Posts tagged “Layoffs”
As many as 200 former GlaxoSmithKline employees who were transferred to life science services firm Parexel earlier this year are reportedly being laid off today. However, the Boston-based company which has a large presence in the Triangle, isn't talking.
Layoffs have recently hit several large high-tech firms in the Triangle with Qualcomm becoming the latest to announce job cuts on Wednesday. Now a new survey finds optimism among the Triangle's booming startup community is cooling with more firms planning job cuts and less hiring.
Semiconductor chip firm Qualcomm, which has a design lab focused on mobile devices in Raleigh, is cutting 15 percent of its work force. The company also shakes up its board and mulls splitting into two firms.
Parexel, a provider of life science company services such as clinical trial management, is cutting 850 jobs across the company. Parexel, which recently agreed to take on some 450 workers from GlaxoSmithKline where they faced layoffs, would have some 900 Triangle employees assuming all the GSK workers were employed.
Drug giant Merck, one of the largest life science industry employers in the Triangle, cut jobs at its big vaccine manufacturing plant in Durham this week. The cuts are the latest to hit RTP area drug companies.
Still reeling from a disappointing quarterly earnings report and the layoffs of 500 workers (many of those cuts coming in RTP), storage tech firm NetApp now has to look for a new CEO In a terse announcement Monday, NetApp disclosed that chair and CEO Tom Georgens is out. Is the leadership change enough to right the company? One anlyst says no.
Analysis: Another weak quarter financially led NetApp to announce 500 layoffs this week with many of those taking place at its campus in RTP. The storage technology device firm is facing increasing competition and is relying on "flash" offerings to rebuild revenue even as it cuts costs. Technology Business Research analyst Stephen Belanger offers his insight into what the company will do next.
In an SEC filing Wednesday evening, data storage technology firm NetApp disclosed that it is laying off some 500 employees in a cost-cutting move. Many of those cuts are coming from NetApp's Triangle work force, sources say. NetApp won't spell out the number of local cuts but insists the firm remains "deeply committed" to North Carolina.
NetApp, its stock price under pressure and with competition "disrupting" its data storage business, is cutting some 15 percent or 200 positions of its work force at the company's big campus in Research Triangle Park, sources say. NetApp says it can't comment.
Prostitute guilty in Google exec death; Apple updates Macs; Allscripts cuts Raleigh jobs; anti-Muslim video back online; Alibaba's apology
In today's Bulldog wrapup of technology news: A prostitute pleads guilty in the death of a Google executive; Apple updates some of its Macs; Allscripts is cutting jobs in Raleigh; an anti-Muslim video is back online at YouTube; and Alibaba's founder apologizes for counterfeit goods.
Judges in the U.S. and Canada on Tuesday ruled on how to divide the more than $7 billion in assets from bankrupt Nortel Networks. After years of legal wrangling it appears the economic disaster that rocked the Triangle and cost thousands of jobs could finally be drawing to a close. Or is it?
Samsung's 'smart' push; Square 1 exec changes; ChannelAdvisor layoffs; honoring Sagan; liquid biopsies
In today's Bulldog wrapup of technology and life science news: Samsung launches a new push into "smart" devices; executive changes at Square 1 Bank; ChannelAdvisor confirms layoffs; honoring Carl Sagan; and new liquid biopsies could transform cancer treatment.
Lenovo confirms that it is cutting jobs in its x86 server business with 235 people being told Monday they were being laid off. Of those, 155 are based in the Triangle, a company spokesperson says. Lenovo only cut jobs in the U.S. Some contractors also were let go.
Lenovo will begin laying off workers at its server business in Research Triangle Park today, according to sources within the company. Lenovo won't talk about what's happening, but workers say employees were told last week that those being let go would be told Monday.
Hospira layoffs start in July; PowerSecure shares surge; mobile search now No. 1; drones can spray crops; Netflix vs. AT&T deal
In today's Bulldog wrapup of technology and life science news: Layoffs at Hospira's plant in Clayton will begin in July; PowerSecure shares surge after earnings report; mobile search tops PC search for first time; drones can now spray crops; and Netfix says the FCC should oppose the AT&T-DirecTV deal.
The debate over state and local tax incentives designed to encourage companies to create jobs - an on-going, acrimonious battle in North Carolina - has led to the suspension of benefits for IBM in Missouri where the state says Big Blue isn't meeting its promises. A spokesperson disagrees: "I'm telling you quite directly that IBM has fulfilled its obligation to the state." So who is right?
Drug giant GlaxoSmithKline, which already is cutting hundreds of jobs in the Triangle and in the Philadelphia area, is now in the process of closing an office in Pittsburgh where 274 people work, according to the Pittsburgh Business Times.
A total of 258 employees of Salix Pharmaceuticals in North Raleigh are to be laid off following the company's acquisition earlier this week by Canada-based Valeant Pharmaceuticals in a deal valued at more than $11 billion. The new owner plans to maintain a "limited presence" in Raleigh. The cuts - 289 in all - represent nearly a third of the Salix work force.