Articles about layoffs

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
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

Union calls for fresh wave of strikes action against UK Fujitsu cuts

Unite has called for a fresh wave of strikes in its long-running dispute against 1,800 job cuts at IT giant Fujitsu. Industrial action was called off earlier this year while a resolution was sought under the supervision of arbitration service Acas. However those discussions fell through. The latest five days of strike action …
Kat Hall, 5 May 2017

Best be Nimble, best be quick. You're out of a job at HPE – and that's sh*t

We are hearing that Nimble staff, no longer needed by Hewlett Packard Enterprise following its acquisition of the storage biz, are being laid off – up to a hundred of them. HPE bought Nimble for $1.2bn in March, and a fairly obvious way of making synergies in the acquisition playbook is to absorb Nimble's engineering …
Chris Mellor, 3 May 2017
WD_Green_to_Blue

Western Digital relocates HQ, sheds jobs

Western Digital Corp is moving its HQ from Irvine, Orange County in southern California to San Jose in the north of the state, with job losses in both areas. The Orange County Register (no relation), said that according to the Orange Council Business Council, there were 1,400 WD employees in Irvine and another 200 in Santa Ana …
Chris Mellor, 26 Apr 2017

Union elevates Fujitsu job cutting protest to Japanese embassy

Unite the Union wants Japan's ambassador to the UK to intervene in the long-running dispute with Fujitsu over the company's proposals to axe almost two thousand employees locally. The brothers at the union will tomorrow deliver a letter to Mr Koji Tsuruoka at the London-based embassy. The letter will criticise the "shameful …
Paul Kunert, 20 Apr 2017

Canonical sharpens post-Unity axe for 80-plus Ubuntu spinners

Exclusive More than 80 workers at Ubuntu-maker Canonical are facing the chop as founder Mark Shuttleworth takes back the role of chief executive officer. The number, revealed today by The Reg, comes as Shuttleworth takes the top role from CEO-of-eight-years Jane Silber, who was previously chief operating officer. Silber, now no longer …

As you stare at the dead British Airways website, remember the hundreds of tech staff it laid off

Updated The ba.com and britishairways.com websites and online check-in system for British Airways have been down for the past seven hours or so. The UK's major airline says it has people "at work" fixing the cockup, but as of 1800 GMT no resolution is in sight and BA has not provided an explanation beyond "technical issues." A trip to …
Shaun Nichols, 11 Apr 2017

Stop us if you've heard this one before: IBM sheds more workers – this time, tech sales

IBM is once again laying off folks – this time swinging its axing mostly through sales teams in the US. This latest round of headcount slashing – coldly categorized internally as a "resource action" – started on Thursday, according to multiple sources. This reduction is taking place throughout North America, with some offices …
Shaun Nichols, 31 Mar 2017
Boss leans back comfortably in desk. Pic via Shutterstock

Lloyds Banking Group axing hundreds of jobs AGAIN

Lloyds Banking Group is throwing more UK techies overboard ahead of the big outsourcing deal with a “single strategic partner” that El Reg previously revealed was IBM. In a letter to the workforce, LBG group CIO Morteza Mahjour said there were changes across five areas of the function that reported to him, including the Chief …
Paul Kunert, 24 Mar 2017

I've Been Moved: IBMers in same division slapped with 2nd redundo scheme in 2 months

IBM UK appears to have fired the starting gun on a 2.0 redundancy programme for the Infrastructure Services Delivery division – before the first one has even concluded. Employees were given around an hour’s notice yesterday to join a mandatory call hosted by Deathly Debbie Hallows, veep of ISD for the UK and Ireland in which …
Paul Kunert, 24 Mar 2017

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