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Posts tagged “Layoffs”

Updated 3:57 p.m. Monday

Premium Lock 'War on talent:' Hiring, layoffs, finding contractors headline news at INC

INC Research 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.

Updated 6:09 a.m. Monday

BASF: Layoffs expected to affect 106 jobs in RTP

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.

Inside BASF's RTP facility. Inside BASF's RTP facility.

April 20

Argos Therapeutics cutting 13% of work force; COO resigns

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.

Argos' production facilty Argos' production facilty

Updated April 20

Premium Lock Inside Intel: Slashing 12,000 workers is key to reboot toward a new legacy

Intel 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.

March 23

Premium Lock Credit Suisse is cutting more jobs; Triangle impact not clear

Credit Suisse Credit Suisse is cutting another 2,000 jobs, up from 4,000 cuts announced just a few weeks ago. The Swiss financial giant has a major presence in the Triangle.

March 10

Premium Lock Americans predict that robots will take majority of jobs by 2065

Pew Research on Workforce Automation 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.

March 3

Premium Lock IBM confirms layoffs in what it terms 'workforce rebalancing'

IBM's Ginni Rometty  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.

Updated March 2

Premium Lock Workers: IBM layoffs hitting RTP, other US locations

IBM layoffs     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.

Tags: IBM, Layoffs
March 2

Premium Lock NetApp: RTP remains 'major facility,' won't disclose layoff numbers

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.

NetApp's RTP campus  NetApp's RTP campus

Updated March 1

Premium Lock Chimerix discloses 20% slashing of work force after drug trial failure

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.

Chimerix 80% dive in December Chimerix 80% dive in December

February 29

Premium Lock Big Blue jobs on 'chopping block' in UK; Buffett 'could be wrong' on IBM stock

IBM                          IBM is preparing to make job cuts in the U.K. as part of its ongoing reorganization, and billionaire Warren Buffett concedes he "could be wrong" about his major investment in Big Blue.

February 25

Premium Lock BASF cutting half of jobs in crop science business

BASF is slashing the size of its plant biotechnology unit in half, and layoffs will hit the BASF operation in Research Triangle Park.

Inside BASF's RTP facility. Inside BASF's RTP facility.

Updated February 18

Premium Lock NetApp: Layoffs will hit RTP campus; exact number not disclosed

Layoffs        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.

Updated February 18

Premium Lock In NetApp CEO's own words: Why he's cutting 12% of work force

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.

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

February 4

Premium Lock Credit Suisse, which has big Triangle presence, is cutting 4,000 jobs

Layoffs        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.

Updated February 3

Premium Lock Yahoo to cut 1,700 jobs + A graphical view of the struggling tech giant

Marissa Mayer 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.

Updated January 29

Premium Lock Xerox, which is cutting 178 Cary jobs, will split; losses mount

Xerox  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.

Updated January 27

Premium Lock 'Watching IBM:' Former union group launches already fiesty Facebook page

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.

Watching IBM Watching IBM

January 27

Premium Lock Xerox cutting 178 jobs in Cary; firms cut 2,400 jobs in NC this month

Layoffs 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.

January 27

Premium Lock Facing Wall Street headwinds, VMware making layoffs but outlook positive

VMware 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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The Skinny: A Blog by Rick Smith