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.
According to Channel Web: “Cisco Systems (NSDQ:CSCO) confirmed to Channelweb.com that it has eliminated a number of positions in the U.S. and abroad as part of its realignment and restructuring initiative that will chop $1 billion out of its operating budget throughout fiscal year 2009.
Cisco would not confirm on Wednesday how many positions were cut. Sources, however, said employees started receiving notifications on Tuesday, and roughly 250 of the positions eliminated were based in San Jose, Calif. Overall, sources said, the number of employees affected was fewer than the 1,500 to 2,000 that Cisco CEO John Chambers hinted at on the company’s earnings call for the second fiscal quarter.”
According to CNNMoney: “The global economic downturn will continue to hammer computer networking giant Cisco Systems Inc., chief executive John Chambers said Wednesday.
In its current quarter, Cisco expects to see revenue decline between 15% and 20%, he said in a conference call with analysts.”
“We are not going to consider (layoffs) at this time,” chief executive John Chambers said. But he added, that if Cisco was forced to cut jobs, it would likely be a large cut of about 10% of its workforce.
According to CNBC: “Electronic Arts, based in Redwood City, California, said it would cut 1,100 jobs, or about 11 percent of its workforce, higher than the 1,000 it announced in December. It also plans to close 12 facilities as it narrows its product portfolio.”
~News submitted by upthecreek
“Coupons, Inc., the leading provider of interactive coupon marketing and technology solutions and owner of the Coupons.com DigitalFSI Network, has appointed Steve Horowitz as Chief Technology Officer.
Horowitz, 41, joins Coupons, Inc. from Google where he led the engineering team that built the Android mobile operating system and platform which launched with T-Mobile late last year. At Coupons, Inc., Horowitz will oversee all of the Company’s worldwide engineering, product management and technology efforts as it expands its digital coupons and promotions platform.”, according to the company press-release
According to WSJ blog: “Mr. Horowitz, remains enthusiastic about Android, which enables phones to run advanced entertainment and productivity services”
Google is laying off 100 recruiters and closing some engineering offices, as the downturn continues to take its toll. The layoffs, disclosed Wednesday in company blog posts, are a very rare step for Google, which said in October that it is still hiring, but much more cautiously. The company has also recently let go a significant number of contractors in areas ranging from public relations to engineering, according to Reuters and WSJ
Update 1 (1-14-2009): According to official Google blog: “Our first step to address this was to wind down almost all our contracts with external contractors and vendors providing recruiting services for Google. However, after much consideration, we have with great regret decided that we need to go further and reduce the overall size of our recruiting organization by approximately 100 positions.”
Update 2 (1-14-2009): Google’s Changes to Engineering in 2009
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.
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’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):
Update 5 (Jan 21, 2009):
Update 6 (Jan 22, 2008):
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. ~
According to BizJournals: “AMD said in a regulatory filing on Monday that it cut about 100 more jobs than it originally targeted, resulting in higher than expected restructuring costs in the fourth quarter.
The Sunnyvale chip maker (NYSE:AMD) said it reduced its work force by 600 and will see $70 million in costs related to that move, instead of the 500-worker cut with $50 million in costs originally announced in November.”
AMD also said it isn’t through, saying in the filing that “further cost reduction actions will result in additional charges in the first half of fiscal 2009, which the company cannot estimate at this time”, according to New Mexico Business Weekly
Update: So the rumor we published earlier regarding possible additional layoffs at AMD is confirmed.
According to Vallewag: “If you thought Google’s “dogfood” holiday gift was chintzy, check out what Yahoo employees got: $50. To donate to charity. Some others, though, are stuffing their stockings with a $10 million legal settlement.”
“The suit, Salsgiver v. Yahoo, has been settled and checks have been issued, with some plaintiffs getting $10,000 to $12,000, before tax, for their troubles. (One plaintiff tells Valleywag that 75 percent of the settlement came in the form of taxable salary, with the rest paid as a penalty.)”
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”.
According to Reuters: “IT services company Unisys Corp said Monday it will slash 1,300 jobs, or more than 4 percent of its work force, and suspend matching contributions to its U.S. 401(k) plan as it moves to cut $225 million in costs.
In addition, Unisys said it will forgo salary increases in most of its markets next year.
A company spokesperson said the job cuts would be worldwide but did not give further detail. The headcount reductions have already begun and will continue into 2009. Unisys also plans to consolidate facilities.”
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