Posts tagged “Layoffs”
Veteran journalist Jim Shamp sees upside and downside in the recently announced job cuts at GlaxoSmithKline. After all, he notes, cuts in the past as GSK evolved locally from Burrough Wellcome to Glaxo to Glaxo Wellcome and today have produced a harvest of new companies, new ideas, and products. "Yes, a shakeup like GSK's cutback announcement is shattering," he writes. "But these are smart, talented people who will get back on their feet and contribute greatly to North Carolina's life science future."
Parata Systems, a manufacturer of robotic drug dispensing systems in Durham, is downsizing two facilities and laying off 110 workers. The total represents more than 40 percent of its Triangle work force.
Dr. Derek Lowe, a veteran pharmaceutical scientist and long-time Internet blogger, was among the first to report details of GSK's 20% job force reduction in RTP. Fed information from friends and contacts within the industry, he has written several insightful blogs about what's happening at the drug giant and across the pharmaceutical industry, particularly in R&D. And he tells WRAL TechWire that GSK's cuts are a "severe blow" to the Triangle.
GlaxoSmithKline will lay off hundreds of research and development workers at its Research Triangle Park campus, the company said in an official notice to the state.
Up to 450 employees of drug giant GlaxoSmithKline who face being laid off may find employment quickly at Parexel, a life science research firm with an office in RTP. GSK says it has signed a letter of intent to create a GSK-focused group within Parexel.
Trending in the Triangle: Get the pulse of technology in the Triangle with the best in local technology, venture, biotech, and life science news on Wednesday, Dec. 3, 2014 as curated by @WRALTechWire.
In a statement, GlaxoSmithKline explains the cutbacks being made in research and development at Research Triangle Park and other locations. "Our proposed changes to R&D will sharpen the focus in discovery and development and reduce funding in certain areas of the pipeline," the drug giant says.
GlaxoSmithKline is preparing to lay off hundreds of workers in the U.S., according to various media reports. A company spokesperson in RTP, where the company operates its North American headquarters, confirms that a reorganization is underway but won't comment on specifics.
IBM is said to be making huge job cuts but few people in the U.S. know about it because the reductions are taking place in India. Some reports say the cuts are hitting as many as one third of the 165,000 Big Blue workers there. Meanwhile, IBM's CEO is replacing the head of Global Technology Services, the biggest revenue driver for the tech giant.
IT service providers continue to consolidate headcount across regions while seeking to optimize global delivery operations though automation. Technology Business Research Inc.'s (TBR) semiannual Global Delivery Benchmark documents vendor performance, attrition and utilization rates, as well as market, growth and profit drivers across 14 of the largest systems integrators.
In a conference call to discuss IBM's earnings report that missed Wall Street expectations and triggered an 8 percent drop in Big Blue shares as well as the company's decision to pay Globalfoundries $1.5 billion to take over its chip unit, chairman and CEO Ginny Rometty says she remains committed to the "reinvention" of the company. Read what she had to say in her own words.
IBM is shedding workers faster than trees drop leaves. More than 7,000 in the x86 server sale to Lenovo. Thousands more in giving away - yes, literally giving away with a $1.5 billion cash bonus - by dumping its chip business. And coming next? A $600 million resource action. In other words, more layoffs. One thing is clear: As IBM reported a drop in revenue for the 10th consecutive quarter its management is doubling down on more, rapid changes.
If Cisco workers being tossed overboard by John Chambers can find solace in the pain felt by the boss - well, just remember this: What Chambers said Thursday in Chicago about the latest cuts is nearly identical to what he said when layoffs were made last year. Deja vu all over again. Crocodile tears? You decide.
As part of a massive reorganization, Cisco is cutting 5 percent of its RTP-based workforce, or some 225 jobs. The networking giant disclosed the specific number of its in a notice to the state of North Carolina.
Access to widespread, high-speed, always-on connectivity is a necessity for business and a boon to public safety, leaders involved in the evolution of the internet said Monday at "Fiber Transforms the Triangle," a half-day conference presented by WRALTechWire at SAS.
Cisco is doing more than just laying off some 6,000 workers as part of a reorganization. the company also is switching up to 25,000 people in its routing and switching engineering group to two large work groups from individual teams, sources tell Business Insider.
Sprint layoffs; INC's new exec; FCC fines Marriott for Wi-Fi jamming; Red Hat's petabyte upgrade; Facebook's research changes; EU Oks WhatsApp deal
In today's wrapup of tech and life science news: Sprint is cutting jobs; INC Research adds new exec; Marriott fined $600,000 for Wi-Fi jamming; Red Hat scales up enterprise services; Facebook tightens research guidelines; and the EU OKs $19 billion Facebook-WhatsApp deal.