Articles about job losses

The Register breaking news

Barclays to lay off more tech staff

Barclays IT staff were shocked to receive an emailed warning today that more jobs are likely to be lost at the troubled department. The department lost 700 staff last year in a round of layoffs as part of a planned cut of 1,800 staff by 2011. Then in January Barclays laid off 400 people whose "roles and responsibilities are …
John Oates, 11 May 2009
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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
The Register breaking news

Germans announce: Revenge is inefficient

In development which should strike fear into the hearts of action-movie scriptwriters and BOFHs everywhere, remorselessly efficient German economists have calculated that revenge is inefficient. According to the German national socio-economic database, vengeful people are more likely to be unemployed, have fewer friends and …
Lewis Page, 27 Mar 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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Serco sharpens the IT guillotine

Government services firm Serco is looking to cut up to 500 jobs from its IT division, with satellite offices and its Birmingham HQ all likely to be hit. Serco bought ITNet in 2004 and has contracts with the RAF and several local authorities. A spokesman for the firm confirmed to The Register that restructuring meant jobs …
John Oates, 4 Jul 2008

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