Layoffs

Demand for Tech Pros Still High in Seattle

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Seattle needs tech workers. That’s the conclusion reached by King 5, NBC’s Seattle affiliate, which paints a picture of six-figure starting salaries for software engineers, startups fighting over the most proficient tech pros, and job offers sprinkling from the sky like rain. Click here to find tech jobs in Seattle. But is that report accurate? Seattle’s insatiable demand for tech workers is nothing new. In January, startups and well-established tech companies alike reported a desperate need for thousands of tech… continue…

Nadella Popular at Microsoft, Layoffs or Not

Posted In Looking in Tech
Satya Nadella
Satya Nadella remains popular at Microsoft, despite his implementing the layoff of 18,000 employees, according to Business Insider. Although the website cited only a “source close to Microsoft,” it noted that Nadella retains an 87 percent employee approval rating on Glassdoor. Most Microsoft employees understand the reasoning behind the layoffs, BI’s source said: The company isn’t interested in building feature phones, and so it let go the people at Nokia working on them. About 12,500 of the people who lost… continue…

Microsoft Layoffs Show Need to Keep Your Resume Polished

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Microsoft plans on eliminating 18,000 jobs over the next year, the biggest round of layoffs in the company’s almost 40-year history. The majority of those cuts will affect Nokia, which Microsoft finished acquiring in April. The layoffs are the first major move by new CEO Satya Nadella, who is trying to reinvent Microsoft as a cloud- and mobile-centric company focused on cross-platform services and applications. Analysts and pundits long predicted that Nadella would cut jobs as part of his broader… continue…

Does Microsoft CEO Memo Hint at Massive Layoffs?

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Windows 8
Microsoft CEO Satya Nadella released a public memo outlining his company’s future course. Whether this new direction will mean layoffs or massive restructuring is an open question (and, for Microsoft employees, a pressing one); the memo itself is a lengthy mash of buzzwords. “At our core, Microsoft is the productivity and platform company for the mobile-first and cloud-first world,” the July 10 memo states, in one of many sweeping statements about Microsoft’s coming evolution. “We will reinvent productivity to empower… continue…

Pay Attention to Termination Clauses

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Tip of the Day Though it may seem odd, before you start a new job you should think about what happens if you decide to leave. Most employment agreements contain some kind of language governing terminations and an employee’s rights and obligations in the event they depart on their own. Click here to see networking jobs. Some attorneys say that understanding what constitutes grounds for termination may be the most important thing you do. For example, if the agreement says… continue…

SAP’s Cloud Plan Demands Job Cuts

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SAP plans on slashing jobs, according to a new Bloomberg report. The cuts will take place across multiple divisions, said an SAP spokesperson. An unidentified source with “knowledge of the matter” suggested that the cuts “wouldn’t number in the high thousands,” and that executives had no plans to shut down any lines of business. In fact, given how SAP will continue to hire in other areas as part of its overarching strategy, the company expects to end 2014 with a… continue…

Even If Nike’s FuelBand Is Failing, Wearable Tech Isn’t Dead

Nike FuelBand
Over the weekend, CNET reported that Nike planned to lay off employees working on its FuelBand, a “smart bracelet” that tracks the wearer’s physical activity. “As early as this fall, Nike planned on releasing another iteration of the FuelBand—an even slimmer version—but cancelled the project,” the publication reported. “And it appears to have shelved all future physical product projects under the Digital Sport helm, the person familiar with the matter added.” Click here for wearable tech-related jobs. A few days… continue…

How the Push of Activist Investors Pressures Tech Jobs

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Disappointed Investor
Recent layoffs at Juniper Networks — the company is cutting 6 percent of its workforce — is symptomatic of a growing battle between Wall Street financiers and Silicon Valley tech companies. As more hedge funds, private equity firms and activist investors put their money into the technology space, they’re demanding better financial returns, even from healthy companies. And that often puts technology workers at risk. Hedge funds and private equity firms in particular have reputations as short-term thinkers, ready to… continue…

Should You Take the Buyout?

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Money
Many times, companies offer buyouts before they pull the trigger on layoffs, which presents employees with a tough question: Should you take the buyout, get some cash and exit on your own terms, or pass it up and hope you won’t be one of those receiving a pink slip. Unless you’re particularly good at reading tea leaves, it’s hard to know how things will play out. In December, Dell offered buyouts to an undisclosed number of employees under what it… continue…

Disney Interactive Surprises With 700 Layoffs

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Disney Interactive laid off roughly 700 people Thursday, about 26 percent of its global workforce, as it moves to bring itself to profitability. While the Walt Disney unit showed revenue of $403 million and operating income of $55 million in the most recent quarter, it’s lost more than $1.3 billion since 2008. The New York Times says the restructuring is “a humbling acknowledgment that, despite the company’s repeated pronouncements that long-term profitability was on the horizon, the unit remains challenged.”… continue…