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Articles about Job Losses

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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

Olympus confirms rumoured job losses in restructuring

Scandal-hit camera firm Olympus has announced a five-year plan to turn itself around, including axing 2,700 workers and merging or getting rid of some of its 30 factories. Rumours of the restructuring started circulating a couple of weeks ago, but Olympus wouldn't comment at the time. The Japanese company said it would be …
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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
Costumed pirate

Economics prof denies digital pirates plundered €20bn from EU coffers

A European academic has rubbished claims by the Business Action to Stop Counterfeiting and Piracy (BASCAP) group that digital piracy cost the EU more than €20bn between 2008 and 2011. Making the assumption that the creative and service sectors performed at the same level, a grand total of around one million jobs and €47bn of …
Jennifer Baker, 08 Oct 2014
The Register breaking news

More job losses on the way as Tata picks up Telstra back office

In a multi-year, $US50 million deal, Indian giant Tata Consultancy Services is to expand its footprint in Telstra’s back office processing. According to The Hindu Business Line, the deal covers finance and accounting operations, and will replace more than 100 Telstra staff. A Telstra spokesperson contacted by the newspaper said …
The Register breaking news

Job losses hit C&W profits

The cost of sacking hundreds of staff during the integration of Thus meant Cable and Wireless reported full year pre-tax profits down 13 per cent today. In the year to the end of March, the firm earned £233m on revenues of £3.6bn, up from £3.2bn the previous year. Restructuring losses from last year's £329m Thus acquisition, …
bls_jobs_image bureau of labor statistics

US job market sneezing, blowing nose: Will we catch cold too?

The way the US economy is adding jobs each month – or rather, not adding a sufficiently large number of new workers – Mitt Romney will be six months into his second term or Hillary Clinton will be a half-year into her first term before the unemployment rate comes back down to levels before the Great Recession hit in December …
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
Life of Brian

Unionised workers vote to become thorn in HP's side

Some HP workers in the Application Services (AS) division based at Lytham and Warrington have voted against plans to relocate 400 roles to regional delivery centres. According to numbers from HP and the Public and Commercial Services (PCS) union, 99 of the 331-strong base of unionised workers at the two sites returned a ballot …
Paul Kunert, 14 Jul 2014

Union accuses Capita on job losses

Unite, the union formerly known as Amicus, is accusing IT services giant Capita of breaking its promises not to cut staff in Belfast. The 116 workers in Capita's life and pensions department in Belfast must now reapply for the remaining 75 positions. Graham Goddard, deputy general secretary of Unite, said: "Capita have failed …
John Oates, 21 Jan 2008

Australian whistleblower laws weaker than China's, report finds

Australia's private sector whistleblower laws are weaker than those in most G20 countries including Turkey, China, and Indonesia, according to researchers at Melbourne and Griffith universities. The report Whistleblower Protection Rules in G20 Countries: The Next Action Plan found while in roads had been made to improve whistle …
Darren Pauli, 10 Sep 2014
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Job losses loom at Siemens

Siemens could be about to announce a rack of job cuts as part of moves to restructure the business and stem losses, according to reports from Germany. Some 1,300 jobs are due for the chop at Siemens' SBS IT division, according to a report by Sueddeutsche-Zeitung by way of AFX, as it seeks to find €1.5bn in cost savings. …
Tim Richardson, 15 Sep 2005
Dunce

Symantec fires CEO Steve Bennett: To lose 1 chief is unfortunate, to lose 2 is OK, apparently

Symantec has fired its second CEO in two years: the company's chief exec, president and former board chairman Steve Bennett was today shown the door after less than 18 months on the job. "We recognize Steve's contributions to Symantec, including developing and leading a series of successful initiatives focused on organizational …
Iain Thomson, 20 Mar 2014
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'UK workers bear brunt of global HP job losses': Unite

Unite has hit out at Hewlett-Packard for making more job cuts in Britain - mostly among its EDS staff - than anywhere else in Europe. The UK’s largest union said yesterday that HP’s decision to axe a quarter of its British staff following the takeover of the IT services firm in August was a mistake. "This should be a merger for …
Kelly Fiveash, 13 Nov 2008

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

Activist investors force Riverbed into climbdown over cash 'n' costs

Another one bites the dust as activist investor Elliott Management forces networking biz Riverbed into a strategic review of its options. Despite announcing good second and third quarter results with increasing revenues and profits, Riverbed has had to bow to activist investors' concerns about shareholder value by initiating a …
Chris Mellor, 24 Oct 2014
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

CONFIRMED: Sophos shifting threat response work to India

Sophos has confirmed it is moving the "majority of its [computer security] threat response work" to India. The Register got wind of the change from an anonymous tipster who told us SophosLabs is shifting away all of its frontline operations to India after it acquired Cyberoam there in February this year. In a statement, Sophos …
John Leyden, 04 Jun 2014
IT Crowd. Source: Channel 4 / 2entertain

Sophos to offshore American support operations

Sophos plans to offshore support operations from the US to Canada and the Philippines as part of a wide-ranging restructuring of its support operations. The plans were outlined in an internal email to staff from Mary Winfield, SVP Global Support, leaked to El Reg by an anonymous tipster. "Another year, another round of layoffs …
John Leyden, 20 Oct 2014

Olympus trio escape jail but firm fined £4.6 MEEELION

Three former Olympus execs have been found guilty of massive accounting fraud and the camera-maker fined ¥700m (£4.6m), although the disgraced trio escaped prison sentences. Tokyo District Court on Wednesday sentenced former chairman Tsuyoshi Kikukawa, auditor Hideo Yamada, and ex-VP Hisashi Mori to suspended prison terms after …
Phil Muncaster, 04 Jul 2013
Xerox

Xerox job losses on the cards after all

Xerox employees who were due to move to IBM after the firm outsourced their jobs have been dealt a blow, with news that IBM plans to make them redundant. The outsourcing was part of a review of Xerox's operations that had been carried out by the document firm in a bid to control costs. Under the original plan, Xerox was to …
Ciara O'Brien, 02 Aug 2007
The Register breaking news

Sun job losses: Scotland spared

Sun Microsystems, which announced 3,300 job losses last week, is making fewer than 50 people redundant in Scotland. The 800 workers at Sun's Linlithgow plant will hear their fate today but Hugh Aitken, Sun's European boss, said he hoped the impact would be "minimal, hopefully below 50", according to The Scotsman. The paper …
John Oates, 05 Apr 2004
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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

CWU 'shocked and dismayed' at O2 job losses

The Communications Workers Union (CWU) has promised the "strongest possible" response if O2 announces compulsory redundancies as part of the 500 job losses it disclosed yesterday. The mobilephoneco said the job cuts from managerial and back-office staff are part of a restructuring of its business as it seeks to become more …
Tim Richardson, 23 Mar 2005
The Register breaking news

'Painful' job losses likely at Airbus

Airbus's new boss Louis Gallois has warned the company faces "painful" job losses as a result of delays to the A380 "Superjumbo" programme, the BBC reports. Gallois, who today replaced Christian Streiff as top gun after the latter managed just three months in the big seat, said "cost-cutting measures would be evenly split …
Lester Haines, 10 Oct 2006
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Layoffs at EMC's RSA security division

RSA, the security division of EMC, has confirmed plans to restructure its business, a move than means an unspecified number of long-term staffers will be shown the door. Details are scarce, for now, but RSA said that it plans to make new hires that will more than offset job losses by start of 2014. It wrote in an email: While …
John Leyden, 20 Sep 2013
homeless man with sign

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
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 …
globalisation

Siemens Business Systems confirms job losses

Siemens has confirmed that 2,400 jobs are to be axed at its IT business in Germany over the next two years as the technology and engineering giant looks to cut costs. Speculation has grown over recent weeks about the scale of the job losses as Siemens looks to cut overheads in a bid return to "sustainable profitable growth". …
Tim Richardson, 19 Sep 2005
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Swansea IT workers fear job losses

IT workers at Swansea Council - who went on strike for eight weeks last year in opposition to an outsourcing deal - fear their jobs could be put at risk once again. As part of the ambitious service@swansea egovernment scheme as many as seven in ten of the council's IT workers are to be transferred to Capgemini. The council …
Tim Richardson, 17 Oct 2005
The Register breaking news

Job losses at Simply Computers

Systemax is restructuring its Simply Computers division, shutting down its warehouse ops in Walthamstow and focusing all logistics at Greenock. There's around 40 job losses. Last month, the company outsourced Simply's PC building business to UK Configuration Centre (UKCC)of Bishops Stortford. Both moves follow a strategic …
Drew Cullen, 14 May 2002
The Register breaking news

NTL confirms 6,000 job losses

NTL has confirmed it is to axe around 6,000 UK jobs while outsourcing a "significant number" as part of its merger with Telewest. In a statement today, NTL chief exec Steve Burch said the cableco is to "accelerate our integration program" so it can save £250m a year by the end of 2007. "Part of this process will involve …
Tim Richardson, 09 May 2006

100% driverless Wonka-wagon toy cars? Oh Google, you're having a laugh

Google may have underestimated the difficulty of driving in Europe, and yesterday’s announcement about its driverless cars is evidence that it has. A photo of the new Google self-driving car But Mr Insurance man, the Google Noddy Car bumped me! Mountain View's Chocolate Factory unveiled a very Willy Wonka-esque two-seat …
Andrew Orlowski, 29 May 2014
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Sharp to shunt two telly factories

Ailing Japanese electronics giant Sharp is set to offload two of its manufacturing plants, shedding thousands more jobs than was originally feared, according to the latest reports from Tokyo. Sharp plans to eventually sell two of its TV production plants in Mexico and China to Foxconn parent company Hon Hai, according to Japan’s …
Phil Muncaster, 21 Aug 2012
The Register breaking news

IBM confirms 15K job losses

IBM is cutting more than 15,600 jobs worldwide in its computer services and microelectronics divisions, due to lower demand for its products and services. According to documents that IBM filed with the US Securities and Exchange Commission (SEC), 1,400 of the job losses will take place in the microelectronics division, but the …
The Register breaking news

WorldCom raises spectre of job losses

Staff at WorldCom International and UUNet have been warned that the integration of both companies will almost certainly lead to job losses. In a "Dear Colleague" internal memo issued to employees yesterday, WorldCom International head, Liam Strong, continued to expound the merits of UUNet becoming enveloped by WorldCom. But he …
Tim Richardson, 14 Feb 2001
The Register breaking news

Up to 390 TalkTalk jobs face axe as Northampton site shuttered

ISP TalkTalk is shuttering its Northampton office, "simplifying" its UK operations and "creating jobs nationally" while threatening to axe others. It said in a statement that "collective consultations" would take place with 390 staff across its sites at Northampton, Preston and Warrington. TalkTalk added: There will be …
Kelly Fiveash, 24 Apr 2012
The Register breaking news

'Small' upheaval at McAfee, not many fired

Intel-owned security firm McAfee is planning to lay off some of its 7,000-strong global workforce, a company spokesman in the US has said. The No 2 maker of antivirus software would not give any further details about the planned redundancies, only admitting that a "small percentage" of staff would be axed. The US spokesman …

Sony stock slides to 30-year low after record loss

Sony shares dropped to a 30-year low on the Tokyo Stock Exchange today after reporting a record loss of $5.7bn. The Japanese tech goliath predicts the first profit in five years in 2013, but investors seem unconvinced that the company can turn around its TV business and make any inroads into the smartphone market. Its shares …
The Register breaking news

Job losses may follow Toshiba DRAM output cuts

Toshiba's plan to shut down memory production at its Japanese Fab 1 plant to cut output by 25 per cent could be accompanied by staff reductions, the company has warned. The threat followed an admission that Toshiba's semiconductor operation will post a loss for the first six months of its financial year. The loss is being …
Tony Smith, 17 Aug 2001
The Register breaking news

IT depts under threat as City braces for 20,000 job cuts

The City of London could lose 20,000 jobs in the next two years as the credit crunch starts to bite. As many as 11,000 jobs could be lost this year followed by another 8,200 redundancies in 2009. The number of deals is also expected to fall - mergers and acquistions will drop 26 per cent this year and trading volumes on the …
John Oates, 15 Apr 2008
The Register breaking news

Energis ‘anticipates’ Irish job losses

El Reg has had some interesting feedback from readers concerning yesterday's story that UK telecoms group, Energis, is to create more than 100 jobs thanks to increased sales. That's all well and good, said one insider in an email, but what of the 100 or so people that have recently been made redundant at Energis' Irish …
Tim Richardson, 04 Mar 2003

3Com reports losses and hints at job cuts

Network equipment manufacturer 3Com announced it will create a separate telecoms subsidiary, as it revealed smaller than expected second quarter losses yesterday. 3Com reported total revenues for the quarter of $789.5 million, and net losses of $52.4 million which compares to a loss of $41.3 million in the previous quarter. …
John Leyden, 22 Dec 2000
The Register breaking news

Ex-eBay CEO to bid for Schwarzenegger's California job

Former eBay boss Meg Whitman plans on running for governor of California when Arnold Schwarzenegger leaves the high-profile executive gig in 2010. The billionaire Republican businesswoman confirmed speculation on her bid today by announcing she's forming an exploratory committee for the race. "Exploratory" is a bit of an …
Austin Modine, 10 Feb 2009
The Register breaking news

Vinyl sales reach 15 year high, Blighty becomes No. 3 music buyer

The UK overtook Germany as the world's third largest music market last year, according to the yearbook from trade association IFPI. The USA and Japan remain the largest two music nations. Revenues from music recordings were about the same as last year - $16.4bn - but a slow shift from physical (down 5 per cent) to legit internet …
Andrew Orlowski, 10 Apr 2013
The Register breaking news

Barclays axes 422 UK IT staff

Barclays is cutting back its UK IT workforce by axing 422 jobs - mainly at Radbroke Hall in Knutsford, northwest England. The bank euphemistically said that the lay-offs are part of "essential changes to technology and infrastructure". A well-placed source told The Reg that affected staff should expect more details on Monday. …
Anna Leach, 13 Jan 2012
The Register breaking news

WorldCom silent about job losses

WorldCom is still refusing to comment on the 6,000 job cuts it made yesterday in the US. It won't comment on whether we can expect job cuts elsewhere, even though documents seen by El Reg prove the outfit is set to announce losses following the integration of WorldCom International and UUNet. You know, it always beggars belief …
Tim Richardson, 01 Mar 2001
The Register breaking news

A hundred Brit IT bods' jobs under threat at Direct Line

Insurance group Direct Line is considering cutting up to 100 IT jobs in its plan to save £100m a year, some of which may go to outsourced employees. The Direct Line Group confirmed to The Register that 100 jobs are in the middle of a 90-day consultation period that started on 5 September and that outsourcing in general was an …
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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
The Register breaking news

Sega Europe job losses

Following Sega's decision to stop making the Dreamcast console at the end of March, Sega Europe has made an unknown number of people redundant this morning. The company won't say have many people have gone but email newsletter MCV reports that it may be the entire third party division, including Dreamcast guru Mark Maslowicz, …
Kieren McCarthy, 02 Feb 2001