Posts tagged “Layoffs”
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.
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.
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.
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.
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.
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.
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.
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.
NetApp is laying off 650 workers but won't say how many cuts will be made in RTP. A company spokesperson says it won't meet job targets set when it committed to expansion in return for tax incentives.
AT&T is closing a call center in Goldsboro that was flooded during hurricane Matthew but the affected employees are being offered a chance to transfer to other locations. AT&T is offering them a $10,000 relocation allowance.
Charter Communications, the new parent of Time Warner Cable, will lay off 258 employees at its Charlotte location starting this November, according to a notice filed to the state Commerce Department. In a statement, Charter says the affected workers were offered the opportunity to keep their jobs if they chose tor elocate.