“Yahoo is preparing to begin layoffs of what could be thousands of employees starting next week, according to multiple sources, and is then expected to announce a new restructuring of the company the week after.”
Screwdd
“San Francisco start-up Seesmic laid off 18 employees this week, bringing its staff down to 15 people.” (Source: Seesmic Lays Off Half Its Staff As It Pivots to Social Cross-Posting – Liz Gannes – Social – AllThingsD.)
“American Airlines told its unions Wednesday it plans to cut 13,000 jobs from the staff of 88,000 at the nation’s No. 3 airline.” (Source: American Airlines: We’ll have ‘many fewer’ jobs – Feb. 1, 2012.)
” Eastman Kodak, the once mighty icon of the photography industry, filed for Chapter 11 bankruptcy protection Thursday.” (Source: Eastman Kodak files for Chapter 11 bankruptcy protection – Jan. 19, 2012.)
“Oracle’s ORCL -13.94% shares fell $3.79, or 13%, to $25.35 in the wake of the company’s Tuesday results. For its fiscal second quarter, Oracle earned $2.2 billion, or 43 cents a share, on revenue of $8.8 billion, compared with a profit of $1.87 billion, or 37 cents a share, on $8.6 billion in sales in [...]
“We have some sad news to report out of Holland today. TomTom has announced that it will release nearly ten-percent of its employees as the company works to reorganize and move away from the personal navigation device market.” Source: TomTom looks to shed ten-percent of workforce in restructuring effort — Engadget
“Citigroup says it is cutting 4,500 jobs over the next few quarters. CEO Vikram Pandit said the job cuts are part of the New York bank’s efforts to reduce costs. Pandit made the remarks Tuesday at a financial services conference hosted by Goldman Sachs & Co.” Source: News from The Associated Press
“American Airlines’ parent company is seeking Chapter 11 bankruptcy protection as it seeks to unload massive debt built up by years of accelerating jet fuel prices and labor struggles.” Source: American Airlines files for Ch. 11 protection – Yahoo! News
“Nokia Siemens Networks would like you to know that it “puts mobile broadband and services at the heart of its strategy”, and to demonstrate this they plan to fire roughly 17,000 people worldwide before the end of 2013 as part of ‘an extensive global restructuring program’” Source: Nokia Siemens Networks To Cut 17,000 Jobs, Writes [...]
