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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 >>

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 >>

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 >>

Nokia confirms plans to cut 800 jobs

Nokia confirmed Tuesday that it plans to cut approximately 800 jobs in its home country of Finland. The newly confirmed work force reductions are in addition to the 1,800 jobs Nokia announced it >>

Modu cancels IPO, braces for layoffs

From the brink of an IPO to the brink of mass layoffs, Modu appears to be in deep trouble. The Israel-based company, known for building very tiny, very quirky phones, has turned its >>