A Forbes report last week indicated that IBM was preparing for a "bloodbath," one that would see the dismissal of about 26 percent of its workforce, or as many as 112,000 employees. That would indeed be a bloodbath, expect that the actual number of pink slips IBM plans to hand out will be much lower. Instead of 112,000 employees being shown the door, IBM said layoffs will number in the several thousands, or a "small fraction" of what Forbes reported.
Microsoft's restructuring effort will see a total of 18,000 job reductions
Today was a tough one in Redmond. Continuing with a restructuring plan announced earlier this year, Microsoft today handed out an additional 2,100 pink slips as part of a second wave of layoffs. When all is said and done, Microsoft will have reduced its total workforce by 14 percent, or 18,000 workers, as it looks to become a more agile company that can move faster towards its goals.
Microsoft prepares for the biggest round of layoffs in company history
Satya Nadella is going to make history at Microsoft, though not the kind he'll ever want to brag about. Following up on an open memo sent out to employees last week, the CEO of Microsoft confirmed in another open email to all employees that job cuts are on the horizon as the company looks to reduce its workforce by up to 18,000 workers. No other round of layoffs in Microsoft's history have come close to that figure.
AMD regains a graphics guru that it once lost to Intel
Technology is a sometimes fickle industry, especially when you're dealing with top level talent, of which there's a limited number to go around. One of those talents is Richard Huddy, a graphics expert who's been in and around the block a time or a dozen. Having left AMD in 2011 to work for Intel, AMD is putting the word out that Richard Huddy is returning, this time as a senior adviser to key technology executives.
Microsoft's former chief is now unsure how long he'll remain on the board of directors
Steve Ballmer became of the face of Microsoft after being named the company's chief executive officer in January 2000. It's a demanding position, to say the least, and after 14 years at the helm, he finally relinquished the role, with Satya Nadella taking over last month. With his time suddenly freed up to think about things, Ballmer's been reflecting on what to do next and whether or not that includes remaining on Microsoft's board of directors.
Over 1,000 IBM workers go on strike to protest deal with Lenovo
Lenovo and IBM entered into a definitive agreement at the end of January in which Lenovo would acquire IBM's x86 server business for around $2.3 billion. As part of the deal, approximately 7,500 IBM employees in more than 60 countries would be offered employment by Lenovo, though concerns over wages have some workers protesting the deal. According to various reports, over 1,000 workers went on strike at one of IBM's factories in China. As far as Lenovo is concerned, it's up to IBM to deal with the matter.
IBM knows the business areas it wants to focus on going forward. The company also knows that job cuts are inevitable as it attempts to "rebalance its workforce" to the fit the direction it's headed, though exactly how many employees will be receiving pink slips hasn't yet been determined, at least not officially. Unofficially, IBM may reduce the number of workers in its Systems and Technology group by up to 25 percent.
Slumping PC sales are affecting Intel's bottom line
It's been a rough stretch for companies invested in the PC market, and that includes Intel, the world's largest semiconductor maker. Intel recently reported its fourth quarter financial results in which it was revealed that revenues from the chip maker's PC Client Group declined 4 percent from 2012. A day later, Intel let it be known that it plans to reduce its global workforce by around 5 percent in 2014.
Talented engineers scoring big paydays in Silicon Valley
If you fancy yourself a savvy eningeer or developer, Silicon Valley is the place to float your resume. Demand is high for code junkies who know their stuff, and if you play your cards right, you could line your portfolio with millions of dollars worth of stock. Christopher Fry, senior vice president of engineering for Twitter, is a walking example of just how valuable top engineering talent has become.
More layoffs loom as BlackBerry struggles for relevancy
It's been a tough past couple of years for BlackBerry, and for many of its employees, things might be about to get worse. Citing "people familiar with the matter," The Wall Street Journal says the Canadian handset maker is getting ready to reduce its workforce by up to 40 percent. BlackBerry currently has around 12,700 employees spread across various divisions, and none of them are safe from the chopping block.