Articles about job losses

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Ballmer email kicks off second round of Microsoft layoffs

Steve Ballmer has emailed all Microsoft staff as the second wave of planned redundancies at the software giant begins to bite today. Earlier in the year, Ballmer announced 5,000 job losses as Microsoft works to cut costs in the face of a shrinking world economy. He said the firm would cut jobs by the middle of 2010. Ballmer's …
John Oates, 5 May 2009
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Seagate swings hefty axe at execs

Seagate has given several execs the boot, including consumer products divisional president Brian Dexheimer, whose division's products didn't exactly set the world on fire. According to an SEC filing Dexheimer will leave his post at the end of the financial year, June 30, to effect a smooth transition, following which there …
Chris Mellor, 5 Mar 2009
The Register breaking news

Insolvency levels show upturn in downturn

UK insolvencies have risen sharply in the past quarter as the recession starts to hit small businesses. But the headline figure is distorted by one group that accounted for 729 separate managed services businesses that all went into administration. There were 4,607 compulsory liquidations and creditors' voluntary liquidations …
John Oates, 6 Feb 2009

Falling chip sales cost more jobs

STMicro is laying off 4,500 people - one in ten of its workforce - and won't provide revenue guidance for next year until the market is clearer. The company will cut $700m from expenses in 2009 by slashing jobs and "resizing" manufacturing operations. STMicro makes chips for industrial applications, set-top boxes and cars. …
John Oates, 29 Jan 2009
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America sacks 240,000 in October

The US Department of Labor released its monthly jobs report just before Wall Street opened this morning, and the news is worse than expected. The expectation was that American companies would cut 200,000 jobs in October, but businesses freaked out a little more than expected and chopped 40,000 additional people from the …
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HP and EDS kill nearly 3,500 UK jobs

EDS and Hewlett-Packard will slash its UK workforce by 3,378 jobs over the next two years, according to the Public and Commercial Services union. The union, which has more than 2,000 EDS members, said in a statement this afternoon that the figure was higher than had been feared, and warned that the move would greatly affect …
Kelly Fiveash, 8 Oct 2008

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