Layoffs

IBM Begins Layoffs in the U.S.

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IBM Thinkpad
IBM began a new round of domestic layoffs on Thursday, with its $1 billion “workforce rebalancing” effort expected to slash as many as 13,000 jobs worldwide. Cuts are expected to come in New York, Minnesota, Iowa, Missouri, Oklahoma, North Carolina and Vermont. The union Alliance@IBM also reports 3,300 layoffs abroad, including in Brazil, Argentina, France, and Italy. A source told CNET that the cuts include 25 percent of its hardware division — the Systems and Technology group. Big Blue is… continue…

Juniper Eyes Layoffs as Part of Restructuring

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Juniper Networks
Juniper Networks is planning to cut $160 million from its operating expenses this year, a move that’s likely to lead to significant layoffs. That was the case back in 2012, when Juniper wanted to slice $150 million from its operating expenses and ultimately cut 5 percent of its workforce, or approximately 500 people. When the company exited 2012, it had 9,234 full-time employees, according to a filing with the Securities and Exchange Commission. The Sunnyvale, Calif., router and switching company… continue…

IBM Strikes Deal With NY to Retain 3,100 Jobs

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IBM Logo
IBM and the State of New York Monday cut a deal that would spare 3,100 workers in the Hudson Valley and surrounding areas through the end of 2016, even as the company takes a $1 billion restructuring charge in the first quarter. But employees, posting comments to the IBM union site Alliance@IBM, wonder what will happen with the remaining workforce in the area, which numbers approximately 7,000. Big Blue’s workers have been buffeted by a number of layoffs throughout the… continue…

Bioshock Creator to Close, Some Employees to Join Take-Two

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BioShock Cover
Bioshock creator Irrational Games is winding down as co-founder Ken Levine starts a new venture at publisher Take-Two Interactive. The Quincy, Mass.-based company, which had 200 employees less than two years ago, will be sliced down to 15, Joystiq reports without specifying the number to be cut. Going forward, plans are “to make narrative-driven games for the core gamer that are highly replayable. To foster the most direct relationship with our fans possible, we will focus exclusively on content delivered… continue…

Digital Risk to Cut Up to 745 Fla. Workers

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Digital Risk Logo
Digital Risk, a Florida-based mortgage risk-analysis software maker, is planning to cut up to 745 full-time positions in the state on April 12, according to the Jacksonville Business Journal. The company cited a sharp decline in refinancing loans as the need to restructure its workforce. Digital Risk isn’t the only financial company cutting back on its staff lately. Bank of America is letting go a number of its technology and operations workers. In the case of Digital Risk, the company… continue…

Layoffs Hit Bank of America’s Tech Unit

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Bank of America Logo
Bank of America is laying off a number of its technology and operations workers, many of them in Charlotte, N.C. The company didn’t disclose the number of positions affected, but this is the second round of layoffs to hit the unit in the last two months, according to the Charlotte Observer. The division, of about 100,000 employees, makes up about a third of B of A’s staff throughout the country. “Bank of America remains one of the nation’s leading employers,… continue…

With More IBM Layoffs Due, Vermont Seeks Better Notice

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Layoffs
While IBM employees brace themselves for yet another round of layoffs, Vermont Labor Commissioner Annie Noonan is calling for better notice and more authority over such “workplace actions.” Big Blue has been downsizing its workforce in North America for years, though it usually doesn’t announce specific numbers and couches it in terms of its expected cost savings. IBM’s union, Alliance@IBM, is expecting roughly 15,000 workers to be cut at Big Blue’s manufacturing plants in Vermont and New York around Feb.… continue…

Sony Selling PC Unit and Cutting 5,000 Workers

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Sony Vaio
Sony is selling its PC business to Tokyo-based investment fund Japan Industrial Partners (JIP) and plans to lay off 5,000 workers by the end of fiscal year 2014, marking the latest PC maker to rethink its strategy after 2013 returned the worst-ever sales for the PC market. Sony is saying goodbye to its Vaio line, which could largely disappear in markets outside Japan, according to PC World. The Japanese electronics maker plans to focus on smartphones and tablets instead. The… continue…

Disney Interactive to Cut Workforce

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Disney Logo
The gaming industry has seen its ups and downs, and Disney Interactive has experienced more downs of late. The Walt Disney Co. is apparently plotting another round of layoffs at its video game and digital media division, according to a source who spoke to the Los Angeles Times. The layoffs are expected to affect several hundred people, notes The Wall Street Journal, and would follow other recent cuts in the division. Early last year, for example, Disney Interactive laid off… continue…

Dell Confirms Layoffs; Says Less than 15,000

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Responding to earlier reports that it was looking to cut 15,000 workers from its payroll, struggling Dell says the figure is way off the mark and that a “very small percentage” of its workers are taking a voluntary buyout, according to The Register. Still, the privately held Texas-based company declined to say just how many “very small” amounts to. At the end of its fiscal year in February 2013, Dell had 111,300 employees. In a statement, the company said, “It… continue…