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...
HP is planning significant layoffs with the aim of increasing efficiency and focusing on new products, according to a recent report citing an anonymous source. The company could lay off more than 30,000 workers, or nearly 10 percent of the company's total workforce of 324,000. The large-scale cuts ...
Sony will lay off 10,000 workers, or about 6 percent of its global workforce, as part of an overall corporate restructuring plan, according to a report. The cutbacks are set to take place over the next two fiscal years. It's unclear when the Japanese company will start slashing jobs or which divisio...
Rumors that Yahoo was prepping for a huge round of layoffs have turned out to be true. On Wednesday, the company announced it would lay off 2,000 employees under a plan designed to prepare it for the future. Scott Thompson, the company's recently appointed CEO, said Yahoo's larger goal was to focus ...
Research In Motion's recently appointed CEO Thorsten Heins emerged from his self-imposed 10-week quiet period by dropping a number of bombshells. Former co-CEO Jim Balsillie has resigned from the board of directors. Several other executives, including Chief Technical Officer David Yach and Chief Ope...
It appears that Yahoo and shareholder Third Point are digging in for a contentious proxy fight. The companies have been tussling over who will fill four seats on the board of directors, with the two sides clashing on several points, including whether Third Point CEO Daniel Loeb should get one of th...
Yahoo may be readying for a significant change in corporate structure -- and headcount. CEO Scott Thompson is getting ready to restructure the company in a move that will entail layoffs that could number in the thousands. "The indications are that the layoffs will be massive," said David Cadden, a p...
Green IT is not one industry. Instead, it refers to a number of interrelated fields that focus on designing, manufacturing, installing, using and recycling computers, data centers, electronics and other parts and pieces of information systems. And because of its broad reach, it means the possibility...
Yahoo on Wednesday announced a leadership reorganization that moves Carol Bartz out as CEO and replaces her in the interim with Timothy Morse, the company's chief financial officer. The board has also formed a new executive leadership council populated by key senior executives to support Morse in da...
Sprint Nextel filed a lawsuit Tuesday to block the proposed $39 billion merger of rival wireless carriers AT&T and T-Mobile. The move by Sprint appears to be a tactical one aimed at protecting the company's options should the deal be approved by the federal government. Sprint's lawsuit was filed...
Cisco may shed as many as 10,000 jobs, or about 14 percent of its workforce. The cuts are meant to revive profit growth; as many as 7,000 jobs could be eliminated by August. Cisco is also providing early retirement packages to about 3,000 workers who accepted buyouts. Eliminating jobs will help Cis...
The AT&T, T-Mobile merger is getting lots of attention. Arguments on both sides make sense, but only one side will win. Which side are you on, and why? Have you thought it through? I am not saying this deal shouldn't happen. What I am saying is that AT&T is only looking at the reasons for an...
Yahoo's grand scheme for repositioning itself is becoming more clear. Earlier this week, news came out that the Internet company was instituting widespread layoffs, with some 4 percent of its staff expected to be let go. It was a tough but necessary call, CEO Carol Bartz reportedly wrote in a memo t...
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