Posts tagged “Layoffs”
North Carolina companies cut 2,156 jobs in May. So far this year, the state ranks fourth highest with 15,958 layoffs. Since Jan. 1, employers have announced 245,540 reductions, 20 percent more than a year earlier, says Chicago firm that tracks employment trends.
Hewlett-Packard Co. is considering cutting as many as 25,000 jobs, or 8 percent of its workforce, to reduce costs and help the company contend with ebbing demand for computers and services, people briefed on the plans tell Bloomberg news. The Wall Street Journal reports an even bigger number.
An internal IBM memo leaked Tuesday outlines plans to offer an early retirement package to U.S. employees that offers those who accept by the end of next year protection from layoffs. IBM confirms the plan, offers specific details about what is being offered.
In an interview, IBM's director of corporate communications says the tech giant wants to help employees who are considering retirement and at the same time provide the company a "predictive forecasting capability" it currently lacks to enable IBM to better plan for the transition of losing veteran employees.
Not only are hundreds of IBMers in the Triangle area to be transferred to Toshiba as part of the "point of sale" deal, the profits will be used to fund what Big Blue's CFO describes as "workforce transformation and productivity initiatives."
As unemployment remains stubbornly high in North Carolina and the U.S., a Wall Street Journal study finds that 35 large international firms, including Cisco and Dell, are hiring. But nearly three quarters of the new positions are overseas.
Lack of suport for Alliance@IBM protests ignites some anger and frustration at union's website. Even a media outlet wants more Big Blue workers to speak out.
However, Lee Conrad, a long-time IBM employee who quit to try to organize a union to represent Big Blue workers, says his trip to RTP was a victory because he helped raise awareness of job cuts and off-shoring.
The Winston-Salem based firm is slashing its workforce by nearly half, part of a restructuring plan that comes one month after its lead drug candidate, a depression drug, failed the last of a series of phase 3 clinical trials.
At Nanotech Commercialization Conference in Durham, Liquidia CEO Neal Fowler says his firm's technology will first change medicine and then materials science.
Aaron Houghton, who stepped down as chairman of iContact last month when the company was acquired by Vocus, did not expect Vocus to cut a third of the iContact work force in Morrisville. "It's fair to say that my understanding was different about what would happen," Houghton says.