Posts tagged “Layoffs”
Dell Technologies, the name for the recently merged Dell and EMC, has begun laying off some of the combined company's 140,000 employees. As many as 3,000 cuts are predicted, according to Bloomberg news. Dell confirmed layoffs started earlier this week but calls the number "not material." EMC has a large operation in the Triangle.
Drug giant Novo Nordisk, which operates a large insulin production plant in Johnston County, says it remains committed to the $1.8 billion expansion underway at the facility. However, the company has imposed a hiring freeze. It also announced 1,000 layoffs Thursday but the N.C. operation is not affected, a company spokesperson says.
Drug giant Novo Nordisk, which operates a large insulin production plant in Johnston County, says it is laying off 1,000 workers. Most of the cuts will be made in Denmark, where the company is based. How many jobs might be lost in Clayton or the U.S. was not specified.
Lenovo is laying off as many as 1,100 workers but isn't specifying where the job cuts are being made. Media reports based on unnamed sources say Lenovo's Motorola unit in Illinois is taking the brunt of the hit. However, Lenovo denies a report that it is moving the Motorola business unit to its North Carolina campus.
IBMers are lighting up a Facebook page with reports across the country about a new round of layoffs. IBM's campus in RTP is taking a hit. It's the third cut in jobs so far this year. To add insult to billfold pain, the IBMers have been told their last day at work will be in November, which means they miss out on IBM's 401K contribution this year. IBM confirms that layoffs are underway.
Spoonflower, one of the Triangle's highest profile startups which raised $25 million last year and hired a top executive with IPO experience, has laid off 18 percent of its work force, the firm's president confirms to WRAL TechWire.
Just a year ago, Bull City Venture Partners invested in fast-growing Durham startup Spoonflower as part of a $25 million round. The company recently cut 18% of its work force. But BCVP's David Jones remains a big Spoonflower advocate.
In a leaked document, executives at IBM Netherlands describe how "Resource Balancing 2016" i.e. job cuts - are hitting that business group for the first time. The resource action, as IBM calls layoffs,could affect "several hundreds," a source tells Watching IBM at Facebook.
In today's wrapup of technology and life science news: Vice President Joe Biden threatens drug makers over trial information; Windows 10 gets an update; Dow Chemical to cut N.C. jobs; and China's top Internet regulator is replaced.
In today's Bulldog wrapup of technology news: HP Enterprise is selling its services group; Microsoft cuts jobs in mobile unit; Toyota decides to invest in Uber; and a new report says the federal government is spending billions on antiquated technology.
A new round of layoffs - the second in the last three months - is sweeping across IBM with numerous reports of job cuts at Big Blue's Research Triangle Park campus. IBM confirms cuts are being made but also says it has 25,000 open positions as it "aggressively" transforms the company. However, IBMers say few of those jobs are in the U.S.
In a wrapup of technology and life science news being reported by Triangle media outlets: TransEnterix cuts jobs after FDA rejects robot; G1 Therapeutics adds to a big fundraiser; and a look at the joint UNC-NCSU biomedical engineering effort.