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layoffs

Google plans to reinvent Motorola by laying off 20% of its workforce

August 13th, 2012

It has only been a few months since Google (GOOG) completed its acquisition of Motorola Mobility, however The New York Times is reporting that the Internet giant has notified employees about a huge round of upcoming layoffs. Google will eliminate 20% of Motorola’s workforce according to a regulatory filing, a third of which will come from …

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

July 31st, 2012

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 will let go of 3,000 workers on August 13th, mainly from its customer service, human resources, marketing, non-enterprise sales and Global Repair …

Best Buy to lay off 2,400 workers

July 6th, 2012

Best Buy plans to lay off approximately 2,400 employees according to a recent report. Dow Jones Newswires on Friday reported that Best Buy will soon dismiss as many as 2,400 workers including 600 Geek Squad representatives. Best Buy acquired Geek Squad, its PC repair arm, in 2002. “We are working to minimize the impact of the …

RIM to cut more than 10% of workforce as struggles continue

May 28th, 2012

Research In Motion will reportedly lay off at least 2,000 workers as the company struggles to regain its footing in a smartphone market dominated by just two vendors. RIM added two new executives earlier this month, chief marketing officer Frank Boulben and chief operating officer Kristian Tear, but the Waterloo, Ontario-based smartphone maker is now preparing …

Sony confirms plans to shed 10,000 jobs amid shake-up

April 12th, 2012

Sony on Thursday confirmed earlier rumors suggesting plans to release 10,000 workers during the course of fiscal 2012. The figure includes employees expected to leave Sony as part of various business sales, however. The move, which is part of a larger effort to restructure and cut costs, will result in a 6% workforce reduction. The Japan-based …

Sony to cut approximately 10,000 jobs

April 9th, 2012

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 will apparently come from consolidating the company’s chemicals and small and mid-size LCD operations, and are expected to be made over the …

Yahoo announces plans to lay off 2,000 workers

April 4th, 2012

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 workforce reductions will be spread across a number of units within Yahoo including its product division, local business unit, marketing division and …

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

March 23rd, 2012

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 …

Nokia to cut 1,000 jobs from Finnish phone plant

March 22nd, 2012

Nokia on Thursday announced that it will cut as many as 1,000 jobs at its plant in Salo, Finland. The company’s layoffs will happen gradually through 2012, with most cuts happening by the end of June, Reuters reported. The Salo plant is the last large cell phone manufacturing plant in Western Europe, as most businesses …