Nokia to Cut 4,000 Manufacturing Jobs as It Shifts Production Work

The Finnish cellphone maker plans to reduce the amount of work done at plants in Hungary, Mexico and Salo, Finland.
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News Byte

Adobe Eliminates 750 Jobs in Restructuring

Adobe Systems said it will cut about 750 jobs in North America and Europe as part of corporate restructuring. The company said it expects to take a restructuring charge of between $87 million to $94 million. As a result of the move, the company said it expects earnings per share to be in the range 30 cents to 38 cents a share, lower than its previously guided range of 41 to 50 cents. Adobe shares fell more than 7 percent in after-hours trading.

Nokia Cutting Another 3,500 Jobs, This Time in Manufacturing

The company plans to close a Romanian manufacturing facility, as well as operations in Bonn and Pennsylvania. Further cuts are expected to be made next year.
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Merger Opponent Parodies T-Mobile Ads to Attack AT&T Deal

A series of YouTube videos from the consumer group Free Press plays on T-Mobile’s recent ad campaign to make the case that the proposed $39 billion deal will lead to less choice, higher prices and job cuts.
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Layoffs at Microsoft

Layoffs are indeed under way at Microsoft. As expected, the cuts are relatively small–in the hundreds globally, according to TechFlash.
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Sorry, Confidential Corporate Data Are Not Part of Your Severance

Here’s a data point to consider amid the tech sector’s continuing job cuts. According to a new study by Cyber-Ark, many employees leaving their jobs aren’t above adding a little something to their separation packages: Confidential corporate data.
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Applied Materials: The Next Tech Layoffs?

In a development that only Scrooge and the Grinch would find amusing, the tech industry has entered into a fevered period of pre-holiday job cuts.

Layoffs Begin at AOL

Layoffs at Cisco

The 1,500 to 2,000 job cuts announced during Cisco’s second-quarter earnings call are apparently well under way. Sources say the company is sacking upward of 600 employees at its Silicon Valley headquarters today.

Microsoft : Happy Cinco de Fire-o

Weekend Update, 1.31.09

Amazon: What Recession?

O Ye Apple Investors of Little Faith

Alcatel-Lucent: Let's Get Small

Alcatel-Lucent: Let’s Get Small