Layoffs

Chipmaker Semtech to Cut 6 Percent of Staff

Posted In Looking in Tech
Semtech Logo
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

Posted In Looking in Tech
Crossroads Systems Logo
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

Posted In Looking in Tech
Bank of America Logo
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

Posted In Looking in Tech
Convercent Logo
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

Posted In Looking in Tech
Intel Logo
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

Posted In Looking in Tech
l-3 Logo
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

Posted In Looking in Tech
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

Posted In Looking in Tech
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…

Macheen Cuts Staff, Swaps CEOs

Posted In Looking in Tech
Machine Logo
Mobile cloud platform provider Macheen has instituted a round of layoffs and reversed its CEO switch involving its founder and chairman. The Austin, Texas, startup  laid off an unspecified number of workers, reports the Austin Business Journal. Additionally, its founding CEO Richard Schwartz told the journal that the company is “redirecting resourcing,” as part of internal changes and a greater focus on a software-as-a-service strategy. The company has also reportedly decided to focus on end users, rather than OEM clients… continue…

Closings, Mergers Threaten Hospital IT Jobs

Posted In Looking in Tech
Health IT
IT workers at the nation’s hospitals are watching as healthcare’s shifting tides reshape how they do their jobs – and if they’ll be able to keep them. Hospitals are grappling with regulatory changes, shrinking Medicare reimbursements, HIPAA-related privacy and security issues and, more than anything else, significant budget cuts. In turn, IT personnel are facing layoffs, and some are rethinking how and where they work. Nowadays, the rate of hospital closures and acquisitions is rising. The Centers for Disease Control… continue…