Posts tagged “Layoffs”
Avesair Hopes One Is Better Than Two, Wraps Up Acquisition of WindWire
Merged operation keeps several top managers; 10 people to be laid off. But analyst says new company still faces challenges.
Underwriters Laboratories Moving Software Unit Back to Illinois; Decision Triggers Layoffs at Cisys
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.
DarPharma Closes $3.2 Million First Round in Pursuit of Drugs To Fight Parkinson's
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.
BellSouth Blasts MCI WorldCom Filing for Lower Rates; Move Signals MCI's New Grab for Local Markets
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.
Avesair Looks Abroad for Business This Year, Anticipates Upturn in 2003
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.
Not Even SAS Escaped 2001 Unscathed; Profit Increase Likely To Be Lowest in Years
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.'
Cisco's Chambers Expresses 'Confidence With Healthy Paranoia'; Stock Still Takes Big Hit
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.
Cuts Continue at Alcatel; Raleigh Workforce Has Been Slashed by More than Half
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.
Analysts Giving Collective Thumbs Up to Cisco on Eve of Earnings Report
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.
Atlanta Entrepreneur Knows Well the Risks of Taking VC -- Losing Control and Direction
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.
Mixed News for RTP Companies: SciQuest Shows Loss; Pozen Gets Good News; Inspire Cuts Budget
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.
Better Times Ahead for Cisco? CEO Chambers Says Yes in Upbeat Message to Analysts
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.
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