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March 24, 2009

Today’s Hot Layoff Topics

Tags: Oracle | IBM | Microsoft | Cisco | AIG | Apple | H1B

March 18, 2009

IBM in talks to buy Sun Microsystems

According to Reuters, Yahoo News: “IBM is in talks to buy Sun Microsystems Inc for at least $6.5 billion, The Wall Street Journal reported, in a deal that could bolster their computer server products against rivals such as Hewlett-Packard Co.

That would translate into a premium of about 100 percent over Sun’s Nasdaq closing price Tuesday of $4.97 a share, the paper said, citing people familiar with the matter.”

Sun stock is down 71 percent in the last 52 weeks, a far cry from an all-time high of $258.75 that it touched during the dot-com boom. The company — which is shedding up to 6,000 jobs, or 18 percent of its workforce — reported a net loss of $209 million for its second quarter ended December 28, compared with year-earlier net profit of $260 million. Revenue fell 11 percent to $3.22 billion.”

January 22, 2009

Sun notifies 1,300 people of layoffs

Filed under: Sun,US — 7macaw @ 1:06 pm
Tags: , ,

Sun Microsystems Inc. officials confirmed Thursday that the networking and storage company has notified 1,300 employees they would be laid off as part of a previously announced workforce reduction.

The reductions stem from a Nov. 14 announcement of “a series of changes designed to align (Sun’s) cost model with the global economy and accelerate the introduction of compelling open source innovations,” spokeswoman Dana Lengkeek said in an e-mail Thursday.

The reductions were made across “all levels,” including vice presidents and directors, she said.

Source: Boulder Daily Camera

December 22, 2008

WARN: Layoff announcements in January – February 2009 in California Hi-Tech

According to California EDD WARN statistics, the following layoffs are scheduled for January – February 2009 in hi-tech companies with number of employees greater than 50:

ADOBE SYSTEMS INCORPORATED, Location: SAN FRANCISCO, Layoff date: 2/3/09, Employees affected: 75

CADENCE DESIGN SYSTEMS, INC, Location: SAN JOSE, Layoff date: 1/4/09, Employees affected: 245

NATIONAL SEMICONDUCTOR CORPORATION, Location: SANTA CLARA, Layoff date: 1/13/09, Employees affected: 151

PALM, INC, Location: SUNNYVALE, Layoff date: 1/19/09, Employees affected: 107

SANDISK CORPORATION, Location: MILPITAS, Layoff date: 1/11/09, Employees affected: 96

SEAGATE TECHNOLOGY LLC, Location: MILPITAS, Layoff date: 1/3/09, Employees affected: 48
SEAGATE TECHNOLOGY LLC, Location: MILPITAS, Layoff date: 4/3/09, Employees affected: 43

SHUTTERFLY, INC, Location: HAYWARD, Layoff date: 1/16/09, Employees affected: 70

SIEMENS, Location: LOS ANGELES, Layoff date: 1/30/09, Employees affected: 6

SIEMENS MEDICAL SOLUTIONS, Location: MOUNTAIN VIEW, Layoff date: 1/5/09, Employees affected: 2

SUN MICROSYSTEMS, INC
:
Location: SACRAMENTO, Layoff date: 1/5/09, Employees affected: 3
Location: SACRAMENTO, Layoff date: 1/18/09, Employees affected: 2
Location: EL SEGUNDO, Layoff date: 1/5/09, Employees affected: 1
Location: EL SEGUNDO, Layoff date: 1/18/09, Employees affected: 1
Location: IRVINE, Layoff date: 1/5/09, Employees affected: 4
Location: IRVINE, Layoff date: 1/18/09, Employees affected: 3
Location: MENLO PARK, Layoff date: 1/5/09, Employees affected: 19
Location: MENLO PARK, Layoff date: 1/18/09, Employees affected: 6
Location: PLEASANTON, Layoff date: 1/5/09, Employees affected: 5
Location: PLEASANTON, Layoff date: 1/18/09, Employees affected: 7
Location: SAN DIEGO, Layoff date: 1/5/09, Employees affected: 2
Location: SAN DIEGO, Layoff date: 1/18/09, Employees affected: 2
Location: SAN FRANCISCO, Layoff date: 1/18/09, Employees affected: 4
Location: UNIVERSAL CITY, Layoff date: 1/18/09, Employees affected: 1

SYMANTEC:
Location: CUPERTINO, Layoff date: 1/19/09, Employees affected: 55
Location: MOUNTAIN VIEW, Layoff date: 1/13/09, Employees affected: 38

VISHAY SILICONIX, Location: SANTA CLARA, Layoff date: 2/6/09, Employees affected: 97

VIRGIN MOBILE USA, Location: WALNUT CREEK, Layoff date: 1/1/09, Employees affected: 192

THE BOEING COMPANY:
Location: ANAHEIM, Layoff date: 1/1/09, Employees affected: 5
Location: ANAHEIM, Layoff date: 1/22/09, Employees affected: 2
Location: EL SEGUNDO, Layoff date: 1/1/09, Employees affected: 8
Location: EL SEGUNDO, Layoff date: 1/22/09, Employees affected: 3
Location: HUNTINGTON BEACH, Layoff date: 1/1/09, Employees affected: 19
Location: HUNTINGTON BEACH, Layoff date: 1/22/09, Employees affected: 42
Location: LONG BEACH, Layoff date: 1/1/09, Employees affected: 50

Source: California EDD WARN

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