Reports: Yahoo plans more job cuts
Yahoo may announce a new round of layoffs next week, the third one since early 2008 and the first staff-trimming under new CEO Carol Bartz, The New York Times and The Wall Street Journal are reporting.
Yahoo may announce a new round of layoffs next week, the third one since early 2008 and the first staff-trimming under new CEO Carol Bartz, The New York Times and The Wall Street Journal are reporting.
Forecasting a significant drop in revenue for the fourth quarter, a J.P. Morgan analyst Tuesday reported that Cisco Systems Inc. "could" announce a 10% workforce reduction soon, equal to about 6,600 employees.
Qantas has announced that it is to shed some 500 management positions as the economic crisis bites hard into its bottom line.
Microsoft is offering 30,000 vouchers for free worker training classes in Washington state, at an estimated value of US$3 million, the company said on Monday.
The U.S. technology sector suffered 84,217 job cuts in the first quarter, according to Challenger, Gray & Christmas, which reported the figure is a 27% increase over the previous quarter and the largest total since the end of 2002.
Sun Microsystems is laying off about 1,500 employees this week in a follow-up to a restructuring plan announced a few months ago, the company confirmed Monday.
IBM's news that it will shed some 5,000 North American jobs and potentially send more positions overseas has stirred up some bad sentiment toward Big Blue as the U.S. economy continues to languish.
Proving that it is not immune to the economic downturn, Google plans to lay off 200 people, including 15 across Australia and New Zealand, in its sales and marketing group.
Amid reports that it is moving thousands of jobs from the US to India, IBM said Thursday it is notifying employees that some jobs are being eliminated.
SAP AG laid off an undisclosed number of employees last week as part of its previously announced plan to trim 3,000 jobs, a company spokesman confirmed Monday.
As American International Group Inc. (AIG) paid out huge bonuses to executives, the company also laid off six IT workers, according to reports in the local media.
Open-source vendor Novell on Saturday confirmed reports that it had a layoff on Friday, though it said the layoffs were small and amounted to less than 3% of its workforce.
Microsoft is laying off employees in the divisions that make its Zune music player , Microsoft Office software, and Live Search site, but not in the group preparing its Windows 7 operating system, according to anonymous postings Thursday by purported Microsoft employees.
Add Sun Microsystems to the list of tech companies rolling out layoffs this week.
Microsoft and Sun Microsystems aren't the only top IT vendors laying off employees. IBM may have quietly let more than 2800 workers go, according to the Alliance@IBM union, which expects even more job cuts at the company.