Layoffs

Cadence Design Systems to Layoff in January

Posted In Looking in Tech
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Cadence Design Systems is gearing up to cut 60 workers from its San Jose, Calif., headquarters next month, as the design automation tools maker anticipates ending 2013 with smaller than expected profits. The layoffs are planned for Jan. 4, according to the company’s notice to the State of California. The cuts represent roughly 1 percent of the 5,200 workers the company employed worldwide at the close of 2012. While Cadence is expected to generate revenue of $1.45 billion for 2013… continue…

Boeing to Set Up Five R&D Hubs, Move Jobs

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Boeing plans to set up five research and developments centers around the country that could move up to 1,200 engineering and technology jobs out of Washington State. Up to 300 jobs are to be cut in Southern California. The move will reduce the company’s reliance on unionized engineers in the Seattle area. Earlier this year, Boeing announced plans to shift information technology and engineering work to other states. “Our customers have a common need for new technology that can be… continue…

Avon Ditches SAP Project, to Cut 650 Jobs Globally

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Beauty company Avon has pulled the plug on an SAP-based order-management system and plans to cut 650 jobs globally. The cuts are part of a previously announced $400 million cost-saving initiative, although they’re expected to include positions in North America and those related to the service model transformation (SMT). The company said in a securities filing that a pilot of the new software in Canada caused “significant business disruption in that market, and did not show a clear return on… continue…

Another 80 BlackBerry Workers Get the Axe

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BlackBerry has cut another 80 workers in Waterloo, Ont., as part of its efforts to reduce global headcount by 4,500. The company told CBC News that “we are in a period of transition and we must focus on enhancing our financial results to be in a better position to compete in this current mobile environment.” The beleaguered mobile-phone maker will report third-quarter earnings on Dec. 20 and once again, they’re not expected to be pretty. The company has missed analysts’… continue…

Clinkle Cuts 25 Percent of Its Workforce

Posted In Looking in Tech
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Stealth mobile payments startup Clinkle has cut approximately 25 percent of its workforce, or 16 people, this week, according to a report in TechCrunch. What makes this latest round of cuts significant at the company – which managed to snag a staggering $25 million in seed funding earlier this year — is that it comes on top of more than 30 departures already this year. Those people, according to a Clinkle statement to TechCrunch, included part-time workers, some students and… continue…

Dell Offers Voluntary Separation to Those Without ‘Passion’

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In what looks suspiciously like a campaign to encourage voluntary separations ahead of mandatory layoffs, newly private Dell has told employees that if they don’t share management’s “passion and enthusiasm” for the next phase of corporate life they are welcome to leave. The Register quotes an internal memo, which the company has confirmed: We hope you share in our passion and enthusiasm for Dell’s exciting next chapter. It’s going to take everyone’s hard work and commitment to become the leading… continue…

More Layoffs at Travelocity

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Travelocity is beginning another round of layoffs in Texas, a move that will likely impact its IT department as former rival Expedia takes over development at the company. In its third round of Texas layoffs since mid-September, Travelocity notified employees last week that it plans to cut 15 workers from its Southlake headquarters by Jan. 24. These layoffs are on top of the 62 positions it plans to cut from its San Antonio location by Dec. 13. Travelocity already pared… continue…

Layoffs at Music Service Rdio Hit Engineering

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Streaming music startup Rdio blasted its workforce this week with across-the-board layoffs that reportedly affect some 35 people, or upwards of one-third of its workers, according to TechCrunch. A large number of the affected employees are reportedly in the engineering department and, surprisingly, were focused on mobile and Web apps. One hopeful note: with a number of companies looking for ways to bring mobility to their products and services, Rdio’s mobile engineers may find a new gig with little effort.… continue…

Fab Gives Pink Slips to 81 More

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E-commerce startup Fab has confirmed giving the ax to 81 employees — 73 full-timers and eight temps. AllThingsD reports the casualties include Chief Product Officer David Paltiel as well as other executives. It says Devin Flaherty, the company’s head of user experience, resigned. Chief Operating Officer Beth Ferreira is leaving as well. None of these executives were mentioned by CEO Jason Goldberg in his memo, published on Valleywag, on “refounding” the company. Goldberg said of the streamlining going on: This… continue…

Lockheed to Cut 4,000 Positions by Mid-2015

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Lockheed Martin is once again cutting its workforce, this time planning to lay off approximately 4,000 workers from nearly half a dozen sites across the U.S., its CEO Marillyn Hewson announced in an email to employees Thursday. “Today our customers face an increasingly complex global security environment with rapidly shrinking budgets. Now more than ever, they are expecting us to help them stay ahead of the threats by delivering innovative products and systems at the most affordable cost,” according to… continue…