Nokia Siemens to slash 17,000 jobs by 2013 in restructuring move

By on November 23, 2011 at 9:00 PM.

Nokia Siemens to slash 17,000 jobs by 2013 in restructuring move

After Nokia and Siemens failed to sell Nokia Siemens Networks, the joint venture announced on Wednesday that it will cut 17,000 jobs around the globe by 2013 as part of a restructuring move that will focus on services and mobile broadband. “Our goal is to provide the world’s most efficient mobile networks, the intelligence to maximize the value of those networks, and the services capability to make it all work seamlessly,” Nokia Siemens CEO Rajeev Suri said. “Despite the need to restructure parts of our company, our commitment to research and development remains unchanged, with investment in mobile broadband expected to increase over the coming years.” In addition to the layoffs, Nokia Siemens will cut production overhead and operating expenses by 1 billion Euros per year by 2013, Forbes said. The company explained that the savings is largely expected to come from organizational streamlining but that it will also look to save money in real estate costs, administrative expenses, information technology and more. The layoffs will be a result of site consolidation, moving activities to global centers and the “elimination of the company’s matrix organizational structure.” More →

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Motorola Mobility to shed 800 jobs ahead of Google merger

By on October 31, 2011 at 6:10 PM.

Motorola Mobility to shed 800 jobs ahead of Google merger

Motorola Mobility will spend $31 million as it lays off 800 employees ahead of its planned acquisition by Google, Bloomberg reported on Monday. Motorola said in a regulatory filing that it would spend $27 million in employee severance and an additional $4 million closing a number of existing facilities. “Motorola Mobility continues to focus on improving its financial performance by taking actions to manage the company’s costs,” company spokeswoman Jennifer Weyrauch-Erickson told Bloomberg. Google announced its intentions to purchase Motorola Mobility for $12.5 billion on August 15th. Google CEO Larry Page said the acquisition would provide Google with patents that will help the company defend its Android partners in lawsuits with Microsoft, Apple and others. More →

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HP may layoff 500 employees, finally bury webOS

By on October 28, 2011 at 12:15 PM.

HP may layoff 500 employees, finally bury webOS

HP said earlier this year that it was planning to kill off its webOS hardware business, and reports suggested it was planning to sell the division to another company or that it might use the mobile operating system for smaller side projects. The Guardian reported on Friday that HP may kill off the division entirely and terminate as many as 500 employees who work with webOS. “There’s a 95% chance we all get laid off between now and November, and I for one am thinking it’s for the best,” an anonymous HP employee reportedly told The Guardian. HP has not pulled the trigger yet, however, and if its 180-degree turnaround on a decision to keep its PSG business as part of the company is any indication, we won’t know the webOS verdict until new CEO Meg Whitman hammers the final nail in its coffin or announced that it will be reborn.  More →

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Nokia cuts 3,500 more jobs

By on September 29, 2011 at 8:01 AM.

Nokia cuts 3,500 more jobs

Nokia announced on Thursday that it will “continue to align its workforce and operations” by reducing its headcount by roughly 3,500 workers. This new round of personnel reductions is in addition to earlier cuts announced this past April, and it will take effect by the end of next year. Approximately 2,200 of the laid off workers will come from the closure of Nokia’s factory in Cluj, Romania, which began operations in 2008, and another 1,300 cuts will take place within the company’s Location & Commerce unit. “We are seeing solid progress against our strategy, and with these planned changes we will emerge as a more dynamic, nimble and efficient challenger,” Nokia CEO Stephen Elop said in a statement. “We must take painful, yet necessary, steps to align our workforce and operations with our path forward.” Nokia’s full press release follows below. More →

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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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LG denies mobile business layoffs

By on September 9, 2011 at 10:30 PM.

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 the performance of our mobile business but no decision has been made as to any job reductions,” according to Reuters. Korea Economic Daily said on Thursday that LG was letting go of 30% of its mobile employees in an attempt to turn around its struggling mobile business, and LG said the report was simply “speculation.” The article also said the Korean-based company had plans to begin domestic layoffs in the near future. More →

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LG lays off 30% of its mobile employees overseas

By on September 8, 2011 at 11:01 PM.

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 included employees in the purchases and mobile marketing departments, and in unprofitable groups. LG said the Korea Economic Daily report was speculation, but the Korean news outlet noted that LG is planning to layoff members of its mobile business team in Korea, too. LG’s mobile business grew during the second quarter of this year but the division still failed to turn a profit. The mobile arm reported a $49.8 million loss on sales of $3 billion last quarter. 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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RIM to lay off 2,000 employees, reorganize management

By on July 25, 2011 at 8:41 AM.

RIM to lay off 2,000 employees, reorganize management

Research In Motion will lay off 2,000 of its employees, or about 10% of its total workforce, as part of a cost optimization program. “The workforce reduction is believed to be a prudent and necessary step for the long term success of the company and it follows an extended period of rapid growth within the company whereby the workforce had nearly quadrupled in the last five years alone,” the company said in a statement. The BlackBerry maker is also reorganizing several of its top management positions. RIM’s company statement does not mention any changes to the Co-CEO and Co-Chairman roles held by Mike Lazaridis and Jim Balsillie. RIM recently lost several executives, including the Vice President of digital marketing and media and the BlackBerry PlayBook senior product manager, to competitors including Samsung. Read on for the full press release. More →

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Cisco to cut 6,500 jobs to boost profits

By on July 20, 2011 at 3:14 AM.

Cisco to cut 6,500 jobs to boost profits

Cisco announced on Tuesday that it will layoff 9% of its workforce, or 6,500 jobs, in an effort to boost profits. That figure is lower than original speculation that the company would cut 10,000 employees. Cisco made the move as part of an effort to cut $1 billion in annual costs while spurring profit growth, Bloomberg reported. 2,100 of the 6,500 employees have agreed to an early-retirement program. Additionally, Cisco plans to sell a Juarez, Mexico-based manufacturing facility to Foxconn. The move will transfer 5,000 workers elsewhere but will not result in job cuts. Earlier this year, the company laid-off 550 additional employees when it announced that it was killing off its Flip camera arm in an effort to restructure its consumer business. 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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Specific Media buys Myspace for $35 million, cutting staff by 50%

By on June 29, 2011 at 2:43 PM.

Specific Media buys Myspace for $35 million, cutting staff by 50%

According to AllThingsD Specific Media has acquired Myspace from News Corp. for $35 million. Reportedly, Myspace’s CEO, Mike Jones, will remain for “an interim period,” and the social network will lay off half of its staff, or about 200 people. Myspace, which has seen a sharp decline in traffic over the years since it was acquired by News Corp in 2005 for $580 million, announced in January that it was laying off 47% of its employees. News Corp. will maintain less than a 5% stake in the company. More →

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Layoffs begin at RIM, report claims

By on June 21, 2011 at 1:20 PM.

Layoffs begin at RIM, report claims

Waterloo, Ontario-based Research In Motion has begun laying off workers according to a report from a local newspaper on Tuesday. The Waterloo Region Record reports RIM has already begun reducing its staff, though there is no word on how many employees have been let go at this point. Last week, RIM reported a weak first quarter and poor fiscal 2012 guidance that sent investors running for the door. RIM’s Co-CEOs also confirmed on an earnings call that the company would be reducing its workforce, though no time frame was provided, and that the launches of several upcoming BlackBerry devices have been delayed. Shares of RIM stock have fallen more than 25% since the company reported its earnings last week, and it is down more than 50% so far this year. More →

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