BlackBerry expects $1B loss, will slash staff, reduce handset range
BlackBerry lost close to $1 billion in the July to September quarter as users abandoned its once-dominant platform.
BlackBerry lost close to $1 billion in the July to September quarter as users abandoned its once-dominant platform.
In another sign of trouble at HTC, the Taiwan-based smartphone maker started downsizing its US operations on Friday, cutting an undisclosed number of staff.
Dell will invest in additional acquisitions and remain committed to its struggling PC business once a $US24.9 billion deal to go private is complete, according to company officials.
SDN is taking a toll on Brocade.
Another 157 jobs at Optus hang in the balance after the telco closed a service centre and outsourced some IT functions to third-party vendors.
Cisco today said it would slice 4,000 jobs – or 5% of its workforce in a global restricting
effort. Shares of the network equipment giant fell nearly 10% after-trading hours.
There is a new effort in Congress to penalize companies that shift call center work overseas.
Blackberry is laying off 250 employees, or around 2 percent of its workforce, at its new product testing facility, the company said on Friday.
Social gaming publisher Zynga announced Monday that it will lay off 18% of its total workforce -- more than 500 employees -- in an effort to reduce staff costs and focus on the mobile sector.
As part of its ongoing restructuring, EMC today announced its latest round of layoffs, which are expected to include 1004 positions.
Optus has completed a business restructuring that integrates Optus Business with Alphawest and SingTel subsidiary NCS. The groups, which serve enterprise and government customers, previously operated separately.
Charles W. Berger is the beleaguered company's new president and CEO.
Chip maker, ST-Ericsson, will be wound down as parents STMicroelectronics and Ericsson have decided to take over some parts of the company, including LTE modems and application processors, and close or sell the rest.
Motorola Mobility is cutting 1200 staff, in addition to a reduction of 4,000 staff it announced in August, to focus on high-end devices.
HP has reached the halfway point in its restructuring, with 15,000 employees left to cut to meet its layoff target by the end of next year, according to CEO Meg Whitman.