Posts tagged “Layoffs”
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?
Cloud-computing software maker Citrix Systems said it would cut about 700 full-time and 200 contractor jobs as part of a restructuring to improve operational efficiency. It's unclear how many, if any, jobs cuts will be in Raleigh.
A "resource action," or layoffs, that a worker described as a "bloodbath" is underway at IBM under the name "Project Chrome," workers are telling the Alliance@IBM Union. One of the first posts Wednesday came from RTP. IBM confirmed cuts are being made.
Workers at IBM are telling the Alliance@IBM union that layoffs as part of what Big Blue calls a "resource action" are set to begin Wednesday. IBM confirmed Monday plans to cut thousands of jobs, having set aside some $600 million to cover the cost of a restructuring.
Like a pendulum, world media jumped on a report that IBM was cutting some 26 percent - or more than 100,000 jobs. Then IBM issued a sharply worded denial. The media responded, widely reporting that news. But the fact remains: IBM acknowledged that a lot of jobs will be lost in a restructuring but Big Blue also is on a hiring binge.
IBM is undergoing a major internal restructuring as Chair and CEO Ginny Rometty tries to reverse nearly three years of dwindling returns. But is Big Blue really going to cut as many as 100,000 jobs as has been reported over the weekend? Not even the Alliance@IBM is buying in completely to the story.
GSK layoffs in China?; Lenovo-Xiamoi showdown; NC wind energy study; China blocks VPNs; Box prices IPO; Uber woes; Verizon loss
In today's Bulldog wrapup: GSK reportedly will lay off 1,000 in China; Lenovo takes on Xiaomi with own cheap smartphone in India; feds seek public input on coastal NC wind energy study; China shutting down virtual private networks; Box prices its IPO; Denmark may ban Uber; and Verizon reports a quarterly loss.
European Space Agency 'cloud' includes Red Hat; Uber raises $1.6B; HondaJet CEO honor; Google wireless?; eBay cuts 2,400; LG curved smartphone
In today's Bulldog wrapup of technology news: Red Hat lands European Space Agency as a customer for cloud services; Uber raises $1.6 billion; Honda Aircraft's CEO receives aviation award; Google may be selling wireless services; eBay is slashing jobs; and LG readies launch of curved smartphone.
Hospira, a manufacturer of drug products and medical devices, is closing its plant in Clayton which employs some 250 people. Hospira says the facility will close after an "extensive analysis" of the plant, products made there and as part of the firm's modernization efforts.
Veteran journalist Jim Shamp sees upside and downside in the recently announced job cuts at GlaxoSmithKline. After all, he notes, cuts in the past as GSK evolved locally from Burrough Wellcome to Glaxo to Glaxo Wellcome and today have produced a harvest of new companies, new ideas, and products. "Yes, a shakeup like GSK's cutback announcement is shattering," he writes. "But these are smart, talented people who will get back on their feet and contribute greatly to North Carolina's life science future."