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Posts tagged “Layoffs”

May 22

Premium Lock So what next for NetApp? 'Flash,' for revenues, layoffs to cut costs

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.

NetApp's main building in RTP NetApp's main building in RTP

Updated May 21

NetApp cutting 500 jobs after disappointing earnings report

Inside NetApp's new RTP lab 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.

Updated May 19

Sources: NetApp cutting 15 percent of its work force at RTP campus

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.

NetApp's new 155,000 square foot lab in RTP NetApp's new 155,000 square foot lab in RTP

May 19

Prostitute guilty in Google exec death; Apple updates Macs; Allscripts cuts Raleigh jobs; anti-Muslim video back online; Alibaba's apology

Bulldog 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.

May 13

Judges divide $7B in bankrupt Nortel assets, but is nightmare over?

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?

Nortel's former RTP campus Nortel's former RTP campus

May 13

Samsung's 'smart' push; Square 1 exec changes; ChannelAdvisor layoffs; honoring Sagan; liquid biopsies

Bulldog 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.

Updated May 11

Lenovo confirms layoffs, says 235 people lose jobs in server group

Layoffs        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.

May 11

Sources: Lenovo will be laying off workers at x86 server business in RTP

Layoffs        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.

Updated May 7

Hospira layoffs start in July; PowerSecure shares surge; mobile search now No. 1; drones can spray crops; Netflix vs. AT&T deal

Bulldog 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.

Updated April 28

Missouri suspends incentives in IBM jobs dispute; lesson for NC?

IBM                        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?

April 16

Premium Lock Report: GSK shutting Pittsburgh office, eliminating 274 jobs

Layoffs        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.

April 13

Premium Lock Eisai cutting some 200 jobs but few at its RTP location

Layoffs        ​Eisai, the Tokyo-based global biopharmaceutical company, said only a "handful" of the company's 200-plus job cuts announced on Friday would involve the company's 190 employees in North Carolina.

Updated April 3

Premium Lock Nearly 1/3 of Salix work force cut; new owner plans 'limited presence' in Raleigh

Salix        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.

Updated March 23

Premium Lock Glaxo plans 180 layoffs in Durham

GSK's HQ in London GlaxoSmithKline notified the state Monday that it plans to eliminate 180 jobs at its Durham offices effective June 1.

Tags: Layoffs, GSK
Updated February 25

Premium Lock IBM's work force drops by 50,000 in 2014 under reboot

IBM layoffs     IBM's reboot as a company to focus more on cloud computing and software under top executive Ginni Rometty led to a massive reduction of its global work force in 2014. According to a filing with the SEC, Big Blue says it reduced headcount by more than 12 percent to under 380,000 from 431,000. The cuts came primarily through the sale of business groups such as the x86 server unit based in Raleigh to Lenovo. IBM says more change is coming in a "remix" of skills and resources.

Updated February 18

Premium Lock As Connelly exits, GSK's Triangle campus shakeout continues

The retirement of Deirdre Connelly as GSK's top North American executive on Monday, the naming of her replacement and new roles for two other senior managers are the latest in a series of changes transforming the drug giant's Triangle operations. We've got the latest update.

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

Updated February 18

Premium Lock GSK says Connelly 'made decision' to retire, discloses other changes

In a formal statement, GlaxoSmithKline praises Deirdre Connelly, who was replaced as president of U.S. Pharmaceuticals on Monday by Jack Bailey, another GSK executive. GSK also discloses two other management changes affecting U.S. operations.

GSK Headquarters        GSK Headquarters

Updated February 17

Premium Lock GSK's Deirdre Connelly out as head of US operations

Deirdre Connelly, who oversees GlaxSmithKline's operations in the Triangle from her office in Philadelphia, is retiring and will be replaced by another GSK veteran exec. The changes are effective immediately.

Deirdre Connelly Deirdre Connelly

February 12

Premium Lock Quintiles CFO warns: More restructuring - i.e. layoffs - coming

Quintiles' headquarters      Quintiles delivered a quarterly financial report Thursday that topped Wall Street expectations, but in a conference call Chief Financial Officer Kevin Gordon warned that "restructuring" is coming. This will be the third consecutive year that Quintiles has cut some jobs even as it looks to fill some 1,200 positions and increased its headcount by some 3,000 in 2014.

February 12

Premium Lock Chambers boasts Cisco cut 'more than 30% of our leaders' in layoffs, reorg

John Chambers  Cisco Chairman and CEO John Chambers is back in his bombastic, evangelistic war mood after the network giant's latest financials. And many of the victims were Cisco's own managers. "More than 30 percent of our leaders" were replaced in a recent reorganization - bloodbath? - he boasts. And 40 percent of all Cisco workers were put through a "realign." Reasons to boast?

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