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Posts tagged “Layoffs”

10:38 a.m. Monday

Duke spin-off Regado Biosciences cuts workforce - again

Regado The termination of clinical trials of its blood clotting drug REGULATE-PCI in July coupled with struggling stock prices prompts the company to rethink its strategic direction.

Updated September 24

Cisco starts layoffs in RTP, across company; 6,000 expected to be cut in all

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.

Cisco's campus on Kit Road in RTP includes 12 buildings Cisco's campus on Kit Road in RTP includes 12 buildings

Updated September 3

Premium Lock Inside Cisco's reboot: New product focus, work force realignment will fuel long-term growth

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?

Cisco graphic projects IoT growth Cisco graphic projects IoT growth

Updated August 22

Premium Lock Lenovo exec, a former IBMer, says union claim about massive Big Blue layoffs in '05 is 'not true'

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."

IBM's x86 server business operates globally IBM's x86 server business operates globally

Updated August 20

Premium Lock Cisco's COO: Big layoffs 'just the wrong way to do it'

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.

Cisco COO Gary Moore talks jobs as Gov. McCrory listens Cisco COO Gary Moore talks jobs as Gov. McCrory listens

Updated August 14

Premium Lock Cisco's Chambers: New layoffs are 'strategic,' a 'tough decision'

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.

Cisco's John Chambers Cisco's John Chambers

Updated August 14

Premium Lock Cisco's Chambers on restructuring: 'If we do not disrupt ourselves ...'

Cisco makes layoffs 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.

August 8

Premium Lock Google using its clout to widen use of encryption

Google          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.

July 21

Premium Lock Microsoft-Xbox layoffs could impact 'Gears of War' digital series

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.

Marcus Fenix, the Gears of War star, is back in Gears 3 Marcus Fenix, the Gears of War star, is back in Gears 3

Updated July 17

Premium Lock Microsoft to lay off up to 18,000 workers over the next year

Layoffs       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.

July 15

Premium Lock Report: Microsoft is planning thousands of layoffs

Layoffs       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.

Updated June 5

Premium Lock Cisco's COO: 'Thank God we had a crisis' that triggered layoffs

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.

Gary Moore Gary Moore

June 3

Premium Lock IT groups boycott IBM; McConnell joins Keona board; Siemens slashing jobs; NC bank picks SAS; NetApp raising $500M; DataChambers picks contractor

Bulldog 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.

Updated May 30

Premium Lock Medical device manufacturer in Asheboro moving jobs to Mexico

Layoffs       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.

Updated May 23

Premium Lock HP to cut as many as 15,000 additional jobs

Meg Whitman 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.

May 23

Premium Lock Inside HP's layoffs, reboot: Giant must better connect with changing market

Newest Chromebook from Google, HP 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.

May 9

Premium Lock POZEN revenue up, plans to reduce R&D workforce

Pozen 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.

May 5

Premium Lock 22 layoffs: 'Cash management actions' at LipoScience

Layoffs       Howard Doran, who took over as CEO at LipoScience (Nasdaq: LPDX), is taking "cash management actions" to preserve capital. In other words, layoffs. And 22 people are being let do.

Updated April 24

Premium Lock Unions call for 'reorientation' at IBM in joint statement

IBM Global Union Alliance  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.

Updated April 22

Premium Lock Unions spell out 'demands' to IBM, plan to step up organizing

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."

Lee Conrad picketed IBM in RTP two years ago Lee Conrad picketed IBM in RTP two years ago

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