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April 21, 2009

More Microsoft job cuts rumored

More jobs could be cut at Microsoft Corp., according to a prominent analyst who covers the company.

Sid Parakh of McAdams Wright Ragen brokerage in Seattle said Monday in a note to investors that “over the last week, we have heard from multiple sources that Microsoft may engage in additional restructuring activities in the near-to-mid term.”

Source: Puget Sound Business Journal (Seattle)

March 3, 2009

Rumor: Apple Layoffs Today?

According to Valleywag: “One tipster tells us there are “major layoffs” at Apple. Another writes that “all sales teams have mandatory meetings today” and that “HR booked conference rooms in Cupertino.” Is Apple cutting salespeople loose?”

~News submitted by Jack R.

January 6, 2009

Rumor: Wyndham Resorts to introduce Major layoff at sales stuff meeting (January 7, 2009)

Mandatory meeting for all Wyndham Resorts sales staff morning of 1/07/09 at all Florida resorts. Major layoff expected. More will be revealed, according to rumor.

Union tries to organize IBM workers

According to Yahoo Tech: “One message states that IBM will announce 16,000 layoffs on Jan. 23, affecting workers worldwide. Similar predictions are made in other recent posts on the site, which is run by the Alliance@IBM/Communications Workers of America Local 1701, a union that is trying to organize IBM workers.”

“The union, while still in an organizing phase and not yet recognized by IBM, has about 6,000 members, including IBM employees and retirees, according to national coordinator Lee Conrad. But because the union has not reached an employment contract with IBM, there is “not an awful lot” it can do except raise awareness of the issue”.

LayoffBlog.com: Stay tuned for more info.

January 5, 2009

Rumor: Massive layoffs are coming to IBM later this month

An unofficial online employee Web site, IBMemployee.com, says massive layoffs are coming to Big Blue later this month, according to Times Herald-Record.

“All divisions in IBM will be affected,” says one entry, adding the majority of those cuts will be announced Jan. 23.

“Several more posts say approximately 16,000 employees, mostly in the U.S., will be affected.”

  • IBM has more than 386,000 employees worldwide, according to its Web site. If the rumored 16,000 figure proves accurate, then, it would equal roughly a 4% reduction in headcount.

IBM’s been cutting people every couple of weeks, but they’re small, silent cuts. What we’re concerned about is a massive one, according to various insider sources.

Update: Union tries to organize IBM workers

Update 1 (Jan 06, 2008): IBM Employees Buzzing About Layoff Rumors

Update 2 (Jan 11, 2009): IBM approves Obama’s IT stimulus package; $30bn will create 900,000 jobs, healthy IBM

Rumor (Jan 19, 2009): Massive layoff packages offered on 1/27

Update 3 (Jan 19, 2009): Stress levels rise at IBM as word of job cuts swirls

Update 4 (Jan 20, 2009):

  • Several sources warn of imminent job cuts announcement.
  • IBM Profit Tops Forecast; Outlook Better than Expected, according to CNBC: “The guidance of $9.20 is awesome… looks like their outsourcing, packaging, cost containment strategy is working. They executed really well..”

Update 5 (Jan 21, 2009):

  • According to rumor, IBM started to cut sales and engineering positions in US.
  • The arguably more-important indicator of IBM’s performance — its top line — fell 6.4%, according to WSJ

Update  6 (Jan 22, 2008):

  • IBM confirms job layoffs: “28 out of 45 cut,” according to a another entry, from Austin, Texas. “Young and old, top and bottom performers. Never show me great 4Q numbers again.”, according to Betanews
  • IBM employees reported yesterday that the layoffs are already happening in IBM software and distribution divisions in the US and Canada, according to multiple news sources

Update 7 (March 11, 2009): Scattered layoffs in IBM can touch 4,600

Update 8 (March 25, 2009): IBM to Cut 5,000 U.S. Jobs, Shifting Work to India

~ LayOffBlog.com: Please feel free to comment this info and/or send us your updates regarding IBM layoffs. ~


Microsoft Readies Cuts; Though Big Layoffs Unlikely

According to NBCBayArea: “Microsoft will embark on a significant cost-cutting initiative in 2009, which might begin as early as this month, to offset a global slowdown in sales. However, sources tell Jim Goldman of CNBC, the cuts will largely be handled through attrition and the non-renewal of contract employees, rather than through a rumored, sweeping layoff.

“Rumors of a broad workforce reduction at the world’s largest software maker have been swirling since a blog post last week purported to show that Microsoft was preparing to lay off as many as 15,000 employees, or 17 percent of its workforce. A Microsoft source tells Goldman that the speculation is “grossly exaggerated,” but added that “any company not paying careful attention to headcount in a climate like this is nuts.” Calls and emails to Microsoft Saturday morning were not immediately returned.”

December 30, 2008

Rumor: Microsoft to layoff 15,000 employees in January 2009

According to rumors from different sources: “The rumor that Microsoft was set to lay off people in January 15th 2009 is no longer a rumor but a fact. Staff at Microsoft has been informed that the company is readying major layoffs to its worldwide operations and it’s not a small cut either.”

So far we haven’t managed to confirm what departments or regions which will be hit the worst, but we’re hearing that MSN might be carrying the brunt of the layoffs. We’re also hearing rumors about the possibility of somewhat larger staff cuts at Microsoft EMEA (Europe, Middle East and Africa).

“It’s unlikely that Microsoft will be laying off a lot of people in departments and regions that are doing well and considering the recent upturn in console sales, we have a feeling that at least most of the people working in the Xbox 360 departments will be pretty safe.”

“The layoffs will take place a week before Microsoft’s Q2 earnings report which takes place on the 22nd of January 2009 and it doesn’t seem like the date set for the layoffs is coincidental.”

  • “Currently Microsoft employs about 90,000 people across the world and from what we’re hearing, some 15,000 of those are expected to be giving marching orders come January 15th. That’s almost 17 percent of Microsoft’s total work force, not exactly a small number.”

~ LayOffBlog.com:  Please feel free to comment this info or send us your updates regarding Microsoft layoffs. ~

December 23, 2008

Google to Employees: No Christmas Bonus, Here’s a G1 Instead

According to Gizmodo: “Googlers looked forward to cash bonuses that topped $20,000. This year, they’re getting $180 worth of “dogfood” – a  T-Mobile G1 cell phone”.

December 22, 2008

Microsoft Layoff Rumors

Filed under: IT,Microsoft,Rumor,US — 7macaw @ 10:30 am
Tags: , , , , ,

Mini-Microsoft writes: “Rumors. Microsoft layoff and cut-backs and Reduction In Force rumors. That’s all I have for you. Rumors and second-hand speculation and the comments left by the fine, good-looking folks who participate in the conversation here. So pour yourself some holiday cheer and dive in.

What have those fine folks been sharing over the past couple of posts here? Bad news on the rise and with perhaps January 15th 2009 as an interesting day for Microsoft news. Bad news. 15 Jan is a week before FY09Q2 quarterly results and it’s better to share as much news, good and bad, before the results are released vs. surprising Wall Street”.

December 18, 2008

(Rumor) Oracle: Major layoffs are to come in January 2009

According to rumors from different sources: “There were several layoffs reported between November – December, 2008 in Oracle’s North America consulting unit. The reduction in force included 140 IT consultants specializing in Siebel, E-Business Suite, PeopleSoft, J.D. Edwards, and Hyperion products.”

Rumor: “A bunch of people were laid off from Oracle’s business units including utility and retail. Major layoffs are to come in Jan 2009”.

Rumor: “at least 2 people were laid off from PeopleSoft/Oracle unit with no warning.”

Rumor: “20% of the Education staff was let go”.

Update: According to Dow Jones and CNNMoney: “Oracle Corp.’s (NASDAQ: ORCL) fiscal second-quarter net income fell slightly, with the stronger dollar dragging on revenue and profitability.
Revenue for the quarter was lower than Wall Street expected, reflecting both the currency impact and weaker information-technology expenditure, but cost control and a strong flow of maintenance support revenue helped Oracle hit its quarterly earnings per share guidance.”

Update 2 (1-09-2009): According to rumors:

  • SAP layoffs: “A source reports that SAP is making some deep cuts in SAP’s Strategic Growth Enterprise (SGE) unit (focused on the SMB space). A 300 sales-related positions were affected in North America.”
  • Infor layoffs: A source reports that “Infor just laid off a staggering 85% of their senior managers and executives across UK and Europe.”

Update 3 (1-11-2009):

  • India’s Oracle office in Bangalore lays off 40 people, according to The Time of India.
  • Oracle India has an extensive network of more than 400 channel and alliance partners in India, which includes Infosys, Satyam, Sonata, Tata Consultancy Services and Wipro.

Update 4 (1-12-2009):

  • Reports said that after the acquisition of i-Flex, Oracle was planning to lay off almost all employees of that company, though the decision was scrapped after intervention of Oracle’s management, as the layoff of all i-Flex employees could project a failure of the acquisition, according to rumor

Update 5 (1-13-2009):

Update 6 (1-13-2009):

  • Oracle cut around 500 positions in its North American sales and consulting businesses last Friday (January 9, 2009), according to WSJ and other sources.
  • Investors had anticipated a larger scale of the job cuts thanks to the rumors last week that the company was aiming to eliminate thousands of its employees, according to Yahoo Finance
  • Oracle  employed 86,657 globally at the end of November.

~ LayOffBlog.com: Please feel free to comment this info and/or send us your updates regarding Oracle layoffs. ~
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December 11, 2008

Rumor: Silicon Graphics to cut up to 20% of the workforce

According to InsideHPC:  “sources inside SGI has confirmed for insideHPC that layoffs are expected at the company today.”
“Additional word from those in a position to know is that Bo sent out an email last night putting the size of the layoffs at between 10% and 20% of the workforce, and it looks like it might be Friday before we know which 20%. Details on the timing are still sketchy.”

December 10, 2008

Leak: Yahoo’s secret layoff doublespeak revealed

According to Valleywag: “Yahoo’s script for performing the layoff begins when the boss walks up to an employee getting the sack. And then he says, “Thank you, [FIRST NAME HERE], for coming in. I have some information regarding our organization I’d like to tell you in person.” The anodyne managementspeak just gets worse from there: “I appreciate what you have done for Yahoo.””

Read full story

So the Yahoo Layoffs Finally Begin (Update 12-10-2008)

Sunnyvale, Calif. 12-10-2008.

LayOffBlog.com will be closely monitoring layoff news from Yahoo.

According to BusinessWeek: “This morning, Yahoo folks who haven’t been called into individual meetings with managers are waiting tensely and hoping they’ll still have a job by this afternoon.”

Update (12-08-2008): According to CNet News: “And while Yang, in the most recent earnings report call, noted that further layoffs could occur in 2009, AllThingsD, citing an anonymous source, said that an additional 500 positions may be cut through attrition and a hiring freeze.”

Update (12-10-2008): According to CNet News: “Most of the approximate 1,500 layoffs affect employees at Yahoo’s U.S.-based locations and come from a number of areas within the company, the company said”. “In February, the company cut 1,000 jobs after its fourth-quarter profit took a hit”.

Rumor (12-10-2008, 10:00 am): According to rumor from inside: “There are requests for the little people to be in the office by 9 a.m. If they can’t, they must be available by cell for the next 6 hours. Nobody sure what that all means. Are people going to get in early..

Rumor (12-10-2008, 2:20 pm): According to rumor from inside: “There are rumors of layoffs within the Brickhouse group in SF, Flickr, and brand marketing.”

Rumor (12-10-2008, 2:30 pm): According to rumor from inside: “people who accept severance pkgs also must sign a no-squawk agreement

Rumor (12-10-2008, 2:40 pm): According to Valleywag: “Yahoo has a strict set of rules to follow in layoffs: No small talk. Get to the point. Don’t own the employee’s feelings. Did Jerry Yang, the stumbling Internet company’s cloddish founder-CEO, follow them in his latest all-hands memo?”

Rumor (12-11-2008, 6:00 pm): Zimbra project members are safe for now.

December 8, 2008

Rumor: Cisco Systems to lay off IT contractors

According to rumors from insider sources*, Cisco Systems to cancel several internal projects (including Web 2.0 and R&D projects), laying off IT contractors, most of them are H1B visa workers. Cisco IT contractors are not actual Cisco employees, they are working through ‘vendor’ companies (also known as ‘body shops’). But the layoffs are real. Most likely these layoffs will not be listed in the Company layoff statistics.

Update (02-04-2009): Cisco Systems: Possible large (up to 10 percent) jobs cut in 2009

Update (02-24-2009): Rumor: “1800 More just got laid off at Cisco”, Austin, TX

Update (02-25-2009): Cisco Confirms Global Job Cuts

Update (03-12-2009): Cisco quietly downsizing through outsourcing

*WARNING: We cannot guarantee the accuracy of information as it is only an individuals point of view. We will investigate and/or omit any complaints of inaccuracy.

December 5, 2008

Facebook Delays Plan to Let Employees Sell Stock

According to WSJ: “Facebook Inc. is delaying a previously announced program to allow employees to sell some of their shares in the privately held company, citing the “incredibly difficult” global economy.”

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