Posts tagged “Layoffs”
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.
IT groups boycott IBM; McConnell joins Keona board; Siemens slashing jobs; NC bank picks SAS; NetApp raising $500M; DataChambers picks contractor
Bulldog tech and life science roundup: Tech groups boycott IBM, Manpower, Infosys over foreign job recruiting; McConnell joins Keona board; Siemens cutting 3,800 jobs; Bank of North Carolina picks SAS; NetApp raising $500 million; Raleigh contractor to build NC Research Campus data center.
Arrow International, which is part of Teleflex, is scaling back production at its facility in Asheboro over the next two years, Asheboro's mayor disclosed Thursday. Jobs are being moved to Mexico, the company says.
HP's move revises upward a previous target of 34,000 job cuts. In May 2012, eight months after former eBay Inc. CEO Meg Whitman took the reins, HP unveiled the chief executive's initial restructuring plan, which called for a headcount reduction of 27,000.
Analysis: HP's first-quarter results include encouraging signs that its cornerstone PC and server businesses are regaining momentum. However, while HP continues to invest heavily to expand its portfolio of PCs, servers, software, converged storage and cloud capabilities Technology Business Research believes HP will remain a work-in-progress into 2015.
The pharmaceutical company's royalty revenue continues to rise and they expect a profitable year, but setbacks in drug candidates with the FDA have the company cutting staff in research and development to protect its balance sheet.
Alliance@IBM in the U.S. joins with two other unions in Western Europe and the IBM Global Union Alliance wants IBM to show more "appreciation" for Big Blue workers, a "new jam" with management about how to shape IBM's future, and "meaningful investments" rather than being focused on driving up earnings. They use a quote from retired chairman and CEO Sam Palmisano about iBM's greatest invention being its workers as part of their argument.
While IBM didn't announce any more job cuts during a conference call last week to discuss its latest earnings, unions representing IBMers overseas and Alliance@IBM, which wants to unionize workers in the U.S., met in Europe to discuss strategy. They agreed on a series of "demands" that call for Big Blue to "protect" its "loyal work force."
IBM is due to report in latest quarterly financials today, and speculation is circulating that Big Blue may announce another work force "rebalancing." In other words, layoffs. Meanwhile, Citigroup has cut IBM shares to "neutral" from "buy," and the Street expects the tech giant to report an eighth straight quarterly decline in revenue.
The daily average of advertised openings for information technology jobs across North Carolina improved slightly last month but remains well below 2013 levels.
Chinese workers who went on strike to protest IBM's sale of a plant to Lenovo are being paid $6,000 to accept the transfer. No such offers are being reported for workers in the United States.
The daily average of advertised information technology jobs across North Carolina fell for the eighth consecutive month in February. A "softer" market produced 2,980 openings per day, down 20 from January. But when compared to 2013 and 2012, the 2014 number is anemic.
The strike at an IBM x86 server plant in China by some 1,000 workers is ending - but the workers claim they won concessions from Big Blue for better severance and retention packages. Still, about half of them have decided not to transfer to Lenovo despite a plea from the company. IBM's $2.3 billion sale of its sever business to Lenovo triggered the walkout. Meanwhile, in RTP, IBM x86 workers will soon have a new home.
As income growth slows, NetApp says it is cutting its work force by some 5 percent due to a "constrained IT spending environment." NetApp also cut workers last year. one of its largest campuses is in RTP.
Media reports say that some workers have been fired for going on strike at an IBM server plant in China which Lenovo hopes to acquire as part of its $2.3 billion deal with Big Blue. Lenovo is trying to steer clear of the mess, issuing a lengthy statement saying the strike is for IBM to resolve.
As IBM's "Watson" serves up recipes at South by Southwest, Chair and CEO Ginny Rometty is mixing things up on IBM's board of directors with the naming of a "presiding director." Will this change help Rometty deliver a winning formula? IBM isn't talking about the change other than what's in an SEC filing.