Employees of the South Korean handset maker have agreed to return 20 percent of their salary from December to March to help Pantech stay afloat amid rising debt and growing concerns over securing a buyer for the company.
Job cuts will hit nearly all divisions later this week in the second wave of the company's larger plan to cut 18,000 employees, sources tell ZDNet.
At least one stage of the company's turnaround process is complete, according to an internal memo obtained by Reuters.
Hundreds of Nokia employees in China reportedly rally against the software giant's "hostile takeover and violent layoffs."
Ashley and Rich discuss why Microsoft should (or shouldn't) shutter their original content productions, and ask you what flavor/shape combo you would choose if you could order 3D-printed ice cream.
On today's show, Ashley and Rich discuss Microsoft's new strategy, the ice cream 3D printer, and a guy building an Alien costume with unusual materials. Also, Timberman, a beautifully animated Futurama intro, and your thoughts on United Weapons Master combat.
Announcement of layoffs ranging between 5 percent and 10 percent expected this month when the company reports its fiscal quarter.
The e-commerce design site plans to cut 80 to 90 employees from its New York operations this week.
Online auction giant could shed 10 percent of its workforce as it readies separation from its payments unit.
In a push to cut costs, become more efficient, and tread into the mobile market, the beleaguered game maker reveals some big changes with its earnings report.