Posts tagged “Layoffs”

Updated June 12

Premium Lock Twitter cuts 9 percent of workforce + Graphical view: Slowing user growth

Twitter Twitter, seemingly unable to find a buyer and losing money, is cutting about 9 percent of its employees worldwide. Plus: A graphical view of its slowing growth.

Updated June 12

Premium Lock Yahoo to cut 1,700 jobs + A graphical view of the struggling tech giant

Marissa Mayer Yahoo is laying off about 1,700 employees and shedding some of its excess baggage in a shake-up likely to determine whether CEO Marissa Mayer can save her own job. Plus: an interactive graphical view at Yahoo's shrinking headcount and other financial data.

Updated June 12

Premium Lock Xerox, which is cutting 178 Cary jobs, will split; losses mount

Xerox  Xerox is separating into two independent publicly traded companies. It operates an outsourcing and call center in Cary where 178 jobs are being cut. The company also reports its 15th consecutive quarter of declining sales. Plus, here's a graphical look at Xerox shares.

June 8

Hey, Lowe's - Consider The Skinny an 'outsourced' customer after offshoring jobs

Layoffs        For years, The Skinny has been a very loyal customer at Lowe's buying everything from appliances to flowers, fertilizer to tools. No more. The Mooresville-based company says it is laying off some 125 IT workers, and "many" positions are being outsourced to India. So The Skinny is outsourcing home improvement shopping elsewhere. It's time to take a stand.

Updated March 31

Premium Lock IBM confirms new layoffs as part of a talent 'remix'

IBM layoffs     A Facebook page set up to give voice to IBM workers lit up Thursday with employees reporting another round of layoffs. An IBM spokesperson confirms that some jobs are being cut but affected workers "are being offered jobs" elsewhere within the company.

Updated March 23

Premium Lock Windsor Circle's CEO on pivot, layoffs: 'Buck stops with me'

When news broke that Windsor Circle, one of the Triangle's best-known emerging entrepreneurial companies, had laid off nearly half its staff, CEO and co-founder Matt Williamson didn't duck media questions. "Buck stops with me," he says. Some senior staff also were reduced to consulting roles, but Williamson insists the company;s culture hasn't been damaged.

Matt Williamson Matt Williamson

March 23

Premium Lock Inside the Windsor Circle pivot: Why the change, why the layoffs?

Windsor Circle co-founder and CEO Matt Williamson explains why the company is changing its focus to larger customers - and why the move meant the layoffs affecting nearly half the firm's staff.

Windsor Circle Windsor Circle

March 16

Premium Lock As Oracle cuts jobs, no discussion in trash-talking earnings call

Larry Ellison Is the parking lot at the former, massive Tekelec headquarters in Morrisville a lot more vacant these days? Oracle is continuing to cut jobs, but in a conference call about its latest earnings report Chair Larry Ellison and other execs skip restructuring while Ellison trashes Amazon.

March 10

Premium Lock Durham drug firm Argos to slash 38% of work force - 46 jobs

Argos Durham-based Argos Therapeutics is cutting 38 percent of its work force (46) jobs in a cost-cutting move.

Updated March 8

Premium Lock Oracle won't comment on report of 'huge' layoffs in Morrisville

Layoffs described as "huge" that hit "all departments" at Oracle's operations in Morrisville on Tuesday have cost a lot of former Tekelec workers their jobs, but Oracle refuses to comment.

Tekelec's headquarters Tekelec's headquarters

Updated February 28

Premium Lock Cempra cuts 2/3 of workers, stock falls 21% after drug falls short in study

Layoffs        ​Clinical-stage drug maker Cempra saw its stock price fall 21 percent after it cut 67 percent of its workforce and reported earnings that missed analyst expectations, according to the financial results released Tuesday.

February 15

Premium Lock Filings: Convergys laying off 169 in Greenville; Canopy Financial raises $1.2M

North Carolina Business News Wire In the latest N.C. securities filings news: Convergys, a customer experience outsourcing company, will lay off 169 employees at its Greenville location later this year, and Canopy Financial Advisors raises $1.2 million.

Updated January 26

Premium Lock As another reorg hits, IBM employee turmoil grows despite CEO's pledge to add 25,000 jobs

Despite Chair and CEO Ginni Rometty's pledge that IBM would add 25,000 jobs over the next four years, current employees report that layoffs in the U.S. continue.And now comes word of a restructuring in its emerging cloud business with a long-time executive stepping down.

IBM's Ginni Rometty        IBM's Ginni Rometty

Updated January 18

Premium Lock Filings: Call center laying off 160; Asheville firm raises more cash

North Carolina Business News Wire In the latest filing news across N.C.: A call center in Rutherford County is laying off 160 people. Meanwhile, Asheville-based Avadim Technologies is raising more cash.

December 19, 2016

Premium Lock Report: Lenovo slashes 4,200 of 5,000 workers in Brazil

Layoffs        Lenovo, which has made major efforts to drive PC sales in Brazil, is gutting its work force there in order to cut costs.

November 30, 2016

Premium Lock Becton Dickinson confirms plant being shut in Creedmoor

Layoffs        Becton Dickinson on Tuesday confirmed that a manufacturing plant is being shut in Creedmoor.

November 23, 2016

Premium Lock Winston-Salem plant to shut down; 123 workers losing jobs

Layoffs        Kaba Ilco Corp., a manufacturer and supplier of mechanical and electronic locking system solutions, hotel locks, access control systems and safe locks, says it will move most of its jobs to a Mexican operation.

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The Skinny: A Blog by Rick Smith