layoffs

Will the Turnaround at Cisco Systems Stick?

Arik Hesseldahl in News on February 8 at 6:25 am PT

Is the restructuring by CEO John Chambers at Cisco Systems taking hold? Today’s earnings announcement should tell the tale.

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

Ina Fried in Mobile on February 8 at 12:55 am PT

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

News Byte

Microsoft Pares Marketing Staff

John Murrell in News on February 1 at 1:45 pm PT

Microsoft said Wednesday it was laying off about 200 employees in the course of restructuring its marketing operations to consolidate duties and eliminate overlap.

Gilt Groupe Cuts Include 10 Percent of Employees and Two Executives

Tricia Duryee in Commerce on January 23 at 10:04 am PT

The luxury e-commerce and flash sales site has trimmed roughly 10 percent — as many as 90 — of its employees, including some of its management team.

Gilt Groupe CEO: Restructuring Rumors Overblown, IPO Still on Track

Tricia Duryee in Commerce on January 11 at 9:58 am PT

Kevin Ryan is denying rumors this morning that the luxury e-commerce company is undergoing a massive restructuring; nearly all of its 900 employees and business units remain intact.

Nokia Siemens to Cut 17,000 Jobs

Arild Moen, Reporter, The Wall Street Journal in News on November 23, 2011 at 5:15 am PT

Network equipment maker Nokia Siemens Networks Wednesday said it will cut 17,000 jobs globally in a bid to reduce operating costs by €1 billion by the end of 2013, part of a major restructuring that will see the company focus on mobile broadband and services.

News Byte

Adobe Eliminates 750 Jobs in Restructuring

Arik Hesseldahl in News on November 8, 2011 at 2:58 pm PT

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.