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Jeff Meisner
Despite Hot Deals, Cyber Monday Sales Tepid
12/01/08 3:01 PM PT | E-Commerce Times | 976 Words

The fall in the housing market, massive layoffs across all sectors of the economy, and much higher interest rates on credit cards have all conspired to dampen the holiday shopping spirit.

"There's a strong correlation between housing prices, home equity and consumer...

Jeff Meisner
Sun Cuts 6,000 as Wall St. Cloud Spreads to Tech
11/14/08 2:20 PM PT | E-Commerce Times | 586 Words

Sun expects the layoffs will save it as much as US$800 million annually, starting in the next full quarter. However, Sun will also incur a one-time cost of as much as $600 million as a result of the workforce reduction.

Reducing...

Jeff Meisner
Motorola's Financial Health Ebbs With No Cure in Sight
10/30/08 11:54 AM PT | E-Commerce Times | 456 Words

Motorola announced a new round of layoffs as it reported a 15 percent decrease in revenue during the third quarter on Thursday. "Approximately 3,000 employees will be affected globally across all businesses and functions," company spokesperson Maya Komadina told the E-Commerce Times.

...

Keith Regan
Alcatel-Lucent Loses $3.7B in Q4, Delivers Grim Outlook
02/08/08 10:39 AM PT | E-Commerce Times | 667 Words

However, the company did not announce additional layoffs , as had been widely expected.

Alcatel-Lucent reported a loss of 2.58 billion euros, or US$3.74 billion, in the fourth quarter, more than four times as large as its loss in the year-ago period.

Katherine Noyes
Logic Bomb Dud Sends Medco Sysadmin to Jail
01/09/08 11:53 AM PT | TechNewsWorld | 752 Words

Fear of Layoffs
During a Sept. 19 plea hearing before Linares, Lin admitted that while he was employed as a systems administrator at Medco in October 2003 he modified existing computer code and added additional code designed to wipe out...

Keith Regan
AMD Sales Chief Departs Amid Profit Slump
08/23/07 11:48 AM PT | E-Commerce Times | 876 Words

AMD did not announce layoffs , but said over time it expected to cut up to 5 percent of its workforce by not filling vacant positions.

Such environments can become ripe for so-called brain drain, where a company's top workers leave rather...

Keith Regan
Huge Loss Forces Cuts at Alcatel-Lucent
02/09/07 10:26 AM PT | E-Commerce Times | 664 Words

'Clearly Disappointing'
The new cuts will bring the total number of layoffs to around 12,500, with the reduction slated to unfold over a three-year period. Lucent had begun trimming its own workforce even before the merger was final, saying last...

Keith Regan
Kodak to Slash 3,000 More Jobs in Restructuring
02/08/07 10:50 AM PT | E-Commerce Times | 774 Words

Eastman Kodak announced Thursday it would cut 3,000 more workers from its payroll, bringing the total number of layoffs close to 30,000 as the once dominant photography company tries to reinvent itself in the digital age. At a meeting with investors, Kodak laid...

Keith Regan
Motorola to Cut 3,500 Jobs After Profits Fall
01/19/07 1:44 PM PT | E-Commerce Times | 869 Words

When coupled with the recent announcement by Sprint Nextel that it would cut 5,000 jobs, the layoffs at Motorola add to more total job cuts at telecom companies than in all of the fourth quarter of 2006, John A. Challenger, CEO at...

Gene J. Koprowski
France Telecom Soaring While AOL Struggles in European ISP Market
05/20/06 1:30 AM PT | TechNewsWorld | 678 Words

As if to confirm that theory, this month France Telecom announced massive layoffs at its Orange Division, based in the UK. Faced with a relentless decline in its traditional, land-line based voice business, France Telecom said it would reduce headcount by 17,000...

Gene J. Koprowski
Report: Pendulum Swinging for IT Job Market
07/25/05 5:00 AM PT | CRM Buyer | 568 Words

There is concern, however, that with all of the mergers and acquisition activity, there may be some layoffs . "Integration challenges are immense where M&A's are concerned," said Foote. "With many more of the likes of Oracle/PeopleSoft, Bank of America/Fleet Financial, Verizon/MCI,...

Keith Regan
Gartner Buying Meta Group in $162 Million Deal
12/27/04 10:00 AM PT | E-Commerce Times | 819 Words

A spokeswoman for Gartner declined to comment on details of the merger, including whether there would be any layoffs of analysts or back-office staff as a result.

Consolidation Likely
Some consolidation seems likely, however, at least at the headquarters...

Keith Regan
Microsoft Plans $1 Billion in Cost Savings
07/07/04 10:15 AM PT | E-Commerce Times | 685 Words

The savings will come from a more coordinated marketing effort among the company's various divisions and other measures, but will not require any salary cuts or layoffs, Microsoft CEO Steve Ballmer told the company's 57,000 employees in an e-mail . Microsoft's fiscal...

Keith Regan
Gateway Shuts All Stores, Cuts 2,500 Jobs
04/02/04 8:09 AM PT | E-Commerce Times | 624 Words

The additional layoffs -- which amount to nearly 40 percent of Gateway's remaining workforce -- are expected to come quickly, with all stores shuttered by Friday, April 9th.

The moves are aimed at completing an almost total overhaul of the company, which...

Keith Regan
HP Misses Targets, Plans More Job Cuts
08/20/03 8:02 AM PT | E-Commerce Times | 471 Words

Hewlett-Packard fell short of expectations with its third-quarter results, but executives at the company vowed to post improvements in the current quarter and said they will undertake cost-cutting measures, including 1,300 more layoffs , to achieve their goal. The company posted revenue of...

Keith Regan
What To Expect When You're Expanding - Again
04/09/03 4:00 AM PT | E-Commerce Times | 700 Words

Of course, after three years of dealing with slow economies, global uncertainty and layoffs , some firms may worry that their expansion muscles have turned to flab. This is a valid concern, because the first few moves enterprises make on the road to...

Lisa Gill
AMD To Reduce Workforce by 2,000
11/14/02 2:13 PM PT | E-Commerce Times | 505 Words

The company will take a restructuring charge of "several hundred million" dollars as a result of the layoffs .

In its third-quarter earnings report , AMD reported a $254 million loss on $508.2 million in sales revenue . That figure represented a...

Keith Regan
Online Brokerages To Cut Jobs, Raise Fees
09/18/02 10:30 AM PT | E-Commerce Times | 425 Words

Schwab said the new layoffs will amount to a 10 percent reduction in its workforce, reducing its total employee base to just under 19,000, well off peak levels of more than 26,000 in 2000. CEO David S. Pottruck said the cuts, along with...

Keith Regan
Investors React Strongly to Monster Parent Warning
08/08/02 10:26 AM PT | E-Commerce Times | 648 Words

Layoffs will continue across all TMP departments, Treacy said in the conference call. TMP originally said it would lay off about 500 workers, but the company now has upped its target to 1,000 layoffs , with 750 already completed.

As for...

Keith Regan
Report: Tech-Driven Productivity Costs Jobs
06/14/02 9:37 AM PT | E-Commerce Times | 463 Words

While the economic slump is to blame for most layoffs , improved productivity , tied to several technological advancements, is a major contributing factor.

"It's no coincidence that the sectors with the biggest productivity gains are also the ones that have announced...

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