Microsoft CEO Satya Nadella on Thursday announced the elimination of 18,000 jobs -- roughly one in seven of the company's workforce -- in the next year. About 12,500 of the positions eliminated will be at Nokia. However, Microsoft will add jobs in "certain other strategic areas." Microsoft's time sp...
Microsoft CEO Satya Nadella may launch a massive round of layoffs, possibly this week. Some details reportedly are still being worked out. Layoffs have been widely expected since Microsoft purchased Nokia, and Nadella's recent memo to Microsoft employees was viewed as a hint they might soon be at ha...
In the wake of a weak Q2 earnings report, HP has announced it will eliminate 11,000 to 16,000 jobs. The news was a blow; it was only two years ago that HP announced it would undergo a massive restructuring to move away from its PC roots. As part of that effort, it planned to eliminate 34,000 jobs. W...
BlackBerry issued an open letter on Monday in an effort to assure customers that it still has a viable future. Consumers might have concerns after reading recent headlines surrounding BlackBerry's business, the company acknowledged. Most recently, those headlines revealed that it lost $1 billion in ...
BlackBerry is preparing to lay off 40 percent of its workforce in an effort to slash costs, according to a Wednesday report. The news came on the same day that BlackBerry launched its Z30 smartphone, a 5-inch, all-touch smartphone that the company said is its biggest, fastest and most advanced smart...
Zynga is slashing 18 percent of its workforce in an effort to better allocate costs as it attempts to develop more gaming hits across multiple digital platforms. It will eliminate about 520 positions by August. The cuts were necessary but not something the company ever expected to face, CEO Mark Pin...
Electronic Arts will shut down three of its less popular games on Facebook, citing waning interest in some of the company's social network offerings. Starting June 14, The Sims Social, SimCity Social and Pet Society will not be available to Facebook users. It was a difficult decision to kill the gam...
Motorola Mobility announced another round of layoffs Friday, alerting its workers that it plans to cut 1,200 jobs, or about 10 percent of its current work force. It is the second round of layoffs since the company was acquired by Google last May in a $12.4 billion deal. Motorola announced the first...
Investors sent Dell stock soaring Monday when reports surfaced that the struggling PC maker is in discussions to go private. Representatives from the third-largest PC maker are reportedly in talks with TPG Capital and Silver Lake about a private-equity investment that would give Dell breathing room ...
For employees at Motorola Mobility, there were probably better ways to start the business week. On Monday, Google announced that it was cutting about 4,000 jobs at its mobile phone business division, and that it will close or consolidate about one-third of its 90 locations around the world. This rep...
Weeks after Marissa Mayer was hired as the new CEO of Yahoo, her predecessor has stepped down. No, not Scott Thompson. He left in May amid a resume scandal involving a false computer science degree. Yahoo's latest defector is Ross Levinsohn, the person who briefly held the position of interim CEO of...
Research In Motion reported quarterly results that fell below investors' already meager expectations Thursday, adding that it plans thousands of further layoffs as well as another delay to the release of its BlackBerry 10 platform. RIM announced a $518 million net loss on the quarter, or about 99 ce...
Research In Motion is issuing pink slips as part of a massive cost-cutting effort that could save the company $1 billion in expenses. RIM is reportedly laying workers off in small batches, starting with the quality control, operations and parts departments. The company is also looking to cut costs b...
Mobile handset maker Nokia announced Thursday that it would slash 10,000 jobs, eliminating roughly 19 percent of its workforce by the end of 2013. In addition, it will close a factory and several research centers in Germany, Canada and Finland, and three senior executives will be stepping down. Inve...
HP has posted its second quarter earnings and announced it will lay off 27,000 workers worldwide in an effort to simplify its business and increase efficiency. HP beat Wall Street expectations with its earnings but still faces questions about how it will compete in a changing tech industry. The comp...
Ban
Regulate
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Undecided
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