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Articles about Job Cuts

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IBM job cuts: Big Blue starts 'slaughter' of Indian and European workforce

IBM has begun slicing away at its workforce in India and Europe, as the company tries to shift its business to more lucrative, higher-margin technologies. The job cuts were confirmed by a representative for the IBM Union Alliance to The Register by email on Wednesday after a report was published describing a mass layoff in India …
Jack Clark, 12 Feb 2014
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Unite: HP 'addicted to culture of job cuts' as axe raised again

The brothers at Unite have slammed HP for being a "long term addict to a culture of job cuts" as the union bemoaned the loss of a claimed 1,124 UK staffers due to collect their P45s by January. The redundancies are part of the 7,100 mass layoffs across Europe that HP is pushing through before the end of the current fiscal year …
Paul Kunert, 04 Dec 2013
The Register breaking news

No way Moto: Chinese workers protest Google job cuts

Motorola employees in Beijing and Nanjing were out this morning protesting the job cuts announced by Google earlier this week. More than 150 people demonstrated outside the Motorola company office in the Chinese capital, after Googorola said that it would be slashing 20 per cent of its workforce, Chinese news website Sina …
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Siemens expected to announce job cuts, closures

Siemens chief Peter Loescher will outline a plan today on how the industrial tech giant will attempt to save up to €4bn ($5.2bn, £3.2bn), one that is widely expected to include jobs cuts and office closures. Despite the German economy's strength compared to the rest of Europe - or even arguably most of the world - global hard …
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Capita ITS ditches UK job cuts, offshoring dream

Capita IT Services has finally shelved its plans to offshore jobs and make compulsory redundancies in 2013. In August just 84 unionised workers at the reseller-cum-integrator threatened industrial action over moves to send part of the service desk to India and push through job cuts across the wider organisation. Then last month …
Paul Kunert, 14 Sep 2012
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Whitman said to be planning massive HP job cuts

New(ish) HP CEO Meg Whitman has been at the helm for long enough to come up with a longer-term plan for the company, and according to various rumors, her plan will look eerily familiar to HPers who remember the early years of ex-CEO Mark Hurd: job cuts, predominantly in services. According to a report on CNBC television, HP is …
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5,000 job cuts later: Fujitsu boss says bloodletting's almost over ... for now

Fujitsu’s international boss said the company was substantially through a painful transformation that saw it shed 5,000 staff, as the firm kicked off its customer shindig in Munich with a raft of storage and cloud announcements. Now all the remaining staff have to do to keep their jobs is get stuck into pushing the cloud and the …
Joe Fay, 05 Nov 2013
The Register breaking news

Furious HP staff stage protest over job cuts

HP staff downed tools at the SIMO Network 2011 conference in Spain this week to protest against job cuts. hp_stop_layoffs_protesters If you're HP and you know it, wash your hands... An El Reg contact kindly took a photo as disgruntled workers took to the HP stand on 5 October only to lie down clasping placards urging their …
Paul Kunert, 07 Oct 2011
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Unions urge under-fire HP workers to 'resist' job cuts

Unite and the Public Services Commercial (PCS) unions will form a tag team to "use every means possible" to safeguard the jobs of 1,600 HP UK employees under risk of redundancy. The tech monster revealed late last night that it is hitting the eject button for 27,000 workers worldwide – including Autonomy founder Mike Lynch – by …
Paul Kunert, 24 May 2012
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HP workers halt legal fight against bosses over 29,000 job cuts

HP employees have "withdrawn" legal action against the company and agreed to return to the negotiating table to hear CEO Meg Whitman's plan to cut 29,000 jobs. The collective of HP workers, who are supported by numerous unions, sued the vendor and claimed it had not properly consulted staff and made the redundancy process …
Paul Kunert, 01 Feb 2013
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European HP workers take IT giant to court over 'high handed' job cuts

HP's European Works Council* is suing the firm and terminating its works council agreement with the global giant, claiming HP has obstructed the European consultation process over its mega redundancy programme. It now plans to negotiate a new agreement under more recent legislation. Globally around 27,000 29,000 HPers will …
Paul Kunert, 12 Nov 2012
The Register breaking news

NHS IT fiasco workers threaten lunch-hour revolt over job cuts

IT bods working on the car-crash NHS patient records project will stage a protest during Thursday lunchtime over compulsory redundancies at their employer, CSC. As Computer Sciences Corporation's contract with Blighty's health service grinds to a messy end, the Virginia-based firm announced it will axe 500 jobs in the UK - 30 …
Anna Leach, 18 Apr 2012
The Register breaking news

Panasonic pledges big job cuts

Consumer electronics giant Panasonic is cutting 35,000 jobs in the next three years as it tries to reinvent itself and its corporate culture. Even after the cuts Panasonic will have 350,000 staff. The reorganisation will change management structure from five divisions based on platforms. Instead Panasonic will be run as three …
John Oates, 28 Apr 2011
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Ingram Micro considers job cuts on EMEA slowdown

Ingram Micro will likely initiate a redundancy and cost-cutting programme in EMEA if the consumer market remains stuck in a rut. The IT wholesaler said that retail, which accounts for 25 to 30 per cent of its sales in the region, was "down substantially" in Q2 following three quarters of a "weak consumer story". CEO Greg …
Paul Kunert, 29 Jul 2011

IT biz bosses are 'BIGGEST job cutters' in the US

Not only does automation help companies reduce their payrolls, the relentless competition among IT and telecom equipment and service suppliers - and the drive to ever-higher profit levels - is causing them to shed workers instead of adding them. So says the headhunters and employment analysts at consultancy biz Challenger, Gray …
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Juniper Networks waves axe at 6% of workforce

A twitchy Juniper Networks can't seem to sit still for very long before wielding the job-cuts axe. This time it's letting go of six per cent of its workforce around the world. Hundreds of employees are set to be let go just months after the company's last round of layoffs in October last year. Juniper Networks said that staff …
Kelly Fiveash, 03 Apr 2014
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Sharp to slice 11,000 job in bid to slash losses

Struggling Japanese electronics giant Sharp is set to cut nearly 11,000 jobs, double that originally feared, as well as offload some overseas factories and reduce wages in a desperate bid to haul itself out of the red by next April. Japanese news wire Kyodo claims to have seen the Osaka-based consumer electronics firm’s …
Phil Muncaster, 26 Sep 2012
The Register breaking news

Lloyds aims 15,000 job cuts at IT and back office

LloydsTSB is cutting another 15,000 jobs but will not be shutting branches as part of its strategic review. The main targets will be back office staff, a press officer confirmed but was unable to give further details. It is not shutting branches except as part of Project Verde – the EU-mandated scheme to sell off 632 branches, …
John Oates, 30 Jun 2011
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US workforce expands as more job seekers seek jobs

The US is still buzzed with its July 4th hangover, but the Bureau of Labor Statistics is open for business, delivering some good news: over the past three months, despite government job cuts, private-sector employers added enough jobs to keep pace with population growth. According to the June jobs report, the US economy added …
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Microsoft set to make small job cuts, says report

Microsoft is reportedly set to lay off more staff, although the number of people expected to be shown the door is relatively conservative given the size of the company. According to Todd Bishop over at TechFlash, the software vendor could announce the job cuts later today. Redmond, which currently employs 88,596 workers, will …
Kelly Fiveash, 07 Jul 2010
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Capita job cuts, offshoring 'driven by expectations', says MD

Capita IT Services (CITS) boss Mark Quartermaine told staff the rapid expansion of the group through acquisition and more recently a slow down in sales led to the redundancy programme. As exclusively revealed by The Register, the public sector IT supplier informed 1,000 staff - more than 26 per cent of its total workforce - that …
Paul Kunert, 02 Apr 2012
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IT job creation bucks up US economy

The US economy added more jobs than economists had been expecting in July, according to a report released Friday from the Department of Labor, and the IT sector did its part to push up the numbers once again as it has since the beginning of the Great Recession five years ago. According to the July jobs report (PDF), the private …
The Register breaking news

Union damns HP job cuts

The Unite union has damned HP for cutting close to a thousand jobs from its UK workforce. The union said the loss of 934 jobs contradicted the government's recent claims that public sector job losses would be offset by gains in the private sector. Unite predicted HP would cut another 1,000 UK jobs in the next financial as part …
John Oates, 07 Jul 2010

First Dell, now IBM: 15,000 jobs face the axe at Big Blue, says union

IBM is set to spend another $1bn on job cuts this year to eliminate an estimated 15,000 jobs worldwide, according to trade union Alliance@IBM. The company has already spent the same amount of money last year on 'workforce rebalancing', its euphemism for redundancies. Big Blue's chief financial officer for finance and enterprise …
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IBM job cuts go compulsory

The job-cutting process at IBM UK has changed from voluntary to compulsory. Managers at IBM Global Services in the UK were originally looking for volunteers to cut head count by about 500. But even though they got more than this number of volunteers the process is going to become compulsory for some people. A source told the …
John Oates, 12 Apr 2010

HP workers under shadow of the axe edge towards ballot box

The Public and Commercial Services union is to ballot members working at HP over 600 planned job cuts to the services operation in the latest futile exercise to influence the company's decision making. As world + dog knows, HP's Make It Better Programme to rationalise the workforce is due to conclude by the end of October, by …
Paul Kunert, 01 Apr 2014
The Register breaking news

Job cuts on the rise

The number of companies expecting to make people redundant in the first quarter of this year is expected to rise sharply. Figures from KPMG and the Chartered Institute of Personnel and Development show private sector jobs might help offset public sector cutbacks - but overall two out of three employers expect to have less staff …
John Oates, 14 Feb 2011

HP wants HUNDREDS of hapless staffers OUT by April - trade union

Hundreds of British HP workers are being lined up for the chop this quarter with almost a half expected to come from Enterprise Services. Ian Tonks, national officer for IT and comms with trade union Unite, met with HP last week - as did the UK Works Council - to thrash out the latest tranche of local job cuts. He told us: "784 …
Paul Kunert, 11 Feb 2014
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HP's hiring: UK jobs for, er, UK workers.... maybe

HP has refused to rule out making roles redundant in the UK and shifting them to parts of Europe where average salaries are lower. Cost cutting HP last week entered into consultation with the works council and yesterday engaged with union types over plans to slash 7,100 roles across the region, the last tranche of 34k job cuts …
Paul Kunert, 10 Feb 2014

Mega-distie Ingram Micro cops to plans to axe jobs, padlock offices

Ingram Micro has confirmed that the "delayering" exercise that it was cagey about a fortnight ago will indeed involve redundancies across European ops as it centralises back-office functions. The beefy tech wholesaler revealed earlier this month that it is trying to figure out ways to slash annual overheads by $100m, speed up …
Paul Kunert, 27 Feb 2014
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Cost-slashing Sony axes 1,000 workers and 20 stores in US

Sony Electronics announced that it will shut 20 of the 31 stores it operates in the US and lay off 1,000 workers – a third of its workforce. The entertainment giant said the redundancies are part of Sony Corp's wider cash-cutting program, which will axe 5,000 jobs worldwide and kicked off at the start of February. Back then, it …
Shaun Nichols, 27 Feb 2014
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Sage workers braced for job cuts

More job losses are predicted at Sage when the firm announces its financial results tomorrow. Last month the accountancy software provider offered UK staff voluntary redundancy as part of a cost cutting programme. The Newcastle-based firm employs 2,200 people in the UK and 14,000 in total worldwide. The Sunday Times predicted …
John Oates, 05 May 2009
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Huge jobs loss to follow public sector cuts

Half a million private sector jobs are likely to be lost as a result of public sector spending cuts. Predicted public sector cuts could mean 186,000 fewer jobs in business services and 47,000 fewer people employed in transport and communications. Add to that job losses from the construction, manufacturing and hospitality sectors …
John Oates, 13 Oct 2010
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HP job cuts hit Scotland

Ink giant HP is sacking 850 people at its plant in Erskine, Renfrewshire because production of servers and storage devices is moving to the Czech Republic. Some 1,300 people are employed at the plant. Staff are expected to be told the news later today; a spokeswoman for HP confirmed to the BBC that a meeting was being held this …
John Oates, 28 May 2009

Ingram chief on $100m SLASH FEST: 'It doesn't take a genius' to see IT market's changing

Lumbering tech distributor Ingram Micro is banking on the biggest restructure in its European history to make the biz leaner and meaner, regional president Gerhard Schultz has revealed. Details of the global transformation plan designed to slash annual overheads by $100m a year are emerging, and as revealed yesterday will …
Paul Kunert, 28 Feb 2014
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Nokia Siemens Networks to 'axe 8,500 jobs' amid biz gobble

Comms hardware maker Nokia Siemens Networks is reportedly planning to lay off as many as 8,500 staff to ratchet up profits as sales slump. Nokia announced today that it had completed the acquisition of Siemens' stake in Nokia Siemens Networks, and rebranded the subsidiary Nokia Solutions and Networks (NSN). The deal was …
Jasper Hamill, 07 Aug 2013
The Register breaking news

Gloomy forecast, job cuts, product delays at RIM

Research In Motion (RIM) has issued a profit warning, plans to cut the workforce and delay product launches amid fierce competition from smartphone rivals. The BlackBerry and PlayBook maker grew 2012 fiscal first quarter revenues 16 per cent year-on-year to $4.9bn (£3bn) as profits slid nine per cent to $695m. But on a …
Paul Kunert, 17 Jun 2011
The Register breaking news

Job cuts start to bite at Barclays

Barclays Bank is cutting 200 jobs from its IT department, but the bank is hoping it will reduce the number of redundancies originally announced. The redundancies are from its Global Retail and Commercial Banking department. We received an email from a Barclays worker which said 200 permanent jobs in technology and shared …
John Oates, 11 Jun 2009
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Juniper ELIMINATES 300 jobs, braces wallet for US gov shutdown blow

Jittery Juniper Networks is axing hundreds of workers amid concerns the US government shutdown could hamper its stateside federal business. The cuts were confirmed during a conference call with analysts last night to discuss the firm's third-quarter results. Juniper also revealed sales had risen to $1.185bn, up three per cent …
Paul Kunert, 23 Oct 2013

Axe falls: Virgin Media plans to kill 600 management jobs

Virgin Media is shedding up to 600 management jobs in the wake of Liberty Global's takeover of the British telco. The Register understands that the cost-cutting restructure is intended to help the company focus on growth. A source close to the situation told us that, in the coming months, most of the other UK-based positions – …
Kelly Fiveash, 20 Sep 2013
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HP cuts 27,000 workers

As rumored last week, IT giant Hewlett-Packard is slashing its employee count worldwide to squeeze more profits from its revenue stream. The job cuts are not as deep as some had been expecting, but are still going to be tough on the company. In a statement put out ahead of its conference call with Wall Street analysts, HP said …
The Register breaking news

TalkTalk talks job cuts

TalkTalk, the broadband provider spun off from CarphoneWarehouse, is cutting jobs. The company held meetings with staff this morning as part of the consultation process. In total 580 jobs will go as part of a major restructure. TalkTalk is the result of several mergers and takeovers, including Tiscali UK. Chief Executive Dido …
John Oates, 26 Jan 2011
The Register breaking news

Job cuts move from private to public sector

Just as confidence is starting to stabilise in the private sector, so employment prospects in the public sector seem to be getting worse. A survey from the Chartered Institute of Personnel and Development and KPMG found fewer firms are expecting to lay people off, and those that are planning to do so expect to make smaller cuts …
John Oates, 10 Aug 2009
The Register breaking news

Credit Suisse and HSBC announce job cuts

Back-office and IT staff are among those leaving Credit Suisse and HSBC after the banks announced job cuts yesterday. Credit Suisse is cutting 10 per cent, or 650 positions. HSBC will cut headcount by 500. Many banks are now in their second or third round of cuts and some have also taken action by cutting contractor rates - …
John Oates, 03 Dec 2008
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Fujitsu staff begin walkouts over pay, job cuts

Fujitsu Services' staff are picketing at the company's London headquarters today, in protest against pension cuts and compulsory redundancies set for the New Year. Earlier this week, Unite union members at the firm voted overwhelmingly in favour of strike action, after many Fujitsu workers expressed disgust at the services …
Kelly Fiveash, 18 Dec 2009
The Register breaking news

US job cuts slow in April

In what is probably the first good news on the jobs front that the US economy has seen since last spring, the Labor Department's Bureau of Labor Statistics has reported its unemployment figures for April. Although the number out of work rose, the job cuts were lower than expected, perhaps indicating that the rate of the collapse …
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Sony set to axe 5,000 workers worldwide as it flings PC biz overboard

Stumbling consumer electronics giant Sony has confirmed it will axe 5,000 workers worldwide and offload its loss-making PC business to private equity firm Japan Industrial Partners (JIP). The ailing Japanese corporate revealed the restructure as it forecast a ¥110bn loss (£665m) for the current financial year ending March …
Paul Kunert, 06 Feb 2014
The Register breaking news

Merrill Lynch confirms IT job cuts

Merrill Lynch CEO John Thain has confirmed that the search for $7bn in cost cutting was likely to mean thousands of job cuts at the firm following its takeover by Bank of America. Thain said the integration process had already begun after the $50bn bail-out. "Most jobs will go on the infrastructure side - IT, finance and …
John Oates, 21 Oct 2008
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Microsoft crimps products after second wave of job cuts

Microsoft is reining in several of its products following the company's second round of lay-offs that kicked off on Tuesday. The software giant isn't killing any products yet, instead it is scaling back its commitment to .Net Micro Framework, MSN Direct Service and its ResponsePoint phone system after letting go of 3,000 staff …
Kelly Fiveash, 07 May 2009
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HP redundancies all about getting 'cheaper, lower skilled' bods

HP engineers in Blighty's Customer Delivery Services unit were warned of redundancies yesterday, with more than one in 10 workers expected to pick up a P45. The trimming is all part of HP's multi-year Make It Better restructuring programme that will see a total of 29,000 workers laid off by the start of its next fiscal year …
Paul Kunert, 20 Nov 2013