layoffs

It seems like Electronic Arts is still reeling from its recent leadership shakeup. The gaming company today confirmed that it is laying off an undisclosed number of employees.

"EA is sharpening its focus to provide games for new platforms and mobile. In some cases, this involves reducing team sizes as we evolve into a more efficient organization. These are difficult decisions to let go of good people who have made important contributions to EA, and whenever possible we retrain or relocate employees to new roles," a company spokesperson told CNET. "Streamlining our operations will help ensure EA … Read more

Google is cutting back at Motorola Mobility again, with plans to layoff 1,200 employees, about 10 percent of the division's work force.

Employees were notified of the cuts this week via an e-mail that said "while we're very optimistic about the new products in our pipeline, we still face challenges," according to the Wall Street Journal, which first reported the cuts.

Focusing on costs, the e-mail added "we're operating in markets where we're not competitive and we're losing money." The cuts are expected to workers in the U.S., China … Read more

Thanks to T-Mobile USA's expected closure of its merger with MetroPCS, the newly combined company is going to find itself with more employees than it knows what to do with.

Actually, it seems the No. 4 U.S. wireless carrier already has a pretty good idea what it will do with some of them, and it involves pink slips. T-Mobile is expected to begin layoffs at its Bellevue, Wash., headquarters as early as tomorrow that could result in the elimination of more than 100 jobs in marketing and other departments, according to The Seattle Times, which first reported on … Read more

Logitech is looking to make some major changes, and part of that plan is a reduction to its workforce.

The company announced today that it will lay off 5 percent of its worldwide workforce, or about 140 employees, and take a charge related to that of $12 million to $14 million.

Logitech has been going through an exceedingly tough time. The company posted an operating loss of $180 million during its fiscal third quarter (calendar fourth quarter) on sales of $615 million. The company's sales were down 14 percent compared with the same period last year.

That trouble prompted … Read more

Hewlett-Packard CEO Meg Whitman may have stated the obvious when she said today that HP is transferring its attention to tablets.

"We're shifting resources from PCs to tablets," she said during the Morgan Stanley Technology, Media & Telecom Conference.

"The market moved very fast to tablets and smartphones, and we've got to now manage that transition."

She continued. "And it's not that HP didn't try to manage that transition -- they did with the acquisition of Palm. But as you know under the previous [management] that took a little detour to … Read more

Sony announced today that it is selling its U.S. headquarters building located on Madison Avenue in New York City to a real estate consortium headed by The Chetrit Group. The sale price for the 37-story building is $1.1 billion.

"Given the opportunities and challenges in the current economic and real estate landscape, selling 550 Madison now is a timely and logical strategic move," Sony Corporation of America President Nicole Seligman said in the statement, according to Bloomberg.

The sale of Sony's assets is a longtime coming. The company has struggled over the past few years … Read more

Nokia today announced that it was cutting over 1,100 IT jobs from its workforce.

The company says that it will lay off 300 employees currently working in an IT function. Nokia will also transfer up to 820 employees to IT services firms, HCL Technologies and Tata Consultancy Services.

Nokia announced in June that it would make broad cuts -- about 10,000 layoffs -- across its business to save money and make its operation more agile. According to the company, the IT cuts will be the last part of that plan.

Nokia will offer employees affected by the layoffs &… Read more

StumbleUpon has cut 35 jobs, or more than 30 percent of its workforce, in order to reach profitability, the company confirmed Wednesday.

"We are restructuring and reducing our workforce from 110 to 75, effective immediately," a StumbleUpon spokesperson told CNET. "As a result of these changes, the company will be profitable and will operate more quickly and efficiently."

StumbleUpon, which first launched in 2002, offers Web and mobile users a way to browse the Internet by interest. The company has gone through several iterations and leadership changes over the years. In late 2011, StumbleUpon pushed forward … Read more

Rumor has it that LivingSocial is planning to lay off up to 400 employees tomorrow, according to the Washington Business Journal.

Sources aware of the daily deals company's plans told the Journal that the layoffs will be in U.S. offices and will include various positions and markets. Currently, the company has around 4,500 employees, according to its website, so the layoffs would decrease its staff by nearly 10 percent.

LivingSocial has tried to branch into other markets this past year to make up for its financial woes, which equaled a net loss of $566 million in the … Read more