mobile business layoffs

On Thursday, reports surfaced suggesting LG was laying off 30% of its mobile business workers overseas. The firm denied the rumors on Friday, however, stating “We are always looking at opportunities to improve >>

LG lays off 30% of its mobile employees overseas

LG has cut 30% of its overseas mobile staff as a result of the division’s recent poor performance, Reuters reported on Thursday. Korea Economic Daily broke the news and noted LG’s layoffs mostly >>