Layoffs

Zynga to Cut 15 Percent of Staff

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Struggling games maker Zynga is taking an axe to its workforce again, this time cutting 15 percent of its employees, the company said. Zynga made its announcement as part of its fourth quarter earnings report, which revealed a 31.8 percent drop in annual revenue, to $873 million, along with a narrower loss of $37 million. Zynga plans to cut 314 employees and take other cost-cutting measures, such as lowering the amount it spends on its data center infrastructure. Last year,… continue…

EMC Restructuring Means Job Cuts Here, Hiring There

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Storage giant EMC has announced a restructuring that will involve about 1,000 job cuts, though with simultaneous hiring the company expects to end up with the same headcount as before, or even “slightly more.” EMC had 60,000 employees at the start of the year. The restructuring is “almost a mirror image of what we did last year,” David Goulden, CEO of EMC’s Information Infrastructure business, said during the company’s quarterly earnings call. In May, EMC said it would cut 1,004… continue…

Chipmaker Semtech to Cut 6 Percent of Staff

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Camarillo, Calif.-based chipmaker Semtech Corp. has announced plans to lay off 6 percent of its workforce due to reduced demand for its products. The company expects to save $35 million with the reductions during its 2015 fiscal year. Semtech makes chips used in automated test equipment and power-management devices. Its most recent annual report, from last March, listed global headcount of 1,433 – meaning the cuts would affect about 86 jobs. The company did not say how many jobs would… continue…

Layoffs Cut Crossroads Systems’ Staff in Half

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Two rounds of layoffs have left Austin-based software maker Crossroads Systems with just 48 workers, according to the Austin Business Journal. The company develops software designed to connect and protect data for enterprise storage and cloud computing. Its headcount stood at 99 last March, when it was pinning its turnaround hope on StrongBox, a plug-and-play device designed to manage tape storage systems. The company now employs 22 workers in research and development; 14 in sales, marketing and business development; and… continue…

Bank of America Said to Be Cutting Tech Jobs

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Bank of America has kicked off a round of layoffs at multiple locations. Though the number of workers and the types of jobs weren’t revealed, at least some are in the company’s Charlotte, N.C., Global Technology and Operations unit, according to the Charlotte Observer. One Charlotte-based technology employee said that the laid off workers will come from both inside and outside the U.S. The employee, who spoke to the paper under the condition of anonymity, said that he or she… continue…

Denver-Based Convercent Cuts Staff, Then Hires

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The ax has been falling at the workforce at Denver-based startup Convercent, despite the fact it just raised $10 million. Convercent’s cloud-based technology allows companies to track compliance and corporate ethics. A former employee told the Denver Business Journal that the company recently cut 32 positions from its 70-person payroll. The newspaper is also reporting that some workers at the two-year-old company were replaced with new hires. “[CEO and Co-Founder Patrick] Quinlan mentioned that he staffed up too soon and… continue…

Intel Says New Cuts May Come From Attrition

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Intel is planning to cut approximately 5,380 workers from its payroll this year, representing a 5 percent workforce reduction. The move comes as the company faces fallout from slowing PC sales and efforts to gain traction with tablets and low-power chips that have yet to take off. “This is part of aligning our resources with the needs of the business,” says Chris Kraeuter, an Intel spokesman. He declined to elaborate which business units or locations will be affected. Intel typically… continue…

L-3 Laying Off 150 in Texas

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L-3 Platform Integration is set to lay off 150 employees, reports News Channel 25 in Texas. The Waco-based company placed the blame on sequestration-related cuts to 2014 U.S. Navy aircraft programs, as well as the completion of most engineering work on two major commercial projects. According to a statement from Lance Martin, public relations manager for L-3 Platform Integration, both salaried and hourly positions will be impacted by the cuts. Employees will be offered severance packages and outplacement help. The… continue…

Dell Poised to Lay Off As Many as 9,000

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Dell
Layoffs appear to be the next phase of Dell’s “voluntary separation program,” according to The Register. The Austin computer maker reportedly plans to axe 20 percent of its U.S. marketing and sales force, and 30 percent of them in Europe, the Middle East and Africa. The site estimates that as many as 9,000 Dell employees may get the boot, a figure the company reportedly denies but does not offer a correction for. “We asked Dell about this. It said our… continue…

Computer Sector Ranks No. 5 in Job Cuts

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Layoffs
Although the computer industry generated the fifth largest number of job cuts last year, it’s poised to post strong gains in certain slivers of the sector in the new year, according to a Challenger, Gray & Christmas report released Friday. The computer sector lost 35,136 jobs last year, according to the report, as Hewlett-Packard cut tens of thousands of employees from its payroll and companies like Cisco and Intel also announced large cuts. In the month of December alone, the… continue…