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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 …

LG denies mobile business layoffs

September 9th, 2011

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 …

LG lays off 30% of its mobile employees overseas

September 8th, 2011

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, …

Foxconn to replace part of workforce with 1 million robots

August 1st, 2011

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 …

RIM to lay off 2,000 employees, reorganize management

July 25th, 2011

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 …

Cisco could cut 10,000 jobs to boost profit

July 12th, 2011

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 …

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 …