T-Mobile to cut 5% of workforce, close seven call centers

By on March 23, 2012 at 6:00 PM.

T-Mobile to cut 5% of workforce, close seven call centers

T-Mobile is looking to restructure the company and in doing so, it will cut 5% of its workforce and closing seven call centers over the next three months, The Wall Street Journal reports. The carrier said the job cuts were necessary and will help fund its planned $4 billon 4G LTE network. As both Verizon and AT&T continue to add subscribers, T-Mobile shed 1.7 million customers last year alone. “The customer base is less and the call volume is lower,” said Cara Walker, a spokeswoman for the carrier. “This is an effort to optimize our operations.” The spokeswoman declined to disclose how much T-Mobile expects to save annually by cutting approximately 1,800 jobs, however, instead commenting that further cuts wouldn’t impact the remaining 17 call centers, engineers, technicians or salespeople in T-Mobile’s retail locations. 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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Foxconn to replace part of workforce with 1 million robots

By on August 1, 2011 at 9:20 AM.

Foxconn to replace part of workforce with 1 million robots

Hon Hai-owned manufacturing giant Foxconn intends to release a portion of its workforce in favor of 1 million new robot workers according to a new report. Xinhua News Agency said on Friday that Hon Hai chairman and founder Terry Gou confirmed the news, seemingly in callous fashion at an employee dance party. The new robots will be used to perform “simple and routine work” such as part assembly and welding. Foxconn currently employs approximately 1.2 million people and also utilizes 10,000 robots. According to the chairman’s reported comments, the number of robot workers will increase to 300,000 next year and 1 million in three years. It is unclear how much of Foxconn’s current workforce will be let go following the introduction of these new robots. Foxconn’s treatment of its workforce has garnered a great amount of attention following a string of employee suicides. 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 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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Nokia trims upcoming round of layoffs from 800 to 500 workers

By on January 14, 2011 at 4:44 AM.

Nokia trims upcoming round of layoffs from 800 to 500 workers

A Nokia spokesperson confirmed on Thursday that Nokia will cut fewer jobs in an upcoming round of layoffs than it initially announced. Speaking with Bloomberg Businessweek, Nokia spokeswoman Paeivyt Tallqvist confirmed that Nokia’s upcoming workforce reductions would trim 500 workers from various locations in Finland. The cell phone maker said last month that 800 employees would be let go. According to the revised agreement with unions, Nokia will cut 120 jobs from its headquarters in Espoo, 198 from its Tampere location, 103 from Oulu and and 82 from its manufacturing plant in Salo. More →

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