Articles about Job Cuts

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Oracle confesses to quietly axing its UK software support centre

Exclusive Oracle has admitted it is axing its UK software support centre – in a move sources say will shift all European support work to Romania and cut "more than 1,000" support staff. The ERP giant confirmed to The Register that it was "in the process of consolidating its software support services into co-located entities." It said …
Kat Hall, 24 Nov 2015

Citrix to axe 1,000 workers, tells GoTo to go to someplace else

Citrix has announced plans to lay off 1,000 employees as part of a corporate reshuffling that will also include spinning off its GoTo brand. The IT giant said it would be letting the GoTo family of products, including GoToMeeting, GoToAssist and GoToMyPC, cast off on their own as a standalone operation. Citrix said the spinoff …
Shaun Nichols, 17 Nov 2015
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Lenovo loses $784m in Q2. But actually things are OK

Restructuring costs downed Lenovo’s profits for a second consecutive quarter caused by the ingestion of acquired businesses and previously confirmed job cuts. Operating expenses swelled in the company’s Q2 of fiscal year 2016 to $2.36bn from $1.09bn a year ago, paving the way to an operating loss of $784m, compared to an …
Paul Kunert, 12 Nov 2015

Whitman's split: The end of Fiorina's HP grand expansion era

Hewlett Packard became two companies on 1 November, splitting enterprise from consumer. Founded by David Packard and William Hewlett, number one in PCs and in servers, one the granddaddies of Silicon Valley, the massive corporation has undergone a massive change. Personal computers and printers have now been set adrift onto …
Gavin Clarke, 02 Nov 2015
Three slices of American bacon

'Cancer-causing bacon would put a real dampner on processed pig sales'

QuoTW This week, it was all about a CIA hack, a stock handout at Twitter and a tale of laid-off worker outrage. Now, let's have a look at the quotes of the week: The fatty sheen has been taken off the bacon sarnie with new research that tells us processed meats could be a cancer risk. In its report, the World Health Organisation …
Shaun Nichols, 25 Oct 2015
Santa Claus on his laptop

Twitter CEO Jack Dorsey hands out shares to remaining staffers

Having recently put down his axe after hacking away 336 staff earlier this month, chief executive Jack Dorsey has now donned his Santa suit to hand out $200m (£130m) worth of stock to remaining employees. Dorsey said he was giving away about 1 per cent of the company to the company’s 3,700 employees, in Twitter's Teatime town …
Kat Hall, 23 Oct 2015

Steve Ballmer praises Twitter job cuts after buying 4% stake in ailing micro-blab site

Erstwhile Microsoft CEO Steve Ballmer revealed on Friday that he had recently acquired a 4 per cent stake in troubled micro-blurting site Twitter. The news came in a tweet from Ballmer who congratulated Twitter on its decision earlier this week to cut costs by lopping off 8 per cent of its workforce. Good job @twitter,@ …
Kelly Fiveash, 17 Oct 2015
The Shining - blood cascade

BLABBERGEDDON BEGINS! Twitter lays off 8% of its workforce

Twitter has confirmed that it will cut loose more than 300 employees as the profitless company attempts to claw back costs and push for user growth on the struggling site. The firm, whose old CEO Jack Dorsey returned to run Twitter last week, said in a US Securities and Exchange Commission regulatory filing that – as a result …
Kelly Fiveash, 13 Oct 2015
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BLABBERGEDDON! Old Twitter chief becomes new Twitter chief to axe staff – report

Twitter is preparing to lay off an unknown number of staff, just days after Jack Dorsey returned to the micro-blabbing site. It turns out that he came back to the struggling company wielding a sharpened axe. According to the New York Times, which cited three anonymous sources, job cuts could come as early as next Tuesday. …
Kelly Fiveash, 10 Oct 2015
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Like your job at Sprint? Yeah, about that ... $2.5bn in cuts coming

US mobile carrier Sprint plans to tighten its belt to the tune of up to $2.5bn in cost cuts over the next six months, a new report claims. The Wall Street Journal said on Thursday that it has obtained a memo outlining the plan that was sent to Sprint staffers this week by CFO Tarek Robbiati. In it, Robbiati reportedly said he …
Neil McAllister, 02 Oct 2015
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Toshiba CEO: Yeah, we MAY need to chop some heads

Toshiba is looking to take “urgent action” across its PC and TV business that may well involve cutting jobs, according to the chief executive. The scandal-hit Japanese corporation last month reported declining sales and widening losses in its Lifestyle Products and Services division that houses clients devices. This followed …
Paul Kunert, 01 Oct 2015
Files in manager's desk drawers: manila folder marked "Redundancies". Image via shutterstock

HP Inc to pink-slip 3,300 workers amid biz-split bloodbath

HP Inc – the bit of HP that makes printers and PC – will shed 3,300 jobs, it was revealed on Tuesday. HP is splitting in two formally on November 1, forming Hewlett Packard Enterprise and HP Inc. HP Inc, which will be based around HP's personal systems and printing groups, will report $6.8bn total debt when it begins operating …
Shaun Nichols, 16 Sep 2015
Axe, image via Shutterstock

HP Enterprise will axe 25,000 to 30,000 staff

HP will cut between 25,000 and 30,000 jobs amid its restructuring overhaul. The troubled IT giant told analysts in San Jose, California, on Tuesday it will have to make the redundancies as part of an effort to trim $2.7bn from its books. The axe will fall in Hewlett Packard Enterprise, which is one half of the HP split that …
Shaun Nichols, 15 Sep 2015
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HP going public on more job cuts, say expectant analysts

HP CEO Meg Whitman is to brief financial analysts Stateside later today on the commercial forecasts post split, with Wall Street types also expecting detailed news of more jobs cuts on the Enterprise Services side. The company breaks apart legally from the 1 November, forming HP Inc (PC/printers) and HP Enterprise (the rest of …
Paul Kunert, 15 Sep 2015
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ACCC hopes to SLASH rural backhaul prices

In a move that Vulture South's crystal ball suggests will be hotly resisted by Telstra, the Australian Competition and Consumer Commission is proposing that rural backhaul costs be slashed. Backhaul – in ACCC parlance, the Domestic Transmission Capacity Service, or DCTS – has long been a thorn in the side for anyone wanting to …
Acer's PC Phone, the Jade Primo

Return of the Pocket PC: Acer shows off Jade Primo PC Phone

IFA 2015 Acer will release the "Jade Primo" PC Phone later this year, running Windows and taking advantage of Microsoft's Continuum feature to behave like a PC when connected to an external display, keyboard and mouse. "The goal is to extend the Windows experience from mobility to desktop. It is an important step towards the vision of …
Tim Anderson, 02 Sep 2015
Angry Birds 2 poster

Angry Birds maker Rovio takes aim at staff, axes a third of them

Angry Birds maker Rovio has announced plans to lay off 260 employees. The Finnish mobile-games-developer-turned-entertainment-franchise said on Wednesday that roughly one third of its work force will be cut as it narrows its focus on its core games and media businesses. "This is personally a difficult decision," said Rovio …
Shaun Nichols, 26 Aug 2015
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NetApp falls into loss-making territory as yearly revenues drop 10 per cent

No wonder Tom Georgens had to go; NetApp’s first fiscal 2016 quarter showed a $30m loss, its first for several years. Revenue of $1.34bn was 10 per cent down on the year ago’s $1.49bn, and 13 per cent down on the immediately preceding quarter. A year ago, profits were $88m. In the prior quarter they were $135m ... and now …
Chris Mellor, 20 Aug 2015
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Kelway new owner CDW tells staff to rest easy. Job cuts? Nah

The great unwashed at Kelway could be forgiven for checking their backs after CDW acquired the reseller yesterday, but job cuts or office closures are not part of early integration plans, or so say the new bosses. The world’s largest tech reseller – CDW won 3,000 new punters in Q2 alone compared with the 4,600 in total that …
Paul Kunert, 04 Aug 2015
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Staff at stumbling server storage supplier QLogic brace for big layoffs

QLogic, swaying in the doorway with a tatty photocopy of its lousy prelim results in hand, has warned staff they will be axed to cut costs. A couple of weeks ago, the server-storage connectivity card vendor signaled poor first fiscal 2016 quarter results were coming: sales will be up to $19m lower than the most optimistic …
Chris Mellor, 21 Jul 2015
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AMD CEO: We're jumping back into cost-cutting mode

AMD has confirmed it is slipping back into cost-cutting mode after its annus horribilis, caused by tanking demand for consumer PCs in a quarter described by CEO Lisa Su as the “revenue trough” for 2015. As the headline figures revealed last night, there was little to cheer up AMD or investors; revenue dropped eight per cent …
Paul Kunert, 17 Jul 2015
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Daisy Group seals Phoenix IT Group buy, exec set for exit

Some execs at LSE-listed Phoenix IT Group are edging toward the exit, El Chan can reveal, after the proposed takeover by Daisy Group today got the official rubber stamp. The approach from privately owned Daisy came in May when it offered 160 pence per share for Phoenix in a transaction that valued the equity at £135m. The …
Paul Kunert, 16 Jul 2015
Intel headquarters, Santa Clara

Intel beats earnings estimates (because nobody expected it to earn much)

Punch-drunk Intel staggered along in the second quarter of its fiscal 2015 and somehow managed to outperform analysts' estimates, even though its results looked even worse than the previous quarter's. Total revenue for the three months that ended on June 27 was $13.2bn. And while that was better than Wall Street hoped for, it …
Neil McAllister, 15 Jul 2015
windows 10 microsoft one windows

Microsoft giving up on phones? Naaahh ... Windows 10 Mobile lumbers toward release

Microsoft has released a new preview build of Windows 10 Mobile, the version of the new OS for phones, and it has the same build number as the current version for desktop PCs. That doesn't mean it's equally close to release, though. While Microsoft has committed to a July 29 release date for the PC version, it has made no …
Neil McAllister, 10 Jul 2015

Microsoft SLASHES 7,800 bods, BURNS $7.6bn off books in Nokia adjustment

Microsoft will carry out one of its largest rounds of job cuts and a record book writedown in a restructuring plan that calls time on its ill-fated Nokia acquisition. The Windows goliath confirmed on Wednesday (July 8) that 7,800 staff will go, primarily from its phone hardware business – the Nokia devices and services unit it …
Gavin Clarke, 08 Jul 2015
Axe, image via Shutterstock

Bloodthirsty Microsoft prepares for imminent 'major' job cuts

Microsoft is sharpening the axe for a "major" round of job cuts, according to a report. The New York Times reckons on a fresh round of layoffs on Wednesday (July 8) but there were no more details. Microsoft is reported to have not commented. Any cuts would come on top of the 18,000 already drawn up. Cuts are expected to fall …
Gavin Clarke, 08 Jul 2015
Files in manager's desk drawers: manila folder marked "Redundancies". Image via shutterstock

CSC insiders: 800 job cuts will hit service delivery for punters

CSC is pressing ahead with plans to axe hundreds of workers, brushing aside concerns from some employees that customers are already feeling the pinch of past cost cutting actions. In what has become an annual ritual for CSC, almost 800 employees were put at risk of redundancy in May, with their roles earmarked to be sent to …
Paul Kunert, 23 Jun 2015
Satya Nadella and Stephen Elop

BOOM! Stephen Elop shuffled out of Microsoft door

Ex-Nokia chief Stephen Elop is officially out of Microsoft. Redmond announced the cull of top execs at the software company in the past hour, and Elop is the most high-profile victim of the bloodletting. Elop, Kirill Tatarinov and Eric Rudder will be leaving Microsoft following a handover period at the firm. It means that …
Kelly Fiveash, 17 Jun 2015
Axe, image via Shutterstock

Intel sharpening axe for job cuts this month – report

Intel is planning a major, company-wide staff reduction later this month, sources inside the company claim. Portland's The Oregonian newspaper claims to have obtained a confidential internal Intel document explaining that the company plans to keep its expenses flat in 2015, which will include reducing headcount by an …
Neil McAllister, 10 Jun 2015
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Oh no! That's another year you didn't grow, KCOM

Brit telco KCOM Group has reported top line shrinkage for the seventh consecutive year, this time blaming problems on “legacy activities” while unsurprisingly pinning its future on cloud services glory. The tech integrator/ comms provider reported a 6.1 per cent fall in revenues to £347m for the year ended 31 March - the last …
Paul Kunert, 05 Jun 2015

CSC picks up axe, takes aim at its own profitable bits

CSC confirmed last night it is to split the US public sector biz from the rest of the group – the only division last quarter where sales aren’t dropping and which generates the highest operating profit. As expected, the hard-pressed integrator is to hive off the operation into a separately listed company, with sales of $4.1bn …
Paul Kunert, 20 May 2015
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EMC UK channel overlord Poole exits role but not company

Ten months into Russell Poole’s chairmanship of EMC’s Brit channel and he trekking into Europe to take on a more lofty role in the organisation. Poole replaced Terry Beale last August as the local channel chief, adding the reseller and distribution badges on his lapel to existing service provider and public sector …
Paul Kunert, 18 May 2015
Files in manager's desk drawers: manila folder marked "Redundancies". Image via shutterstock

HP Enterprise Services staff jog on, waving fat redundo cheque

HP has waved goodbye to a bunch of Enterprise Services staffers across Europe as it edges closer to the end of a multi-year job culling exercise and the big corporate split. Some 55,000 employees will have left the grand old lady of tech by the end of October when the programme – launched in 2012 – crosses the finishing line …
Paul Kunert, 12 May 2015
A large hand flicks an icon of a little red man. Image via shutterstock (Lasse Kristensen)

CSC picks up the axe yet again, eyes 800 staffers' quivering necks

Exclusive CSC is preparing to axe almost 800 staff in the UK and Ireland in what it is calling a "Get Fit" phase, with current proposals to transfer some of these positions to near-shore and offshore centres. Bloodletting is a seemingly annual custom for the scandal-hit ailing integrator. It is just over a year since CSC put 750 workers …

Citrix – Sorry, we didn't realise job cuts would knacker results

Citrix dropped the ball in Q1 by underestimating the short-term effects of chopping hundreds of staffers as part of a company-wide restructure, and the challenge posed by the swollen dollar. The firm previously warned shareholders and Wall Street analysts a fortnight ago that sales and earnings per share would come in lower …
Paul Kunert, 23 Apr 2015
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EMC's curate's egg sees revenues waiting for new product take-offs

EMC’s first quarter results were like the curate's egg; good in parts, but hit by currency problems, job cuts and unsatisfactory core storage revenues in others. First-quarter 2015 revenues were up 2 per cent to $5.6bn, compared to $5.5bn a year ago, with EMC II (the core storage biz) revenues disappointing. The top-line …
Chris Mellor, 23 Apr 2015
Shopping trolley. Pic: Mikey, Flickr

Coms: Yes, we DID appoint advisors to flog off our voice biz

Troubled London-listed Coms plc has publicly stated it is working with a business advisor to carve off part of its operation, following an El Chan report that it called upon Knight Corporate Finance (KCF) to sell its voice division. As revealed by us on Friday, Paul Billingham, founder and joint partner at KCF, was told to get …
Paul Kunert, 20 Apr 2015
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Bloodied SanDisk preps for job cuts after market reading mis-steps

Comment SanDisk said its Q1 numbers were going to be bad, and bad they were, with revenue and profits drops due to an embedded component material screw-up and execs not seeing where the market was going. Job cuts are coming. What’s happened is that SanDisk fell short in the enterprise market, mis-read trends, and then discovered it …
Chris Mellor, 16 Apr 2015

Talk is FINNISHed: Nokia to buy Alcatel Lucent for €15.6 billion

Nokia and Alcatel-Lucent have confirmed rumours about a possible merger by saying it will happen, as “The two companies have entered into a memorandum of understanding under which Nokia will make an offer for all of the equity securities issued by Alcatel-Lucent”. Each Alca-Lu share will be exchanged for 0.55 of a new Nokia …
Simon Sharwood, 15 Apr 2015
A large hand flicks an icon of a little red man. Image via shutterstock (Lasse Kristensen)

Micro Focus guillotine will fall more frequently on Novell necks

Novell seems to be bearing the brunt of the mammoth restructuring that parent company Micro Focus is currently executing, say our sources close to the situation. This week, Micro Focus issued a profit warning based on the strengthening dollar and went public on a review of the group – trading brands include The Attachmate …
Paul Kunert, 10 Apr 2015
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Cost cutting at Arrow ECS as senior accounts bods exit

Arrow ECS is integrating its UK sales desk with the team at Computerlinks, and in the process has decided to trim costs by getting rid of some senior account directors. Sources tell us seven experienced hands including Mark Chippendale - who spent more than a decade covering key accounts - were recently made redundant by the …
Paul Kunert, 09 Apr 2015
Files in manager's desk drawers: manila folder marked "Redundancies". Image via shutterstock

IBM staffers climb over each other in race for redundancy payout

IBMers working in the Systems Middleware (SM) division are falling over themselves to volunteer for redundancy, with the programme heavily oversubscribed. Some 110 people want to leave the company with a big fat cheque, which is way more than the ten per cent of the division’s 736-strong workforce that IBM had in mind. The …
Paul Kunert, 13 Mar 2015
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Job cuts klaxon: SAP axes 2,200 staff, denies 'cost cutting' to blame

Europe’s largest software firm is reportedly cutting up to three per cent of its workforce. SAP’s HR chief Stefan Ries has told Bloomberg the enterprise giant is cutting 2,000 staff. The firm's total headcount is 74,406. Its chief executive Bill McDermott announced its second round of job cuts in less than a year. When …
Gavin Clarke, 06 Mar 2015
IBM Headquarters, Armonk, NY

Soz, HP. IBM has out-mega-dealed you – tech analyst

Having hoovered up a number of megadeals last year, IBM has left rival HP eating its dust in the infrastructure space, according to an analyst report. In December IBM announced a $1bn (£644m) deal with German airline Lufthansa, a win with global comms company WPP for $1.25bn (£800m), and said it had scored undisclosed deals …
Kat Hall, 26 Feb 2015
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IBM: Who wants to leave with a swollen package?

IBM is continuing to set up Employee Consultation Committees to identify people who want to jump rather than be pushed in the latest workforce purge, according to a memo seen by us. Rob Lamb, veep of manufacturing and development for Europe and a Hursley Lab leader, informed staff last week that Big Blue was forming an ECC to …
Paul Kunert, 16 Feb 2015
IBM CEO Ginni Rometty

Tough at the top: IBM CEO Ginni Rometty troughs $10 MEELLION+

It may not be the best time to be one of the great unwashed at IBM but it certainly pays to be on the exec team, particularly if your name is Virginia Rometty. At a time when Big Blue is cutting its cloth according to the new era of cloud, mobility, social, analytics and security by chopping thousands of job, the CEO got a …
Paul Kunert, 02 Feb 2015
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IBM jobs axe: 'The cuts have STARTED and are spreading' sigh staff

Word has it that IBM's latest big staff purge is now underway, with former Big Blue workers reporting that they have been handed pink slips along with kits describing their severance packages. Rumors that IBM was planning major job cuts were flying fast and furious this week, following a Forbes editorial that claimed the firm …
Neil McAllister, 28 Jan 2015

IBM to cut '118k jobs worldwide' – report claims

Updated IBM is reportedly planning to jettison 118,000 workers to counter 11 quarters of declining sales and the impact of shifting industry demand – which, if true, would make it one of the biggest corporate culls on record. El Chan recently broke the huge divisional revamp at Big Blue in a worldwide exclusive, with a series of new …
Paul Kunert, 26 Jan 2015
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Dixons Carphone bye-bye'd 800 staff since merger

Some 800 UK staffers have been made redundant or put at risk of redundancy since the mega merger between Carphone Warehouse and Dixons Retail, The Channel can reveal. This includes 400 staff at Dixons’ Hemel Hempstead-based HQ that did not want to relocate to Carphone’s equivalent office in Acton, a driving distance of a …
Paul Kunert, 06 Jan 2015
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eBay planning massive job cuts following PayPal split – report

Holiday good cheer may be short-lived for eBay employees this year, many of whom could reportedly lose their jobs not long after the Christmas shopping season. According to The Wall Street Journal, the online tat bazaar is considering cutting as much as 10 per cent of its workforce in the New Year, with most of the 3,000 …
Neil McAllister, 11 Dec 2014