Posts tagged “Layoffs”
INC Research's latest earnings report reflects growth in earnings, revenue and hiring. But a separate SEC filing discloses 175 layoffs as part of a reorganization. More are coming. Company execs also say they are using more contractors, which often are more expensive than full-time employees. What's going on? CROs such as INC, and Quintiles are battling for a particular kind of talent. They are known as CRAs.
BASF says its layoffs in Research Triangle Park are expected to affect "only 106 jobs," not as many as 190 as cited in a mass layoff filing with the state of North Carolina.
Argos Therapeutics, which is the midst of a crucial Phase 3 clinical trial, says it is cutting 13 percent of its work force to help cut costs. The company also says its chief operating officer is stepping down.
Analysis: Intel is turning from one legacy - a performance relying on chips for PCs - to a new one focusing on "cloud," mobile devices, 3D and other opportunities. As PC sales tumble, Intel is rebooting, and look for the tech giant to stabilize by mid-2017, says Technology Business Research analyst Krista Macomber.
A new research study from the Pew Research Center that charts public predictions on the future of workforce automation was released today. Nearly two-thirds of Americans expect that robots and computers will do much of the work currently done by humans.
Workers at IBM began telling the media through a Facebook site that Big Blue has started another round of layoffs on Wednesday. Later, the company confirmed that layoffs had begun in what it calls "workforce rebalancing." However, IBM also denied a report that it was cutting as much as one third of its workers in the U.S.
IBM, which recently sharply reduced severance pay packages for laid-off employees, is issuing layoff notices today to some workers in Research Triangle Park and at other U.S. locations, workers are telling the "Watching IBM" website. One called the cuts a "mass firing." IBM declines comment.
NetApp is cutting jobs at its big campus adjacent to Cisco in Research Triangle Park, but the storage tech company won't say how many. Despite the cuts, a NetApp spokesperson says the company remains committed to its N.C. operation.
Failure of a potential transplant treatment in a late-stage clinical trial triggered more than an 80 percent plunge in the price of Chimerix shares two months ago. The Durham drug development firm on Monday disclosed it had slashed its work force by 20 percent and also was cutting R&D spending.
BASF is slashing the size of its plant biotechnology unit in half, and layoffs will hit the BASF operation in Research Triangle Park.
Storage technology firm NetApp is cutting 12 percent of its work force, or some 1,400 jobs, as part of a "restructuring." The news comes after the company reported revenues and earnings that missed Wall Street expectations. NetApp says its RTP operations will be hit.
NetApp, which has a major campus in Research Triangle Park with some 1,600 employees, is going to cut 12 percent of its total work force as part of a "pivot" announced by CEO George Kurian on Wednesday after the markets closed. In his own words, he explains why.
Swiss financial services giant Credit Suisse is cutting 4,000 jobs. The layoffs were disclosed Thursday after the bank disclosed a massive pre-tax loss for the fourth quarter. Credit Suisse employs some 1,700 people in the Triangle.
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.
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.
Alliance@IBM - the effort to unionize IBMers - is closing down. But a new Facebook page titled "Watching IBM" organized by long-time Big Blue workers Lee Conrad vows to "fulfill the information gathering and dissemination that the Alliance did." Among the first posts: A reiteration of a report that another round of layoffs is about to hit the tech giant.
North Carolina's jobless rate declined to 5.6 percent in December, but that doesn't mean companies aren't cutting jobs. A report this week that Xerox is cutting 178 jobs in Cary in just one of nine layoff reports totaling more than 2,400 jobs as reported to the North Carolina Department of Commerce.
Analysis: Wariness about how the forthcoming Dell-EMC merger will affect VMware and news in Tuesday's earnings call that the storage technology company is cutting hundreds of jobs are short-term headwinds, writes analyst Andrew Smith of Technology Business Research. Why? In an in-depth analysis, Smith explains why TBR believes VMware is "on the right track."
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- House bill would curb new regulation of e-cigarettes, cigars