layoffs

Google eyes layoffs in wake of Motorola Mobility buy, report says

As Google prepares to close its acquisition of Motorola Mobility, the company could be considering laying off some Motorola employees, a new report suggests.

According to TechCrunch and its unnamed sources, Google will launch a "listening tour" around Motorola to see what its employees do at the company. Based on that information, Google could decide to lay off some Motorola employees. TechCrunch didn't say how many employees Google might layoff, but did say that the sources believe the decision could come "imminently."

Google announced plans to acquire Motorola Mobility in August for $12.5 billion, … Read more

HP ponders cutting 25K jobs -- but it needs more than layoffs

HP is reportedly pondering a big restructuring that may eliminate 25,000 jobs or so, but analysts say that cuts only go so far.

According to Bloomberg, HP is looking to cut 8 percent of its workforce. Business Insider on Wednesday noted that HP's services unit may be a target.

In any case, HP is likely to restructure and cut jobs. Bloomberg noted that HP could either lay off workers or offer early retirement deals.

The problem?

HP's operating profit per employee trails rivals, according to a Morgan Stanley analysis.

For instance, IBM's operating profit per employee … Read more

T-Mobile to cut 900 jobs in latest restructuring (scoop)

T-Mobile USA will restructure its business and hold another round of layoffs, as it seeks to reduce its operating costs.

The changes were announced in a memo from CEO Philipp Humm leaked to The Verge. T-Mobile told CNET that 900 employees would be cut as a result of the changes.

The cuts come on top of 1,000 jobs the carrier said in March it would shed as part of its ongoing restructuring plan. In the note, Humm said the company would contact employees personally about the cuts and changes in responsibilities.

The changes are expected to make T-Mobile a … Read more

Sony confirms 10,000 layoffs as part of 'One Sony' initiative

Sony announced Thursday it plans to lay off 10,000 employees, about 6 percent of the company's global workforce, in an effort to return the troubled company to profitability.

The cuts, as previously reported, are part of the electronics and entertainment giant's "One Sony" initiative, which focuses on the company's core strengths: digital imaging, gaming, and mobile. Kazuo Hirai, who took over as Sony's chief executive on April 1, said restructuring is expected to cost the company 75 billion yen (about $926 million) in fiscal 2012, according to The Next Web.

To boost the … Read more

Sony expected to slash 10,000 jobs

Sony is expected to cut 10,000 jobs, or about 6 percent of its global workforce, by as early as the end of the year, according to a Nikkei report.

The Japanese business newspaper also reports (subscription required) that seven executives -- including chairman and former CEO Howard Stringer -- may be asked to forfeit their bonuses. The report comes on the heels of the electronics and software giant recording a loss of 260 billion yen ($3.2 billion) for the 2011 fiscal year.

Half the workforce reductions would come from consolidating the company's chemicals and LCD businesses, the … Read more

If Yahoo has any strategy at all, let's hear it

As I read its remarkably vague layoffs announcement this morning, the immediate question for me was this: what in the world is Yahoo still waiting for? If there's a strategy out there -- other than to sue the pants off of Facebook -- inquiring minds would love to know about it.

Scott Thompson, who was appointed CEO in early January, was hailed as the man with the plan to revive a flagging franchise. The jury's still out on that one, but if Thompson's as good as Yahoo's board says he is, then this is a good … Read more

Yahoo to lay off 2,000 workers to 'reshape' company future

As expected, Yahoo today announced that it will lay off a large number of its employees.

The company said this morning that it will begin notifying about 2,000 employees of their "job elimination or phased transition." Yahoo currently employs about 14,000 people around the world, so the layoffs will affect about 14 percent of its workforce.

In its statement, Yahoo said that it can realize approximately $375 million in annualized savings through the terminations. However, it also plans to take an estimated $125 million to $145 million pretax cash charge related to severance.

"Today's … Read more

SecondMarket confirms layoffs

SecondMarket confirmed today that it has executed a round of layoffs in response to the impending Facebook IPO. CNET first broke news of layoffs at the online private equity market yesterday.

Although we previously reported that the layoffs would affect over 20 percent of its staff, SecondMarket now tells us that the number is closer to 10 percent.

While we were unable to obtain a comment yesterday, a SecondMarket representative said this in an official statement:

In a post-Facebook market world, we have decided to eliminate some positions that are no longer core to our company's long-term mission. We … Read more

SecondMarket expected to lay off 20 percent of staff

Update: SecondMarket confirms layoffs and gives specifics in a statement.

The online private equity market SecondMarket will layoff 30 of its 130 employees, a source familiar with the company's plans told CNET. The company has risen to prominence in recent years as a venue for buying and selling stocks for private companies, such as Facebook, Twitter, and Zynga.

With Facebook set to go public this spring, the layoffs could be indicative of a forthcoming drought in private equity. Just yesterday, reports began to surface that Facebook would this week halt secondary-market trading, a move that will weigh heavily on … Read more