Restructuring
1042 Stories
Nortel mulls over restructuring plan
News Currently under bankruptcy protection, the networking vendor is working on reorganization strategy. For now, it's "business as usual", says company's Asian execs.
Tags: LANs and WANs, Business models, Business plans, Nortel Networks Corp., IBM Corp., Philippines, Business Process Outsourcing Industry, Europe, BPO, Chapter 11 bankruptcy protection
Asian cellular subscriber growth drops 21 percent
News Asia-Pacific mobile subscriber growth plunged in the fourth quarter, with Indonesia, Pakistan, Bangladesh, and the Philippines hit particularly hard.
Tags: Network infrastructure, Mobile/Wireless, Mobile Broadband, Mobile, EMEA, Telecommunications, Philippines, Indonesia, Pakistan, Bangladesh
Autodesk to cut 750 jobs, lowers earnings outlook
News Software maker plans to erase about 10 percent of its workforce. The move comes as it lowers its earnings outlook, and its executive chairwoman leaves to become Yahoo's CEO.
Tags: Layoffs, Recruiting, Sales/revenue, Autodesk Inc., Earnings Outlook, Workforce, Yahoo! Inc., non-GAAP, chairwoman, layoff
Adobe to cut 9 percent of workforce
News Elimination of 680 full-time jobs comes as the software maker tries to align costs in the face of lagging sales. They follow a 9 percent reduction within the Omniture unit
Tags: Business development/management, Business structures, Adobe Systems Inc., Omniture Inc., Web analytics company, restructuring, software, job, Workforce, Sales
Sun to lay off another 3,000 employees
News In preparation for its takeover by Oracle, server maker says it expects to cut about 10 percent of its global workforce over next 12 months.
Tags: Business Strategies & Functions, IBM Corp., restructuring, European Commission, restructuring charge, job, Business Strategies & Functions, Larry Ellison, Workforce, Sun Microsystems Inc.
Unisys made Aussie MD redundant
News Company releases its Australian and New Zealand managing director only months after hiring him.
Tags: Outsourcing, Web services, Nortel Networks Corp., SAP AG, Spokesperson, Australia, Europe, Middle East, Africa, Unisys Corp.
Lenovo earnings dinged by weak enterprise demand
News PC maker has been restructuring to cut costs but remains a tale of two companies--it leads in China even as it struggles in mature markets.
Tags: Desktops, Notebooks and tablets, Europe, Sales, Latin America, Earnings, Lenovo Group Ltd., 3G, Emerging Market, CEO
Sun confirms 1,300 layoffs
News Company sheds 1,300 people from the main US workforce with a target of a total of 6,000 jobs set to be lost.
Tags: Layoffs, Workforce, organizational change, Sun Microsystems Inc., layoff, job loss, Worker, Scotland, job, Layoffs
AMD faces US$50M bill for restructuring
News Cost-cutting measures mean the chipmaker, which has lost ground to Intel, will have a multimillion-dollar outlay in the first three months of this year.
Tags: Processors, Financial, Intel Corp., Advanced Micro Devices Inc., iSuppli Corp., Chip Company, employee benefit, microprocessor, restructuring plan, asset
Seagate lays off 1,100 employees
News Hard-drive maker lays off 1,100 employees, or 2.5 percent of its global workforce in an effort to save US$120 million annually.
Tags: Layoffs, Western Digital Corp., Seagate Technology LLC, layoff, organizational structure, product development, cost reduction, Pittsburgh, Layoffs, termination
HP quarterly profit dips 19 percent
News Sales at the computer maker were down for the third quarter in every category, except the services division.
Tags: Desktops, Notebooks and tablets, Hewlett-Packard Co., Quarter, Europe, Sales, earnings per share, printing, Mark Hurd, quarterly profit
Logitech to slash 15 percent of workforce
News Manufacturer of PC peripherals, based in Switzerland, says the retail environment has "deteriorated significantly" and will "worsen in the upcoming months".
Tags: Keyboards and mice, Human resources, Logitech, Asia, Workforce, Sales, Environment, Switzerland, Consumer Electronics Show, North America
EMC to cut 2,400 from workforce
News Storage giant EMC announces a 7 percent global workforce reduction, despite preliminary record fourth-quarter revenues.
Tags: Layoffs, Budgeting/cost control, Storage, Virtualization, Workforce, EMC Corp., Back-office, net income, CEO, job
OLPC slashes workforce in half, cuts salaries
News Founder of the project tasked with giving laptops to children in developing nations, blames tough economic times for restructuring.
Tags: Notebooks and tablets, Best strategies, Budgeting/cost control, Funding, Workforce, One Laptop Per Child Project, operating system, Salary, developing country, Microsoft Windows XP
Ericsson to cut 5,000 jobs
News With quarterly profits down 31 percent year over year, the wireless equipment maker is reducing its workforce by about 6 percent.
Tags: Layoffs, Sales/revenue, Revenue recognition, Sony Ericsson Mobile Communications, Swedish company, wireless equipment maker, Sales, quarterly revenue, net profit, job
