Articles about restructuring

AMD to axe a few more staff as it struggles to get back to black

AMD has unveiled a belt-tightening plan that the struggling chipmaker hopes will get its finances back on track to profitability. We were told to expect changes after AMD's latest dispiriting earnings report in July, although no specifics were offered at the time. You needn't have been a fortune teller to predict that heads …
Toshiba MQ03ABB300

Is Toshiba mulling asset sales? HDD, TV businesses in the frame

Comment Toshiba is in trouble and could be about to exit the PC and disk drive businesses. The company is still suffering badly from a massive accounting scam, which overstated profits for seven years, and it has just reported a lousy quarter with losses of $91m. Masashi Muromachi became Toshiba’s new president (chief executive) in …
Chris Mellor, 14 Sep 2015

Dear diary. Gotta axe 15% of staff, it's like I'm cracking up – Qualcomm

Mobile chipmaker Qualcomm says it's putting its business under the microscope with an eye to restructuring after posting lackluster third-quarter results, including revenue that missed estimates. "We are making fundamental changes to position Qualcomm for improved execution, financial and operating performance," Qualcomm CEO …
Neil McAllister, 22 Jul 2015
Microsoft CEO Satya Nadella

More Microsoft staffers shown the door in Round 3 of job cuts

Microsoft sent another 3,000 staffers packing on Wednesday, after the third round of layoffs in CEO Satya Nadella's multi-phase restructuring program. The Seattle Times reports that 638 employees in and around Microsoft's Puget Sound headquarters lost their jobs, with the remainder coming from various sites around the globe. …
Neil McAllister, 29 Oct 2014
Ciscoblood

Cisco prepares to take $700m hit to make 6,000 layoffs

Cisco has said that it will be hit with $700m in charges in fiscal 2015 in the restructuring plan that will see the firm axe 6,000 employees. The company said in a regulatory filing that it expects to recognise around $250m to $350m of these charges in the first quarter of the next financial year and the rest throughout the …
sea_hp_sink

HP's Whitman: 'I will turn this company around – by 2016'

During a meeting with financial analysts on Wednesday, HP CEO Meg Whitman said her plan to turn around the ailing company was on track, but the restructuring won't be complete until 2016 and investors should expect HP's earnings to shrink even further before the work is done. In August, HP reported a loss of $8.9bn, with …

Will Elpida be gobbled by a rival or get a multi-billion cash jab?

A court in Tokyo has once again postponed the decision on whether to allow US firm Micron to slurp bankrupt DRAMmurai warrior Elpida Memory. Micron agreed to rescue the firm back in July, offering $2.5bn (¥200bn, £1.6bn) to take it over. But bondholders claim that the offer is totally unfair and doesn't value Elpida highly …
The Register breaking news

Suffering Sharp gets a whopping bailout from the banks

Struggling electronics firm Sharp has announced that it signed a ¥360bn (£2.9bn, $4.6bn) bailout deal with banks including Mizuho Corporate Bank and The Bank of Tokyo-Mitsubishi. The Japanese firm said that it had signed a loan deal with the banks for ¥180bn upfront and a loan facility of an equal amount to take care of its …
Sharp Aquos LC-60LE636E

 big screen television

Sharp to slice 11,000 job in bid to slash losses

Struggling Japanese electronics giant Sharp is set to cut nearly 11,000 jobs, double that originally feared, as well as offload some overseas factories and reduce wages in a desperate bid to haul itself out of the red by next April. Japanese news wire Kyodo claims to have seen the Osaka-based consumer electronics firm’s …
Phil Muncaster, 26 Sep 2012
The Register breaking news

Sweating Sharp cops a boost as Intel sniffs around

Struggling electronics firm Sharp got a welcome boost today from rumours that Intel was looking to invest over ¥30bn for a large stake in its business. The Japanese company's shares rose nearly five per cent in Tokyo trading to ¥212 after The Mainichi newspaper reported that it was in talks with chip giant Intel. According to …
The Register breaking news

Hard-up Kodak selling consumer film biz

Hard-up Kodak is selling its consumer film, scanner and photo kiosk businesses as part of a restructuring. Chief executive Antonio Perez announced the news on Thursday, saying Kodak was shedding its personalised imaging and document imaging units as part of restructuring to help the company exit US Chapter 11 bankruptcy …
Gavin Clarke, 24 Aug 2012
The Register breaking news

Rare! Yahoo! revenue! growth! spotted! in! Q1!

Yahoo! has reported a slight uptick in revenue and income in the first quarter of this year - the first time it's had any sales growth in the last three years. Revenue lifted from $1.214bn (£759m) in the first quarter of 2011 to $1.221bn (£766m) in the same period this year, while net income grew from $225m (£140m) to $287m (£ …
The Register breaking news

Yahoo! axes! 2,000! workers!

Yahoo has said that it is laying off about 2,000 employees as it struggles to regain its web crown. The firm said those at risk would be told of their "job elimination or phased transition" as part of its restructuring, which will save the company $375m every year. "Today's actions are an important next step toward a bold, …
fingers pointing at man

Cisco lays off 6,500 workers, execs

Networking giant Cisco Systems is going to get 11,500 employees smaller. After Wall Street closed today, Cisco said that it was going to cut 6,500 workers to get its costs more in line with its revenue streams, and added that it was selling off a set-top box manufacturing plant in Mexico with 5,000 employees to Chinese …
The Register breaking news

RealNetworks unhooks 130 employees in jobs cull

RealNetworks confirmed yesterday that it is to reduce its workforce by 10 per cent by axeing 130 jobs at the internet media company. Despite the lay-offs, the firm's CEO Bob Kimball said it would continue to hire people in what he described as "growth areas" for RealNetworks. Job cuts will hit engineering, sales, marketing …
Kelly Fiveash, 9 Feb 2011
channel

Ex-server maker Verari auctions what's left of self

If you always wanted to own your own server company and compete against the tier one players who will want to crush you like a mosquito feasting on a tiny drop of their blood, here's your chance. Ex-server maker Verari Systems, which had a layoff and restructuring on December 11 is selling off its assets in an auction. If you …
The Register breaking news

Nokia Siemens Networks to slash almost 6,000 jobs

Nokia Siemens Networks is planning to shave €500m off annual running costs over the next 26 months, with cuts that could include six thousand jobs. The plan is to cut €500m from annual expenses by the end of 2011, and includes a new company structure as well as greater emphasis on 'partnerships' and savings from purchasing. …
Bill Ray, 3 Nov 2009
The Register breaking news

Nortel CEO says g'bye as revenues rise

Last week, Nortel president and CEO Mike Zafirovski said he would leave the embattled Canadian telecom equipment maker, and today, he made good on his promise, just as Nortel announced second-quarter financial results that were - although still feeble - better than expected. As The Reg reported earlier today, Zafirovski told …
Rik Myslewski, 10 Aug 2009

Create a news alert about restructuring, or find more stories about restructuring.

Biting the hand that feeds IT © 1998–2018