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restructuring

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 …

Nokia Siemens Networks to lay off more than 4,000 workers in Europe

February 1st, 2012

Nokia Siemens Networks recently announced that it will cut as many as 1,200 jobs in Finland and lay off another 2,900 workers in Germany as it begins to restructure the company. Both Nokia and Siemens originally tried to sell the joint venture, which has struggled to report a profit, but gave up those plans this …

Sony Ericsson reports Q4 losses, but is slowly picking up the pace

January 23rd, 2010

Things aren’t looking so pretty at Sony Ericsson as the handset maker a little while ago posted its fourth-quarter earnings showing a loss of $270 million, pre-tax. Of course, this should come as no surprise to anyone since SE’s earnings reports the past few quarters, six to be exact, were just as disappointing. The company …

Samsung announces reorg, splits into two divisions

January 16th, 2009

Keeping the good times rolling today, Samsung has announced that it will undergo a massive reorginization in an effort to stay afloat during the economic downturn. Among the info it smacked shareholders with this morning, the company will split into two separate divisions: a Digital Media and Communications division that will focus on mobile phones, …