Articles about layoffs

Steve_Luczo

Luczo's so-so luck: Seagate switches CEOs, sales fall, 600 jobs cut

Seagate revenues fell 9.1 per cent in the three months to June 30, aka the fourth quarter of its fiscal 2017 year. It has also changed its CEO, and announced a headcount cut for good measure. With the revenue dip and a miss on earnings – $0.65 per share vs the hoped-for $0.98 – the share price tumbled, at time of writing, by …
Chris Mellor, 25 Jul 2017

Dump X of your crew, DXC Technologies UK told. Hundreds face axe AGAIN

Exclusive Less than four months after DXC Technologies was created and the Frankenfirm is already embarking on a second round of jobs cuts, with hundreds of frontline support techies earmarked for the chop. The company - an unholy alliance between CSC and Hewlett Packard Enterprise Services - is planning to chop $1bn in costs globally …
Paul Kunert, 21 Jul 2017
A large hand flicks an icon of a little red man. Image via shutterstock (Lasse Kristensen)

190 Cray employees hosed down with shower of pink slippery

Supercomputer supplier Cray is giving 190 employees the elbow in a restructuring exercise to cut operating costs. The laid-off folks, some 15 per cent of Cray's 1,312 headcount at the end of last year, will come from all parts of Cray and in all its geographies, some being executives, and the majority let go by July 21. A …
Chris Mellor, 19 Jul 2017

Funnily enough, charging ££££s for trashy bling-phones wasn't a great idea

Vertu, the British smartphone maker known for its obscenely expensive blinged-out handsets, will shut down over an apparent lack of interest in obscenely expensive blinged-out handsets. The bust biz, which did not return a request for comment, was wound up this week in London's High Court. It will liquidate assets and put …
Shaun Nichols, 14 Jul 2017
A hand squeezing juice from an orange

Juicero does to its staff what your hands can do to its overpriced juice sacks

Internet-tethered juicer maker Juicero is axing 25 per cent of its staff as the startup tries to shake off its status as a Silicon Valley punchline. Employees were told this morning that the San Francisco startup would not only shed staff, but also try to cut the price of its internet-connected juice-extractor in order to go …
Shaun Nichols, 14 Jul 2017
layoffs

Microsoft hits Alt-F4 on 3,000 global sales staff

Microsoft today announced it is dumping 3,000 workers. Rumors of the layoffs have been swirling all week. On Thursday, the Windows giant confirmed that it is trimming its ranks. It's understood that the vast majority of the job losses will be in sales, and staff outside the US will be hardest hit. "Microsoft is implementing …
Iain Thomson, 6 Jul 2017

Intel axes 140 IoTers in California, Ireland

Intel is shedding nearly 140 staff from its Internet of Things business lines. The layoffs were probably inevitable, since during June, Intel discontinued three of its IoT product lines – the Joule, Edison and Galileo compute modules and boards. Those three boards were once the flagships for Chipzilla's pitch to the wearable …
Upset man at desk shouts into phone. Pic: Shutterstock

Virgin Media cuts 250 jobs amid £3bn Project Lightning cockup fallout

UK cable giant Virgin Media is closing 30 shops and cutting 250 jobs – including a number of head office people – as a result of botching its £3bn Project Lightning superfast broadband plan. Numerous sources got in touch with El Reg to tell us that 28 posts are being cut in Virgin’s Hammersmith HQ in London, along with the …
Gareth Corfield, 30 Jun 2017
Macrame art kit

Etsy issues pink slips for almost quarter of staff in quest for profit

Arts and crafts market Etsy announced today that it is cutting more workers in an effort to get its finances back on track. The eBay for handicrafts says it will now be laying off about 22 per cent of its staff, or around 230 people, in what it is trying to present as an effort to "sharpen focus" on its core business. Etsy …
Shaun Nichols, 21 Jun 2017

Yahoo! shareholders! sign! off! sale! to! Verizon!, which! sharpens! axe!

Yahoo!'s shareholders have formally approved the sale of the company's operating businesses to Verizon. The company says it “anticipates that the Sale Transaction will close on June 13, 2017.” Once that happens, Yahoo! will change its name to Altaba and re-structure itself as an investment company. Altaba's portfolio will …

Cisco cuts 250 jobs in San Jose, has 850 more pink slips to hand out

Cisco pink slips have started landing, with the company notifying the Californian government of 250 farewells. The layoffs are part of a planned 1,100 job losses worldwide, announced after the company's Q3 2017 earnings report. Switchzilla's trying hard to pivot to software rather than hardware, with its once-core routing …
LeEco car

Bloodbath at LeEco US as Chinese tech upstart implodes with layoffs

It has all gone pear-shaped for Chinese conglomerate LeEco after the firm told nearly 70 per cent of its US staff that their services will no longer be required. LeEco had around 500 employees in the US, largely based in Silicon Valley. They hired some big-name engineers from competitors, but on Tuesday management announced …
Iain Thomson, 23 May 2017
G-CFOJ Eurocopter EC155 Helicopter Starspeed Ltd. Pic CC SA 2.0 by James (https://www.flickr.com/photos/95512093@N05/)

IBM CEO Ginni flouts £75 travel crackdown, rides Big Blue chopper

IBM’s glorious leader Ginni Rometty – also known in some corners as the axe woman – this week cocked a snook to the corporate directive on travel restrictions by flying into the Hursley-based R&D centre in a Big Blue chopper. An IBM UK Lab Campus blog, seen by El Reg, revealed that the chairman, president and CEO spent 17 May …
Paul Kunert, 19 May 2017
A skull atop money

Cisco to fire another 1,100 after sixth straight revenue fall

Administrative chaos in America has put a dent in Cisco's financials, and the company has announced its intention to cut another 1,100 jobs. Its third-quarter earnings, announced today, Switchzilla reported a one per cent decline in revenue year-on-year to US$11.9 billion (its sixth consecutive quarter of decline), and …
BT Tower photo via Shutterstock

BT to axe 4,000 jobs across the globe

BT is to axe 4,000 jobs at worldwide, with profits plunging 19 per cent to £2.4bn during a "challenging" 2016/17 financial year for the former state monopoly. The roles will mainly cover managerial and back office areas, with the company expecting to shave off £300m over two years. This comes a day after industry sources were …
Kat Hall, 11 May 2017
Bank vault

RBS is to lay off 92 UK techies and outsource jobs to India – reports

The Royal Bank of Scotland is cutting 92 techies’ jobs in plans to outsource them to India, according to reports. The partially taxpayer-owned bank is slashing a total of 334 jobs, according to trade union Unite, while The Scotsman newspaper breaks that figure down as 154 contractors to be let go by the end of this year, with …
Gareth Corfield, 10 May 2017
Crocodile Dundee, 20th Century Fox.

IBM freezes contractor hires to keep full-time workers fully occupied

Updated More evidence that IBM is cutting costs in multiple ways: the company's Australian tentacle is making it very, very hard to hire contractors. The Register has viewed emails sent among organisations seeking to place contractors with IBM Australia. The thread explains that IBM has not replied to offers of new contractors because …
Simon Sharwood, 10 May 2017

IBM: Remote working is great! ... For everyone except us

IBM, the company that just weeks ago said it was doing away with its work-from-home policy, is now preaching the benefits of telecommuting to customers. Big Blue's Smarter Workforce Group says a recent panel it hosted at the Society for Industrial and Organizational Psychology (SIOP) conference concluded that customers who …
Shaun Nichols, 8 May 2017

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