We hate to read about job cuts during the holiday season (or any time during the year, but especially now), and McAfee said it was a "difficult decision" to trim its workforce, but ultimately felt that's what needed to be done if the company's going to grow in 2012. The Intel-owned security outfit handed out around 250 pink slips, effectively reducing its workforce by 3 percent.
AMD, the world's second largest maker of computer microprocessors with an approximately 20 percent share of the global market, announced a "restructuring plan and implementation of operational efficiency initiatives" that involves handing out pink slips to 10 percent of the chip maker's workforce. The layoffs are part of an overall effort to save the company more than $200 million in 2012.
Motorola Mobility is moving full-speed ahead in preparation for the impending Google takeover, but not in the most pleasant of ways. The handset maker is preparing to fire about 800 workers and close several facilities. The estimated cost to Moto could be as high as $31 million, but when you’ve got Google money, that’s chump change.
Job security is a tough thing to come by these days at Nokia. As part of yet another major restructuring effort, the world's largest handset maker is handing out pink slips to 3,500 employees and closing one of its shops in Romania. The latest round of job cuts are on top of the 4,000 Nokia announced back in April.
It was only a matter of time before Hewlett Packard slashed staff as a result of dumping its webOS hardware business, and that time is now. Several hundred employees in HP's Palm division are on the chopping block, many of which will be dismissed of their duties starting this week.
Thousands of soon-to-be former Cisco employees will have reason to sing the summertime blues as the networking specialist gets ready to cut 15 percent of its workforce. Along with selling a manufacturing facility, the cost cutting moves are intended to save the company in the neighborhood of $1 billion and turn around its financial future.
Japanese consumer electronics giant Panasonic announced late last week that they are in the middle of a “major restructuring”, which could see cuts to at least five percent of its work force in the coming months. Based on current staffing estimations which peg the company ranks at close to 367,000, this could result in a whopping 17,000 jobs cut, most of which will likely be in Japan. Panasonic officials claim the company will be refocusing its efforts on three key market segments as a result of changing global business environments, down from the five it was pursuing currently. In addition to the refocusing, Panasonic claims at least a small percentage of the cuts will be a result redundancies found following the acquisition of Sanyo and Panasonic Electric Works.
Now's not a particularly good time to be working for Nokia, not unless you can handle the stress of wondering if you'll still have a job once the company eliminates 12 percent of its workers. As part of a new strategy to "align its global workforce and consolidate site operations," Nokia said it plans to hand out about 7,000 pink slips, including laying off 3,000 staff and transferring 3,000 more to Accenture, which will take over Nokia's legacy Symbian software division.
Citing "a person familiar with the matter," The Wall Journal is reporting Microsoft plans to hand out pink slips to some employees, possibly as soon as this week.
It isn't known exactly how many employees are being let go, but according to WSJ's source, it will be much less than the 5,000 or so workers the software juggernaut laid off last year.
No one section will bear the brunt of the cuts, and instead Microsoft is expected to lay off employees from various divisions. The small number of layoffs is also in line with similar reductions in staff Microsoft has done in the past, the un-named source said.
In order to better compete with IBM, Hewlett-Packard (HP) will slash about 9,000 jobs and overhaul its computer-services businesses, Bloomberg reports.
In addition to the job cuts, HP also plans to take a $1 billion charge, both to help pay for severance packages and to bring the company's data centers up to snuff so that HP can provide more automated services.
"These sets of actions will enable HP to grow better than the market," Ann Livermore, executive vice president for enterprise business, said during a conference call. "This is a substantial opportunity for us and something that we think is a good opportunity for our clients as well."
Just last month HP had raised its 2010 forecast, the third time the company has done so since November. Results have consistently beat out analysts' expectations, however job cuts are nothing new for HP. During Chief Executive Officer Mark Hurd's five year reign, HP has handed out some 48,000 pink slips so far.