Posts tagged “Layoffs”
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.
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.
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.
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.
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.
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.
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?