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Posts tagged “Layoffs”

Updated 11:25 a.m. Tuesday

Despite layoffs at GSK, raise a glass (at least) half full

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."

GSK Headquarters      GSK Headquarters

December 9

Durham robotic firm laying off more than 40% of local work force

Layoffs       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.

Updated December 5

Premium Lock GSK cuts a 'severe blow' to RTP, says science blogger at forefront of layoff reports

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.

Updated December 3

GSK files notice confirming 'approximately 900' layoffs in 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.

GSK's R&D facility in RTP  GSK's R&D facility in RTP

Updated December 3

Hundreds of GSK workers could end up at new RTP employer

GSK  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.

December 3

#WTWTrends: GSK jobs, HQRaleigh, startups, innovation grants, and Airbnb Trending in the Triangle

Trending in the Triangle 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.

December 3

GSK's full statement on layoffs: Cuts are 'strategic'

GSK  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.

Updated December 1

Drug giant GSK reportedly will lay off hundreds in US

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.

GSK's R&D facility in RTP  GSK's R&D facility in RTP

November 4

Premium Lock As IBM reportedly cuts 50,000 India jobs, CEO replaces Global Services leader

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.

Slide from IBM shows declining services revenues Slide from IBM shows declining services revenues

November 4

Premium Lock Sprint slashing 5% of staff in $1.5B cost-cutting

Layoffs       Wireless carrier Sprint says it is eliminating 2,000 jobs, or about 5 percent of its staff, as part of an effort to cut $1.5 billion in annual spending. Sprint also cut jobs in October.

October 29

Premium Lock Report: Automation is eliminating jobs in outsourcing

India outsourcing  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.

Updated October 21

Premium Lock IBM's Rometty: Reinvention rests on speed, engagement, simplification

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.

Virginia Rometty Virginia Rometty

Tags: IBM, Layoffs
Updated October 20

Premium Lock Rank-and-file IBMers pay the price as Big Blue's reboot accelerates

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.

Virginia Rometty  Virginia Rometty

Updated October 17

Premium Lock Cisco's Chambers on layoffs: '13 cuts 'most painful decision;' '14 layoffs 'hardest decision'

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.

John Chambers John Chambers

October 16

Premium Lock Cisco is cutting 5% of its work force in RTP

Cisco's campus on Kit Road in RTP 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.

Updated October 14

Premium Lock Fiber changes face and place of Triangle work force

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.

Updated October 9

Premium Lock 'We are not done:' Massive Cisco reorganization affects 25,000 workers

Cisco's campus on Kit Road in RTP 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.

Updated October 6

Premium Lock Quintiles shutting down its continuing education business

Quintiles        Quintiles, the world's largest life science services company, is closing down its medical education business, the company tells WRAL TechWire, as part of a reorganization.

Updated October 6

Premium Lock 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

Bulldog 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.

September 29

Premium Lock Duke spin-off Regado Biosciences cuts workforce - again

Regado The termination of clinical trials of its blood clotting drug REGULATE-PCI in July coupled with struggling stock prices prompts the company to rethink its strategic direction.

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