Articles about Job Cuts

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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
Sprint WiMax Coverage map

Sprint will KILL OFF WiMax in 2015 – report

Third-ranked US mobile network Sprint appears to be poised to kill off its implementation of its less-regarded 4G technology, WiMax. According to a newsletter from the wireless provider leaked to Android Central, the date for the closure of the service is 6 November 2015. The spectrum it frees up – along with the spectrum …
Simon Rockman, 06 Oct 2014
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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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
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 …
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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

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
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

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
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

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 …

Cost-cutting Barclays bank swings axe on 5,600 IT and ops bods

Barclays will axe about 5,600 IT and operations staffers in 2014 in a massive restructuring effort. The at-risk techies work across the retail and investment arms of the British banking group. The plan is to achieve £1.6bn in savings by scrapping about 14,000 full-time staff over the next 12 months, a move unveiled on Thursday …
Gavin Clarke, 08 May 2014

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
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
The Tanami Desert en route to Willowara

TELEPOCALYPSE as Australian carriers shed jobs with horrible speed

While Australia's telco industry has become accustomed to the constant slim-down drive at incumbent Telstra and number-two Optus, an accumulation of bad news further down the food chain will narrow the options for the country's telco professionals. Optus' latest job cuts announcement, that rather than the 200 originally mooted …
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
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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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
Nokia Lumia 610

Microsoft adds wireless industry legend John Stanton to its board

Microsoft has added some mobile expertise to its board of directors, signing up wireless pioneer John Stanton, the former chairman of broadband firm Clearwire. Redmond chief Satya Nadella made it clear in his chat about the firm’s full year results earlier this month that Microsoft wants to be “mobile first, cloud first” under …

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
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Acer puts fundraising plan on ice as stocks struck by chilly winds

Acer could well postpone cash-raising activities on the Taiwanese Stock Exchange due to some volatility in its share price, according to founder Stan Shih. The plan was to issue shares with a target price of NT$20 per unit but the PC maker’s valuation dipped NT$0.35 on the Exchange yesterday to NT$19.80, so investors are …
Paul Kunert, 28 Oct 2014
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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
Microsoft campus

Too many IT conferences to cover? MICROSOFT to the RESCUE!

Microsoft is kicking off a corporate overhaul with the introduction of new policies shrinking the number of corporate conventions and contracted workers. The company said in an email to partner firms that it would place an 18-month limit on the tenure of all contracted employees. Those who hit the limit will be asked to take six …
Shaun Nichols, 21 Jul 2014

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
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

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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Chips are down at Broadcom: Thousands of workers laid off

Broadcom is exiting the cellular baseband business, a decision that's has bitten hard, with the company announcing layoffs of around 2,500 employees – around 20 per cent of its total workforce – worldwide. Its latest SEC filing shows the company turned in a loss of $US1 million for the quarter, a collapse from the previous …
Sprint CEO Marcelo Claure

New Sprint CEO says he will lower axe on staff – but prices come first

The new CEO of US mobile operator Sprint says he's planning aggressive moves to regain market share starting next week, but the big changes he has in mind will make job cuts unavoidable. According to a report by telecoms industry news site Light Reading, Marcelo Claure, Sprint's newly minted chief exec, told employees at a …
Neil McAllister, 15 Aug 2014

MoJ IT workers 'n' pals extend strike action over privatisation

Unionised civil servants at the MoJ have extended strike action over plans to outsource back office functions to a French integrator amid fears of wide-scale job cuts. As revealed first by us last month, members of the Public and Commercial Services (PCS) union voted in favour of industrial level protests over the MoJ's decision …
Paul Kunert, 29 Jul 2014

Dixons tells HQ workers: Yes, that IS a creaky trapdoor you hear. You're at risk of redundo

Dixons has unlocked but not yet opened a trapdoor underneath at least 100 bods at its Hemel Hempstead HQ. The retail biz today kicked off a 45-day redundancy consultation with headquarters staff. This comes ahead of a £3.7bn merger with Carphone Warehouse (CPW), first mooted in February, but Dixons insisted the head office …
Paul Kunert, 12 May 2014
The Register breaking news

BlackBerry rival Visto pushes job cuts

Visto, the Silicon Valley push email developer, told London staff on Thursday that about one third are for the chop, because financial backers are demanding a profit this year. The London round of cuts is described by sources as "large scale", affecting senior IT staff, development, product services and pre-sales workers. A …
Sony Walkman

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
The Register breaking news

Motorola spends $216m on money-saving job cuts

Motorola has informed the Securities & Exchange Commission that it will be spending an additional $110m laying off staff in the first quarter of 2009, bringing the total to $216m. The filing explains that since the last filing, at the end of January, the company has approved 2,800 "workforce reductions". These will cost it $110m …
Bill Ray, 07 Apr 2009
globalisation

Recession prompts job cuts at PC World call centres

Capita will cut up to 42 jobs at call centres it runs for PC World owner DSGi in Sheffield and Nottingham because of falling call numbers. The outsourcing giant informed staff of the redundancy programme, which will hit mainly team leaders, on Monday. Those affected today enter a 30 day statutory consultation period. Some may be …
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Nokia's ENORMO factory in India axed after Microsoft-shaped hole appears in order book

Finland's Nokia says it is shutting down its massive mobile phone factory in Chennai, India, now that Microsoft has terminated its manufacturing contract with the firm. The Chennai facility has had a troubled history, owing to a protracted tax dispute with the Indian government that led authorities to freeze its assets. Nokia's …
Neil McAllister, 07 Oct 2014
BlackBerry Passport

Who's that sniffing around BlackBerry? Oh, is it YOU again, Lenovo?

Lenovo may be close to a deal to acquire Canadian smartphone maker BlackBerry – for real, this time – according to multiple reports. Citing anonymous sources, Canadian broadcaster CBC claimed on Monday that the Chinese equipment maker is planning to offer to snap up ailing BlackBerry at around $15 per share. The Toronto Sun and …
Neil McAllister, 21 Oct 2014

BlackBerry's Passport will be the WEIRDEST mobe of 2014

BlackBerry teased one the year's most whacky smartphone designs at its shareholder AGM yesterday, but it still isn't ready to disclose any more details. The firm then posted - and deleted - a statement about the BlackBerry Passport. BlackBerry's Passport is striking for a couple of reasons. It has a physical QWERTY keyboard that …
Andrew Orlowski, 25 Jun 2014

Microsoft's Black Thursday: XBox Live goes down as XBox Studio canned

Microsoft's Xbox Live gaming service fell offline this afternoon, San Francisco time, and remained down for at least a couple of hours. The US giant reported that access to its Xbox Live Core Services and TV, Music and Video services were "limited". "We understand that some of our members are running into issues when attempting …
Jack Clark, 17 Jul 2014
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HP confirms job cuts will hit research labs

HP has confirmed that yesterday's announcement of UK job cuts will not just hit its manufacturing plant in Scotland, but also HP's research laboratories in Bristol. The firm will not detail exactly what is happening, but emails from Register readers suggest as many as half its Bristol research staff could be laid off. A Reg …
John Oates, 29 May 2009

CSC: Brits, say hi to your new UK boss – say bye to 750 coworkers

On the day stumbling US giant CSC named the latest person to sit in its UK hot seat, it also told 750 of its workers in Blighty they are at risk of redundancy, The Channel can reveal. The mega-integrator, which presided over a good chunk of the bungled £10.1bn NHS National Programme for IT, confirmed former Cognizant senior veep …
Paul Kunert, 29 Apr 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
Poster for Portsmouth Historic Dockyard

Waterfront flats plan for IBM's UK HQ as housing market goes bananas

Office space leased by IBM at its UK headquarters could become waterfront apartments – if a planning application submitted to Portsmouth City Council is approved. The North Harbour Unit Trust, which filed the paperwork, wants a ”partial change of use to 108 residential units" at Big Blue's base in the Lakeside development on …
Simon Sharwood, 21 May 2014
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'Careful management of headcount' for Juniper after tepid quarter

Juniper Networks has reported a difficult third quarter that left CEO Shaygan Kheradpir “disappointed” by “lower-than-anticipated demand from service providers, particularly in the U.S.” Revenue was $1,126 million, down eight per cent from 2014's second quarter and five per cent compared to the same Q3 in 2013. Non-GAAP net …
Simon Sharwood, 24 Oct 2014
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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 …
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Dell stays mum on job cuts

Dell is poised for its biggest job-slashing program for four years, according to reports. A Register reader got in touch to tell us he had heard that 180 jobs will go in the UK and Ireland but staff were still in the dark. Dell UK is unwilling to talk about job cuts blaming the "quiet period" before the desktop giant posts …
John Oates, 01 Nov 2005
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Virgin contractors grip up for more cuts

Virgin Media contractors earning more than £300 a day have been told to accept a 15 per cent cut in rates or leave the company. Virgin lopped ten per cent off day rates last year - when such a policy was widespread and usually spun as a way to avoid job cuts. But with the first signs of economic improvement many contractors felt …
John Oates, 12 Mar 2010

AMD-AMMIT! Hundreds face axe at chip maker as PC, graphics crash

Following a grim earnings report on Thursday, AMD has announced a restructuring plan that includes axing seven per cent of its workforce by the end of the year. The plan will see AMD issuing layoff notices to about 710 employees worldwide, and is expected to cost the chipmaker $57m in severance payments. "While decisions that …
Neil McAllister, 17 Oct 2014
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CSC set for ANOTHER re-org but no redundancies involved

Re-arranging the UK deck chairs on good ship CSC is the strategy the integrator has chosen after shelving plans to make further redundancies, according to numerous sources. The US-owned business does not generally shy away from making redundancies, axing 750 people from its Brit operation in late April and parting company with …
Paul Kunert, 10 Nov 2014
True humility - the Curate's egg

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 number …
Chris Mellor, 23 Apr 2015