Hewlett-Packard on Wednesday announced financial results for its second fiscal quarter ended April 30, 2012, noting net revenue of $37.7 billion, a big number, though down 3 percent year-over-year. The Palo Alto company raked in a $1.6 billion (with a 'B') profit in its second fiscal quarter and returned $601 million in cash to stockholders in the form of dividends and share repurchases, which is far better than what 8 percent of its workforce will receive -- pink slips -- as part of a multi-year restructuring effort.
The good news for Yahoo Chief Executive Scott Thompson is that no one is accusing him of doctoring his birth certificate, so if he wants to make a run at a bigger presidency, that's one less hurdle to jump over. He is, however, accused of padding his resume, which has prompted an internal investigation into his hiring, as well as a lot of time and energy spent reviewing his qualifications, and for that he has taken full responsibility and apologized.
Without the benefit of a merger with AT&T and even after receiving a big time breakup fee in the neighborhood of $4 billion, T-Mobile is finding it difficult to forge ahead with business as usual. T-Mobile, currently the fourth largest carrier in the U.S. behind Verizon, AT&T, and Sprint, reportedly plans to shut down several call centers and reduce its workforce by 1,900 as the wireless carrier attempts to cut costs.
Usually, it takes far-reaching government bills or the mention of DRM to prod geeks into picking up their proverbial torches and pitchforks and expressing outrage en masse, but Wednesday's news of employers asking job applicants for their Facebook passwords caused a crapstorm of Netflix-price like proportions. Turns out, everyday folks aren't the only ones angry about it: a Connecticut Senator and Facebook itself whipped out threats of legislation and lawsuits, respectively, if the privacy-invading practice continues.
We get it, nearly everyone's on Facebook these days, some of whom reveal a little too much about themselves. You should be careful what you post. Why? Because employers check Facebook profiles of prospective job hires; that's old news. Alternately, go nuts with what you post and be selective in the people you allow to view your profile. But what happens when an employer asks for your username and password during a job interview?
After conducting a review of its business and analyzing "current organizational needs," Blizzard made the tough call to axe around 600 employees, the game developer and publisher announced this week. Only about 10 percent of those pink slips will be handed out to workers in departments related to game development, and of those roughly 60 workers, none of them will be from the World of Warcraft team.
Young enthusiasts who are looking for a future in IT might well decide to specialize on Microsoft, but before you do here is an interesting point to consider. Linux developers and system administrators will be the ones making the big money, at least if current trends continue. According to a recent survey conducted by the Linux Foundation, developers and system administrators saw pay increases of 5% last year, and bonuses averaging around 15%.
Craig Silverstein is a name you might not be familiar with, though there's reason you should be. He was Google's third employee behind company founders Larry Page and Sergey Brin, and their first hire. He was a fellow PhD student with Page and Brin at Stanford University, and through a variety of jobs at Google over the years, he helped grow the search giant into the company it is today. After nearly a decade and a half of service, Silverstein is ready to move on.
Finnish phone maker Nokia today outlined plans to shed roughly 4,000 workers combined from three separate smartphone production plants in Komarom, Hungary, Reynosa, Mexico, and Salo, Finland. What remains of the three factories will focus on smartphone product customization for customers mainly in Europe and the Americas, while smartphone production at large will be diverted to Asia where the majority of component suppliers hang their hats, Nokia said.
Microsoft has reportedly begun trimming (or slashing, depending on how you want to look at it) its workforce by letting go of a "small percentage" of employees who held marketing positions with the Redmond software giant as it looks to revamp and streamline its operations. The company didn't specific exactly how many employees were let go, though several reports have the number pegged at 200.