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severance

Nokia trims upcoming round of layoffs from 800 to 500 workers

January 14th, 2011

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 …

Nokia confirms plans to cut 800 jobs

December 14th, 2010

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 would have to cut this past October. Nokia said it has concluded negotiations with employee representatives, and it will give affected workers …

Oracle CEO Larry Ellison calls HP CEO firing "cowardly"

August 11th, 2010

Last Friday, HP CEO Mark Hurd resigned amidst sexual harassment allegations that his former employer chose to make public. Monday, in a letter to the New York Times, Oracle CEO Larry Ellison did not mince words about his thoughts on the forced resignation of Mr. Hurd. “The H.P. board just made the worst personnel decision since …

Microsoft retracts demand for payment of severance overage

February 24th, 2009

Word broke out over the weekend that Microsoft had sent letters to ex-employees asking for repayment of severance package overages. Apparently damage control was able to beat the Grinch out of HR because the company apparently decided to do the right thing. Microsoft human resources chief Lisa Brummel says the company is reversing its course …

Microsoft to laid off employees: We’re gonna need that cash back

February 22nd, 2009

Microsoft has allegedly sent out a notice to former employees (those who were recently laid off) to come back so they can pour a little bit of salt in their wounds. Apparently, human resources in Redmond made a little oopsie and overpaid severance for some ex-workers. According to the notice, the folks in question have …

Sprint Nextel execs top list of most overpaid!

October 10th, 2008

One would think that a company struggling and bleeding customers like Sprint would have executives bleeding themselves. Not so. Even after their obvious hardship to stay competitive, the fines and fees they’ve paid out for various reasons, like settling on litigation against ETFs, Sprint/Nextel executives are tops when it comes to compensation. It’s not a …