Tag: layoffs

News site reports Cisco to lay off 14,000 staff, 20 percent of workforce

News site reports Cisco to lay off 14,000 staff, 20 percent of workforce

Written by on August 17, 2016 in News with 0 Comments

(Reuters) – Cisco Systems Inc is laying off about 14,000 employees, representing nearly 20 percent of the network equipment maker’s global workforce, technology news site CRN reported, citing sources close to the company. San Jose, California-based Cisco is expected to announce the cuts within the next few weeks, the report said, as the company transition […]

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Sprint losses widen, massive layoffs inevitable

Sprint losses widen, massive layoffs inevitable

Written by on May 3, 2016 in News with 0 Comments

(Reuters) – Sprint Corp on Tuesday reported a wider quarterly loss and added fewer subscribers than expected, but vowed to cut more than $2 billion in costs in the current fiscal year to stop the red ink. Sprint shares, which had fallen about 4 percent so far this year, jumped as much as 5.7 percent […]

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Job cuts at Yahoo could signal bigger changes to come

Job cuts at Yahoo could signal bigger changes to come

Written by on January 7, 2016 in News with 0 Comments

(Reuters) – Yahoo Inc is working on a plan to cut its workforce by at least 10 percent and it could start the process as early as this month, Business Insider reported, citing sources. “We are not confirming this rumor or commenting further”, Sarah Meron, a spokeswoman for Yahoo told Reuters on Thursday in an […]

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Twitter plans layoffs this week: Re/code

Written by on October 12, 2015 in Snippets with 0 Comments

(Reuters) – Twitter Inc is planning company-wide layoffs this week, technology news website Re/code reported on Friday, citing sources. The news comes after Jack Dorsey was appointed permanent chief executive last Monday. It is unclear how many of Twitter’s staff will be laid off, but it is likely it will affect most departments, Re/code said, […]

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Microsoft planning more layoffs to cut costs

Microsoft planning more layoffs to cut costs

Written by on July 8, 2015 in Snippets with 0 Comments

(Reuters) – Microsoft Corp, the world’s largest software company, plans to announce a new round of layoffs as early as Wednesday as it tries to cut costs further, the New York Times reported. The latest job cuts are in addition to the 18,000 jobs it planned to cut a year ago, the newspaper said, citing […]

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