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Posts tagged “Layoffs”

Updated November 3

Amazon to kill off daily deal offering

Amazon Local Shutting Down News reports indicate that Amazon will discontinue Amazon Local, it's daily deal program, in mid-December.

Updated August 14

Premium Lock The Chicago massacre: Lenovo gutting 25% of Motorola work force

A reorganization of Lenovo's smartphone operations in June included the ousting of its top mobile executive. On Thursday, Lenovo went much further:Motorola will take over as the lead on smartphone development but at the same time its Chicago headquarters work force is being gutted by 25 percent. Lenovo is making other cuts, too, but those include 7 percent in the Triangle and 10 percent overall across corporate white collar jobs.

Motorola's new Lenovo banner   Motorola's new Lenovo banner

Updated August 13

Premium Lock Lenovo to cut 7% of work force in Triangle - 230 jobs

Lenovo banner at a trade show         Lenovo, the world's top PC manufacturer and a leader in mobile phone, tablet and server sales, is slashing 3,200 white-collar jobs in a cost-cutting move. The cuts come after the company, which operates its global executive headquarters in Morrisville, says profits plummeted in its most recent quarter amid falling smartphone and struggling PC sales. Most of the cost-cutting talk focuses on Motorola.

Updated August 13

Premium Lock Why the cuts? Lenovo's top exec explains in his own words

Yang Yuanqing    In a conference call with analysts, Lenovo chair and CEO Yang Yuanqing spells out his reasons for cutting 3,200 jobs - all in white-collar positions - and reorganizing the smartphone business.

July 29

Premium Lock Ex-GSK employees facing layoffs at Parexel; firm won't comment

Layoffs        As many as 200 former GlaxoSmithKline employees who were transferred to life science services firm Parexel earlier this year are reportedly being laid off today. However, the Boston-based company which has a large presence in the Triangle, isn't talking.

July 23

Premium Lock Survey: More Triangle startups to cut spending, reduce hiring

State of the economy Layoffs have recently hit several large high-tech firms in the Triangle with Qualcomm becoming the latest to announce job cuts on Wednesday. Now a new survey finds optimism among the Triangle's booming startup community is cooling with more firms planning job cuts and less hiring.

Updated July 23

Premium Lock Qualcomm, which has chip design group in Triangle, to cut 4,700 jobs

Layoffs        Semiconductor chip firm Qualcomm, which has a design lab focused on mobile devices in Raleigh, is cutting 15 percent of its work force. The company also shakes up its board and mulls splitting into two firms.

Updated July 8

Premium Lock Microsoft slashing 7,800 jobs

Microsoft Corporation    Microsoft will cut 7,800 jobs and take a $7.6 billion impairment charge as it attempts to revive its flagging phone hardware business.

June 25

Premium Lock Life science firm Parexel is cutting 850 jobs in 'margin acceleration program'

Layoffs        Parexel, a provider of life science company services such as clinical trial management, is cutting 850 jobs across the company. Parexel, which recently agreed to take on some 450 workers from GlaxoSmithKline where they faced layoffs, would have some 900 Triangle employees assuming all the GSK workers were employed.

June 24

Premium Lock Merck job cuts hit contractors at Durham vaccine plant

Merck  Drug giant Merck, one of the largest life science industry employers in the Triangle, cut jobs at its big vaccine manufacturing plant in Durham this week. The cuts are the latest to hit RTP area drug companies.

Updated June 2

Premium Lock More turmoil at NetApp: Chair and CEO Tom Georgens is out

Still reeling from a disappointing quarterly earnings report and the layoffs of 500 workers (many of those cuts coming in RTP), storage tech firm NetApp now has to look for a new CEO In a terse announcement Monday, NetApp disclosed that chair and CEO Tom Georgens is out. Is the leadership change enough to right the company? One anlyst says no.

Thomas Georgens Thomas Georgens

May 22

Premium Lock So what next for NetApp? 'Flash,' for revenues, layoffs to cut costs

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.

NetApp's main building in RTP NetApp's main building in RTP

Updated May 21

Premium Lock NetApp cutting 500 jobs after disappointing earnings report

Inside NetApp's new RTP lab 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.

Updated May 19

Premium Lock Sources: NetApp cutting 15 percent of its work force at RTP campus

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.

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

May 19

Premium Lock Prostitute guilty in Google exec death; Apple updates Macs; Allscripts cuts Raleigh jobs; anti-Muslim video back online; Alibaba's apology

Bulldog 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.

May 13

Premium Lock Judges divide $7B in bankrupt Nortel assets, but is nightmare over?

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?

Nortel's former RTP campus Nortel's former RTP campus

May 13

Premium Lock Samsung's 'smart' push; Square 1 exec changes; ChannelAdvisor layoffs; honoring Sagan; liquid biopsies

Bulldog 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.

Updated May 11

Premium Lock Lenovo confirms layoffs, says 235 people lose jobs in server group

Layoffs        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.

May 11

Premium Lock Sources: Lenovo will be laying off workers at x86 server business in RTP

Layoffs        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.

Updated May 7

Premium Lock Hospira layoffs start in July; PowerSecure shares surge; mobile search now No. 1; drones can spray crops; Netflix vs. AT&T deal

Bulldog 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.

Techwire Inside Partners
The Skinny: A Blog by Rick Smith