Posts tagged “Layoffs”
Merged operation keeps several top managers; 10 people to be laid off. But analyst says new company still faces challenges.
UL won't say why some 20 developers are being moved or cut. Cisys lets employees go on Friday, Monday. Pay already had been cut once then restored, former Cisys employee says.
Chapel Hill-Greensboro start-up gets funding from angel investors and an $850,000 SBIR grant to develop its first-of-kind treatment for Parkinson's and other brain and nervous system disorders.
Beleaguered service provider MCI WorldCom is asking state regulators to force BellSouth to lower the fee it charges competitors to access its lines. It filed only in North Carolina.
The mobile marketing software provider is counting on customers in Europe and Asia to carry it through 2002. 'I'm still very, very optimistic that 2003 is the breakout year," says founder Kimo Kong.
Goodnight still has the goal of taking SAS public. Company did expand staff. But a spokesman says, 'I think everyone is glad last year is over.'
Company beats analysts' expectations but says third quarter might not be as strong. Some see Cisco's performance as 'a return to normalcy.' Stock drops eight percent Thursday.
Latest reductions leave 700 or so on payroll, down from a total of 1,600. After $4 billion loss in 2001, company CEO promised layoffs. Monday, he delivered.
Nothing "amazing" is expected, but Cisco trackers and watchers say the company is rallying based on strength in enterprise sales. Telecom sector is still a drag on sales.
Nick Owen, a veteran of four startups, soldiers on in search of a big hit. He's convinced bootstrapping and bare bones is the way to go.
SciQuest CEO remains bullish despite $82.8 million loss for 2001; Pozen's migraine headache drug not a carcinogenic; Inspire to tighten focus but says it won't cut jobs.
After seeing its stock plunge more than $40 a share, sales fall off, losses mount and thousands of layoffs made, Cisco is staging a huge rally.