Posts tagged “Layoffs”
Microsoft cuts some 200 people in marketing positions
"Some of these changes involved the reduction of a small percentage of marketing positions to better align our resources with our business needs and clarify roles across the marketing function," the company said.
Cary-based communications firm Connexion lays off 'about 80'
The privately held company, which is led by former Cary Mayor Glen Lang, says the layoffs are part of its decision to move to wireless rather than fiber-optic technology. Connexion says "some senior people" were cut.
Congress OKs Internet war; Microsoft upgrading all IEs; LightSquared still affects GPS; Facebook-Greenpeace truce; RIM buyers scarce; TI moving to Nasdaq
Nokia Siemens to slash 17,000 workers worldwide
The unprofitable telephone-equipment venture of Nokia Oyj and Siemens AG plans to focus on mobile broadband, services, according to CEO.
Regenerative medical firm Tengion slices staff, focuses on NC office
The company, which was spun out of Wake Forest, is cutting more than half its staff in bid to stretch out cash for another year.
Former IBM, Lenovo exec Rory Read's first big move at AMD: 1,400 layoffs
The ex president of Lenovo says the chip maker will cut 12 percent of its workforce while also shifting products to faster growing markets.
Credit Suisse, which has large RTP operation, is cutting 3% of workforce
The Swiss-based bank said it will slice 3 percent of its 50,700 global employee base by the end of 2013. Credit Suisse manages then new $230 million North Carolina Innovation Fund.
Merck plans to step up layoffs in US, memo says
The drug giant operates a major vaccine manufacturing facility in Durham. It recently acquired Raleigh-based Inspire Pharmaceuticals and laid off more than 50 people.
Rising angst about unemployment to trigger next tsunami?
NC's jobless rate climbs again, and a new poll from Gallup finds that Americans are now more concerned about jobs than the economy in general and the deficit. Update: NYC mayor warns that riots could be coming.
Research In Motion shares plummet 20%
Analysts criticize the maker of BlackBerry smartphones, which has a research and development operation in the Triangle, reports sharp decline in sales and net revenue.
RIM's PlayBook tablet
9% jobless the new normal? Outlook isn't getting better
Congressional Budget Office sees 9 percent jobless through 2012. People who are out of work can find little comfort in the latest hiring forecast from Manpower. Two other surveys from Duke and UNC-CH only make the picture darker.
Management purge widens at Motricity - 2 more execs out
The mobile advertising and services firm that once was based in Durham discloses in an SEC filing that its general counsel and a senior marketing officer have been "terminated."
Motricity's former Durham office
Information technology job openings across NC plunge in July
A 10 percent decline in advertised job openings is the fourth straight reported decline by the N.C. Technology Association. "The negative development over the past four months is stronger than we would expect," NCTA says in the IT Job Trends report.
IT job openings decline again
An analyst cheers Cisco's 'stabilization' as work force cuts mount
John Chambers delivers another pep talk as he and his management team spell out more job cuts, the slicing of 17 percent among VPs and above, and a better than expected quarter financially. "First, congrats," an analyst says. "Finally, we see some stabilization."
John Chambers
Cisco tops Street estimates, plans 1,200 cut in contractors
"The cost-cutting appears to be bearing fruit," says Cisco CEO John Chambers. "Cisco saw signs of the downturn about four quarters ago, starting with U.S. government spending slowing down, and began adjusting their business model accordingly."
