Posts tagged “Layoffs”
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.
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.
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.
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.
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.
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.
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
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.
Cisco Systems began laying off employees at its Research Triangle Park campus on Tuesday. The company confirmed it is cutting jobs but would not disclose how many. It also is continuing to hire at the site, and laid-off workers can apply for open positions, the company says.
Analysis: Cisco recently announced another round of layoffs as it adjusts to a changing competitive environment for networking products and services. Will the reboot work?
Alliance at IBM, which is seeking to represent Big Blue employees, on Thursday issued a statement in which it warned current IBMers who will transition to Lenovo as part of the $2.3 billion x86 server transaction, about layoffs. it claimed big layoffs were part of the initial IBM-Lenovo PC deal in 2005. A senior Lenovo executive and a former IBMer involved in that deal says the union's claim is "not true."
A blogger about Cisco obtained access to internal video and audio recordings of company execs discussing the tech giant's new layoff round that will affect some 6,000 workers. Business Insider published some of the information, including an interesting remark from Chief Operating Officer Gary Moore. Plus, a new report shows one reason why Cisco is facing challenges: Its router market share has plunged.
Just two months ago, Cisco announced a major expansion of its work force in RTP with the promise of more than 500 new jobs. Wednesday night, Cisco's top executive disclosed plans to lay off some 6,000 workers across the company. It's the second large round of job cuts to hit the firm in a year.
Early in a conference call with analysts, Cisco Chairman and CEO John Chambers disclosed that a "limited restructuring" - i.e. layoffs - was underway at the tech giant. In his own words, Chambers describes why Cisco is cutting some 6,000 jobs.
Websites that automatically encrypt their services will now be boosted higher in Google's recommendation system. The move involves a change in the search engine giant's closely guarded formula for determining the rankings of its search results.
Nearly the entire staff of the Xbox Entertainment Studios division is being let go as part of Microsoft's huge announced job layoffs. So does this mean now live action video for the "gears of War" franchise Microsoft acquired from Cary-based Epic Games earlier this year? WRAL TechWire Insider John Gaudiosi reports exclusively for Insider subscribers.
Microsoft, which has a large software-related operation in Charlotte, is going to cut its work force by some 18,000 in coming months, the tech giant said Thursday. This would be the largest round of cuts at the company in five years.
Microsoft, which has a large software-related operation in Charlotte, is planning its "biggest round of job cuts in five years," reports Bloomberg news. The restructuring could be the biggest in the company's history.
In a candid presentation to Wall Street, Cisco's chief operating officer and president says the tech giant was "fat around the middle" and that he can "actually thank God" for the crisis that triggered thousands of layoffs and a restructuring three years ago. Those comments likely offer no comfort to the people who lost jobs, even if Cisco is better off as a company today after all the changes.