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.
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.
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.
What you make of AOL's layoff plans depends on whether you usually see the glass as half full or 50 percent empty. Here's the deal -- we've known for some time that AOL was readying pink slips, but according to reports, the New York-based company is 'only' letting go of several hundred employees this time around, far less than what some might have been expecting.
AOL's $315 million acquisition of The Huffington Post is nearly complete, and as the finish line approaches, job cuts can be seen on the horizon. If there's a bright side to this, it's that the job cuts won't come until after the deal is complete. But they are around the corner, because as AOL CEO Tim Armstrong put it, there's just no way to avoid making cuts.
Disney, home of the self-described happiest place on Earth, has laid off close to 200 employees as it tries to revamp its interactive media division, The Wall Street Journalreports.
Most of those pink slips ended up in the hands of employees working for Disney's console game operations, which formerly consisted of a staff of 700. Going forward, more layoffs are expected.
"As part of setting a strategic for future success in the digital media space, the Disney Interactive Media Group yesterday began a restructuring process," a Disney spokeswoman said in a statement.
The biggest blow coming from Disney's restructuring efforts includes the shuttering of one of its game studios, Progaganda Games, which worked on the Tron game. Looking ahead, it appears Disney is more interested in pursuing mobile and social games as the company attempts to lift its interactive media group out of the red.
With more and more members flocking to Facebook, MySpace is taking drastic action to cut costs and possibly prepare itself for a sale. The struggling social network slashed its workforce nearly in half, handing out pink slips to 500 of its 1,100 employees, USA Today reports.
"Today's tough but necessary changes were taken in order to provide the company with a clear path for sustained growth and profitability," MySpace CEO Mike Jones said in a statement. "These changes were purely driven by issues related to our legacy business, and in no way reflect the performance of the new product."
MySpace has been trying desperately to reinvent itself and attract a younger audience. In October, MySpace launched an overhauled version of its site geared towards music, movies, and entertainment, and while the site still sees some 60 million visitors a month, it's still way behind Facebook, which sees 150 million visits on a monthly basis.
Credit MySpace for once dominating the social networking scene and, more recently, trying to reinvent itself as an all-around entertainment epicenter. But let's be real, MySpace blew its opportunity to become what Facebook already is, and there doesn't appear to be room for both to coexist.
According to AllThingsD.com, things are about to get worse. Layoffs loom for perhaps as much as 50 percent of MySpace's workforce, AllThingsD.com says, which works out to around 550 pink slips.
Citing "multiple sources familiar with the situation," AllThingsD.com says nothing is a done deal, but all employees have been put on notice to start saving their pennies. The suits in charge are also batting around the idea of selling MySpace, though there's no word of any potential buyers.
There have been rumors that Yahoo's latest round of layoffs nixed the entire Del.icio.us team, and now it appears the social bookmarking site is not long for this world, TechCrunch reports.
Former Yahoo employee Andy Baio posted an internal Yahoo team meeting slide showing various business ventures listed under three categories: Sunset, Merge, and Make Feature. Del.icio.us falls under the Sunset heading, as does Altavista, MyBlogLog, Yahoo Bookmarks, and a handful of others.
"Part of our organization streamlining involves cutting our investment in underperforming or off-strategy products to put better focus on our core strengths and fund new innovation in the next year and beyond," Yahoo said in a statement. "We continuously evaluate and prioritize our portfolio of products and services, and do plan to shut down some products in the coming months such as Yahoo Buzz, our Traffic APIs, and others. We will communicate specific plans when appropriate."
Yahoo recently handed out pink slips to 4 percent of its staff (around 600 employees) in what the company described as "a tough call, but a necessary one."