WRAL Tech Wire

 Lenovo acknowledges layoffs in Morrisville as part of shift to 'PC Plus' strategy

"Some" job cuts are made in staff at the executive headquarters of the world's No. 2 PC maker as it continues to transition to a more diversified lineup of products, a corporate spokesperson says.

NetApp is preparing for layoffs, report says

A private note from Piper Jaffray to its clients says theNetApp layoffs will total about 1,300 people and will come from under-performing operations, IT-publication The Register reports

 Quintiles made plans to cut 400 jobs as it geared up for IPO

With its stock trading at a new high on Tuesday, Quintiles disclosed before the markets opened in a regulatory filing that it set aside $15 million to cover the costs of "restructuring" 400 workers.

 Why did Nortel fail? Veteran reporter gets the inside story

So why did Nortel go bankrupt, causing 8,000 job losses in RTP alone? James Bagnall, the associate business editor of The Ottawa Citizen who followed Nortel closely for years, explains how a "rush to judgment" in 2001 sealed the fate of the former telecom giant.

Going inside Nortel's failure

 Layoffs coming? IBM plans $1B in 'workforce rebalancing'

After an earnings report that missed analysts' expectations for the first time since 2005, IBM's CFO says the tech giant anticipates in $1 billion in costs for "workforce rebalancing." Most of that expense will come over the next two months. The cost-cutting could mean big layoffs, but affected workers are likely to get chances to apply for other positions.

IBM's growth roadmap

 Cisco lays off some 500 people in 'limited restructuring'

In an email statement to NetworkWorld, the networking giant confirms that a "limited restructuring" took place earlier this week.

 CRO that emerged from Cetero bankruptcy closes, lays off workers

PRACS Intsitute, the contract research organization that emerged from Cetero Research, closed this week less than a year after emerging from bankruptcy.

 U.K. drugmaker AstraZeneca to cut 1,600 jobs in restructuring

Struggling pharmaceutical giant AstraZeneca will cut about 1,600 jobs in a corporate restructuring intended to turn around the U.K.'s second-biggest drugmaker.

 GSK to close Sirtris unit, move research to Philadelphia

GlaxoSmithKline (NYSE:GSK) is closing down Massachusetts company Sirtris Pharmaceuticals five years after the pharma giant paid $720 million to acquire the company researching treatments for diseases of aging.

 As stock rises, IBM moving hundreds of jobs south to Mexico

Big Blue has made its corporate strategy well known: Drive down U.S. headcount and shift jobs to lower-cost countries as part of a plan to increase share value. As the Dow Jones industrial average hits a record high with IBM helping drive it there, Big Blue discloses it's moving U.S. manufacturing jobs south of the border.

IBM layoffs

 Elster: Moving jobs to Mexico won't hit Raleigh HQ

Elster, a manufacturer of various metering devices and a developer of smartgrid technology, says the bulk of its North American headquarters won't be affected but the company's decision to move 98 manufacturing jobs south of the border.

 Elster cutting 98 jobs in Raleigh, another 200 jobs in Florida

Elster, a manufacturer of various metering devices and a developer of smartgrid technology, is shutting a Raleigh facility and another in Orlando.

 Flextronics shutting down Redbox DVD kiosk plant

The Singapore-based company filed notice of the plant closure last week with the state Department of Commerce. The notice states that the Creedmoor plant will close by the end of February, putting 157 people out of work.

 iRobot to close Durham office, lay off 30 workers

iRobot, the Massachusetts-based manufacturer of robots for military and domestic use, is shutting down its maritime drones operation in Durham as part of a corporate restructuring. The company bought a Duke faculty-founded firm in 2008.

An iRobots Seaglider

 Google to lay off 4,000 workers at Motorola Mobility

Two-thirds of the reductions will be outside the U.S., said the person, who declined to be identified because the matter isn't public. Google is also shutting down about one-third of Motorola Mobility's facilities, a source says.

 Japanese firm to close Durham drug discovery lab

Astellas Pharma is shutting down the former Dynogen Pharmaceuticals facility. Thirteen people currently work at the lab.

 Cisco to lay off 1,300 employees in latest cutback

The networking giant said Monday that about 2 percent of the company's payroll will be let go in a few months around the world but did not cite specific locations - including how many may be in RTP.

 Microsoft reportedly cuts hundreds of jobs

Microsoft, the world's largest software maker, has been working to control expenses as personal-computer sales have stagnated and its Internet-advertising business hasn't generated as much revenue as the company once expected. The lackluster online performance prompted the company to record a $6.2 billion writedown for the quarter that ended June 30.

 Cary-based Capitol Broadband closing, cutting 89 jobs

Capitol Broadband Management, founded by former Cary Mayor Glen Lang and once one of the fastest growing private companies in the United States, is closing down as of today, according to a notice filed with the state of North Carolina. Some assets have been sold for $20 million and some people will keep their jobs, a company executive says.

 Cary-based Capitol Broadband closing, cutting 89 jobs

Some of the firm's assets are being sold and some jobs will be retained. The company, founded by former Cary Mayor Glen Lang which also operates under the name Capitol Infrastructure, recently laid off two thirds of its employees. It filed for bankruptcy in April.

Glen Lang