Posts tagged “Layoffs”

Updated October 10, 2016

Premium Lock Merged Dell-EMC confirms layoffs begin; up to 3K expected

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.

EMC has a data center in Durham EMC has a data center in Durham

October 7, 2016

Premium Lock Cree names president for lighting (+ career highlights), cuts some jobs

Cree logo  Durham-based Cree is adding a new executive to help lead its LED lighting business. Plus: A look at the career experiences of the new executive. Meanwhile, the company is also making some layoffs.

October 3, 2016

Premium Lock Pfizer workers brace for hundreds of layoffs in Rocky Mount

Pfizer Drug giant Pfizer could begin making hundreds of layoffs at its manufacturing plant in Rocky Mount as early as Tuesday.

September 29, 2016

Premium Lock Novo Nordisk: Clayton expansion proceeds, no NC layoffs despite cost cuts

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.

Rendering of huge Novo Nordisk expansion Rendering of huge Novo Nordisk expansion

Updated September 29, 2016

Premium Lock Novo Nordisk cutting 1,000 jobs; impact in NC not yet clear

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.

Rendering of huge Novo Nordisk expansion Rendering of huge Novo Nordisk expansion

Updated September 27, 2016

Premium Lock Lenovo cutting some 2% of work force, denies moving Motorola HQ to NC

Lenovo        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.

Updated September 1, 2016

Premium Lock Third round of layoffs hit IBM in 8 months, including RTP

IBM layoffs     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.

Updated August 18, 2016

Premium Lock Cisco to lay off 5,500 workers as focus shifts to software from networking gear

Cisco's campus on Kit Creek Road in RTP  Cisco Systems said Wednesday that it will lay off 5,500 employees as the Internet gear maker scrambles to adapt to technology changes that have reduced demand for its main products.

Updated August 3, 2016

Premium Lock Durham startup Spoonflower lays off 18% of its work force

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.

Spoonflower's colorful lobby Spoonflower's colorful lobby

Updated August 3, 2016

Premium Lock Investor: Spoonflower 'in great shape' despite layoffs

David Jones 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.

Updated July 5, 2016

Premium Lock More IBM mass layoffs coming - This time to the Netherlands in a first

IBM layoffs     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.

June 29, 2016

Premium Lock Biden cancer drug threat; Windows 10 update; Dow job cuts; top China net exec is out

Bulldog 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.

May 25, 2016

Premium Lock HPE gets smaller; Microsoft job cuts; Toyota backs Uber; fed's IT antiquated

Bulldog 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.

Updated May 20, 2016

Premium Lock Layoffs hit IBM in Triangle; Big Blue confirms cuts but says it has 25k open jobs

IBM layoffs     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.

Tags: IBM, Layoffs
May 12, 2016

Premium Lock Triangle headlines: TransEnterix job cuts; G1 raises $47M; UNC-NCSU biomed eningeering effort

Triangle headlines 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.

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