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The once-dominant Internet service company blamed the job cuts on its dwindling dial-up customer base, but industry watchers also viewed the layoffs as a ploy to please potential buyers or investors of the Time Warner unit, which are rumored to include Google ,...
05/09/05 5:00 AM PT | TechNewsWorld | 1431 Words
The IBM Layoff
Now, you may ask yourself, what does putting 13,000 people out of work (last week's news ) have to do with fixing that problem? The answer is nothing, but IBM had to show it was doing something to address the problem and, unfortunately for labor, the market seems to like layoffs ...
05/06/04 6:01 PM PT | LinuxInsider | 737 Words
Competitors queried by LinuxInsider said they had not heard of the layoffs previously and found them "interesting."
A report in a local newspaper in California indicated there were "companywide consolidations and layoffs" that cut less than 10 percent of The SCO Group's...
04/30/04 2:09 PM PT | E-Commerce Times | 732 Words
Gateway spokesperson David Hallisey told the E-Commerce Times that the layoffs will be part of a larger strategy to streamline the company's operations.
Gateway is no stranger to conducting layoffs, especially in the recent past. When the company closed its chain...
10/16/03 8:12 AM PT | E-Commerce Times | 531 Words
... it is seeing the most concrete signs to date that an economic recovery is taking hold, IBM has indicated it could reverse more than two years of layoffs by adding as many as 10,000 jobs in 2004. "We are beginning to see...
03/05/03 4:00 AM PT | E-Commerce Times | 845 Words
"Doing the layoffs is often only half the battle," John A. Challenger, CEO of outplacement firm Challenger, Gray & Christmas , told the E-Commerce Times. "What a company says during those times can be equally important."
Damage Report
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Layoffs Expected
Still, Tse said that IBM had to do something to meet its forecasts, and the company has obliged with a series of layoffs expected to affect between 8 and 9 percent of its workforce. The company reportedly...
About two-thirds of the layoffs will take place by November 1st, with the remainder coming in 2003. Fiorina made the announcement at the newly merged company's first analysts' meeting in Boston, where Fiorina spoke about HP's future prospects and current employment issues.
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05/31/02 9:17 AM PT | E-Commerce Times | 575 Words
The company last underwent massive layoffs in the early 1990s, when it suffered one of the worst declines in its history. After significant retooling, however, IBM emerged with a slicker image and better financials.
Breaking Tradition
Big...
04/29/02 9:21 AM PT | E-Commerce Times | 446 Words
But the torrent of layoffs has begun to slow noticeably in recent months. Starting last April, the monthly totals began to decline steadily, spiking only in October 2001 as companies scrambled to address a falloff in business after the events of September...
The Chicago-based outplacement firm said 670 dot-com positions were eliminated last month, down sharply from the 1,802 layoffs announced in January.
The February count is the lowest since April 2000 and continues a trend of steadily declining job losses that began in...
02/01/02 6:56 PM PT | E-Commerce Times | 581 Words
Throw in the latest round of dot-com layoffs and the current assault on Net advertising , and the e-business is undergoing a genuine public relations nightmare.
But is the recent bad rap justified? Or is e-commerce simply an easy target during...
01/18/02 7:49 PM PT | E-Commerce Times | 574 Words
More details about the layoffs and revenue projections are expected to be released in a few weeks. On February 7th, NBCi is scheduled to report financial results for the fourth quarter and fiscal year ending December 31st.
Deeper Cuts
07/27/01 10:44 PM PT | E-Commerce Times | 518 Words
According to the executive, many smaller dot-coms with 100 or fewer people were formed in the last year and went through layoffs in recent months.
Less is More
July dot-com job cuts fell 6 percent from June,...
03/08/01 1:54 PM PT | E-Commerce Times | 633 Words
Even the otherwise ruthless F**ckedcompany.com, the rumor repository for dot-com layoffs and failures, has collected US$13,000 from its visitors to help the families of victims of a shooting at a Massachusetts high-tech company.
Of course, businesses of all sorts and stripes...
Throw in the latest round of dot-com layoffs and the current assault on Net advertising , and the e-business is undergoing a genuine public relations nightmare.
But is the recent bad rap justified? Or is e-commerce simply an easy target during uncertain...
Company spokesperson Paula Davis told the E-Commerce Times that the layoffs in Chicago are effective immediately, but that the offices in Boulder and Austin will remain open until around the first of the year. She added that the laid-off employees will receive...
This staff reduction represents the second round of layoffs at Butterfields this year; 14 workers were cut in July when eBay scaled back a previously announced expansion plan and curtailed operations in Chicago, Illinois and New York City.
All of the layoffs...
First, there are the dot-com layoffs . Yes, there are plenty of them, and they are accelerating like mad. Challenger, Gray and Christmas summarizes the bad news for us every month now, and rarely does a day pass when some dot-com layoffs...
02/02/15 5:00 AM PT | TechNewsWorld | 1666 Words
We cut investments, freeze salaries, make layoffs , and shave marketing expenses and then seem fascinated when the firms don't recover. I just finished a review of the Lenovo acquisition of the IBM x86 server division, which IBM thought was unfixable -- much...
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