layoffs News

Sony to cut approximately 10,000 jobs

Sony will reportedly cut 10,000 jobs, or roughly 6% of its global workforce, in an effort to bring the electronics giant back to profit, Nikkei reported on Monday. The majority of the layoffs >>

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 >>

LightSquared plans to lay off 45% of its staff

LightSquared announced on Tuesday that the company plans to cut its workforce by 45% in an effort to cut costs. “This and other cost savings measures will allow LightSquared to continue to navigate the regulatory process >>

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 >>

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 >>