The company is thinning out its middle-management ranks in an attempt to cut costs, according to unnamed sources in a GigaOm report.
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.
As PC shipments plummet for the seventh consecutive quarter, it's said that Dell is having to tighten its belt.
While going through an organizational restructure, the gaming company says it had to make "difficult decisions to reduce the workforce in some locations."
The smartphone division and patent trove plans to lay off 1,200 employees, about 10 percent of its work force.
The ailing smartphone maker is eyeing additional layoffs beyond the 5,000 announced during its previous fiscal year, says The Wall Street Journal.
Today, Yahoo announced another round of layoffs, the sixth in the last four years. CNET's Kara Tsuboi reports on how the Silicon Valley goliath has lost its path.
The goal: cut spending and then invest in businesses that can generate revenue growth. The problem? Yahoo still needs a growth plan.
The online private equity market lays off approximately 10 percent of its staff relating to Facebook's upcoming IPO.
The company plans to axe the jobs by the end of March as it tries to emerge from under one-fifth of its divisions losing money, according to Reuters interview with its finance boss.