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Tagged: layoffs

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January 31, 2013
13:26 • 3 months ago
So HMV laid off a bunch of people today. And someone got the crazy idea of live-tweeting it on the corporate account. Well, that was fun.

So HMV laid off a bunch of people today. And someone got the crazy idea of live-tweeting it on the corporate account. Well, that was fun.

October 30, 2012
14:58 • 6 months ago

  • 10,000 UBS employees will lose their jobs over the next three years as part of a 3.4 billion Swiss franc ($3.6 billion) company overhaul. The Swiss bank plans to exit the fixed income market, and return to a focus solely on private banking. Most of those laid off will be located in Switzerland, though sizable cuts are headed to the company’s UK and US operations as well. The first cuts went public today after a number of UBS employees were unable to to enter the bank’s building in London this morning. source

October 24, 2012
21:29 • 6 months ago

  • $317M the amount Zynga made in revenue in its most recent quarter, which beat analyst expectations weeks after the company put out a warning about its earnings.
  • 78% the decline in audience the company saw for a recent game, The Ville, in just a handful of months. By pure numbers, that’s a decline from 7.8 million active players to 1.7 million.
  • 5% the percentage of the company’s 3,000 employees that are going to get fired by the company. Reportedly, the company laid people off while people were focused on yesterday’s Apple event.
  • 13 the number of games the company plans to shut down in an effort to improve its financial figures. So yeah, they’re not looking so hot these days. source

September 11, 2012
16:06 • 8 months ago

  • 1,000 workers will be cut from Eastman Kodak’s payroll by the end of the year, bringing the total number of employees laid off by the company in 2012 to 3,700.
  • $330M in salary and benefit expenses will be saved by the company as a result of the sweeping cuts. source

September 10, 2012
14:48 • 8 months ago

  • 2,000 more layoffs coming at Hewlett-Packard in the next two years, in an effort by former California gubernatorial candidate and current CEO Meg Whitman to right the ship at HP
  • 29,000 employees will be laid off by the end of fiscal 2014; the company expects to eat more than $3.3 billion in charges related to the reduction in workforce, which will lead to layoffs for just shy of 10% of the company’s 300,000 employees source

July 8, 2012
16:47 • 10 months ago
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June 14, 2012
14:16 • 11 months ago

  • execs Nokia Chief Marketing Officer Jerri DeVard, Executive Vice President of Mobile Phones Mary McDowell, and EVP of Markets Niklas Savander will all be shown the door, effective June 30.
  • layoffs The company will layoff approximately 10,000 employees, primarily as a result of plant closures in Canada and Germany, as well as cutbacks to the company’s Devices & Services division.
  • profits Nokia also announced that the layoffs and executive shuffling would mean lower Q2 profits than anticipated. Expected restructuring costs of €1 billion for Q2 tripled to €3 billion. source

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June 13, 2012
11:34 • 11 months ago

Here’s how four newspapers in the same chain as the New Orleans Times-Picayune, which is downsizing to three days per week, covered the same round of layoffs this morning. Anyone else think it’s telling that the Alabama papers all buried the story, while the Times-Picayune played it up as their centerpiece?

June 4, 2012
21:05 • 11 months ago
June 1, 2012
23:22 • 11 months ago
Recent posts and stuff we dig:
18:00 • 11 months ago
May 30, 2012
12:26 • 11 months ago

  • 2,500 jobs cut to offset recent financial setbacks source

» The layoffs follow a recent settlement between Olympus and former-CEO Michael Woodford, who sued the company for unfair-dismissal following his firing in October 2011. Woodford is responsible for unearthing massive investor losses by the company, $1.5 billion to be exact, and is expected to receive just over $15 million after settling the matter out of court. According to local media, Olympus plans to cut most of the 2,500 jobs from its camera-making division.

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May 24, 2012
16:32 • 12 months ago

  • 9,000 employees will be laid off before Halloween, according to an official statement released on Wednesday
  • 18,000 additional employees will be laid off by 2014, mostly from the Enterprise Services unit source

» So what about the remaining employees? No one is quite certain what plans CEO Meg Whitman has for the future of the company, though expectations are high considering her time as eBay’s chief executive. CareerBliss, a company with the stated goal of “helping you find happiness in the workplace”, says that employees have been less happy since Whitman became the company’s chief executive. Following reports of the layoffs, CareerBliss CEO and co-founder Heidi Golledge told Business Insider that honesty just might be the best policy. “This is a time for her and her team to be totally transparent,” said Golledge, adding, “HP employees need to be confident that the company has a future – and, just as importantly, that they have a future with it.”

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April 12, 2012
13:52 • 1 year ago

  • 380,000 new weekly jobless filings source

» Last week’s number was the highest since late January, and comes on the heels of electronics-giant Sony announcing 10,000 new layoffs as part of their “One Sony” initiative to turn around the company. (Yahoo also announced mass layoffs recently.) The new numbers follow a so-so monthly jobs report, released last Friday, which showed the economy had only added 120,000 jobs during March. That number was down from approximately 200,000 new jobs a month from December to February. It’s important to note that, prior to last week, this number — which changes weekly — was consistently hitting lows that hadn’t been touched since before the financial crisis in late 2008.

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