Nokia cuts research staff by up to 330 people
Mobile phone giant Nokia on Friday said it will cut up to 330 people from its research and development staff.
Mobile phone giant Nokia on Friday said it will cut up to 330 people from its research and development staff.
AOL, which will be spun off from parent company Time Warner next month, wants to cut its staff by about a third, and is giving employees a chance to volunteer to join the ranks of the unemployed.
Sprint Nextel expects to lay off as many as 2,500 people by year’s end, on the heels of reporting that it lost 545,000 customers in its third quarter.
Adobe Systems will lay off 680 staff, or 9 percent of its workforce, in its latest move to cut costs, the company confirmed Tuesday.
Ethernet switch vendor Extreme Networks is replacing its CEO and laying off 70 employees in an effort to quickly improve the company's bottom line and set it up to run profitably with lower revenues.
Sun Microsystems will lay off up to 3,000 workers over the next 12 months as Oracle awaits approval from European regulators for its acquisition of the company.
Companies trying to cut IT budgets are laying off staff and reducing compensation and benefits for remaining employees, new survey results show.
Citing tough economic times, security vendor Websense plans to trim 5 percent of its workforce.
There are signs that an increasing number of people who have been forced out of their jobs are starting their own businesses.
Oracle may lay off between 850 to 1,000 European employees, according to the French union CFDT.
MySpace will slash its staff abroad and shutter several international offices, the News Corp. unit said on Tuesday, a week after announcing a big round of layoffs in the U.S.
The restructuring continues at MySpace, whose staff will get cut by almost 30 percent, the News Corp. division announced Tuesday.
Forty-two percent of CIOs suffered budget decreases in the first quarter of 2009, and IT shops on average slashed budgets by 4.7%, according to new research published by Gartner.
Computer industry bellwether Hewlett-Packard reported a 3 percent drop in revenue as its major lines of business continued to be hammered by the global recession.
Nokia plans to cut approximately 170 employees working in logistics, production management and support, it said on Tuesday.