Quantcast

Layoffs Back: Verizon 13K, Sam’s Club 11K

January 27, 2010

Tweet The other day Wal-Mart announced 11-12K layoffs at its Sam’s Club unit. Yesterday we got word that Verizon is planning on laying off roughly 13,000 employees in 2010. This comes on the back of some pretty significant cuts it made in 2009. And today Home Depot is announcing 1,000 layoffs. …and there will be […]

Read More >>

Applied Materials May Cut Up To 15% of Workforce

November 11, 2009

Tweet Three analysts are expecting Applied Materials (AMAT: 24.89 -0.48%) to make further cuts to its headcount, cuts which could amount to 15% of the company’s 12,600 or so employees. The Santa Clara company manufactures equipment for the production of semiconductors, an industry that is suffering from sharp declines in CapEx spending. The company also […]

Read More >>

Adobe Cuts 680 – 9% of Workforce

November 10, 2009

Tweet Adobe Systems (ADBE: 74.45 -0.59%) has confirmed reports of layoffs by filing an 8-K with the SEC. The final cuts are 680 full-time employees, which amounts to about 9% of the company’s workforce, with a large number of cuts being here locally in the valley.

Read More >>

Adobe Reportedly Laying Off 15%

November 10, 2009

Tweet Reports are circling around the web that San Jose-based Adobe (ADBE: 74.45 -0.59%) is having layoffs today. Some (unconfirmed) reports put the number at up to 15% of staff (this likely includes contractors). We will be hearing of deals getting done over the next few quarters, some fairly big, but the thing to keep […]

Read More >>

Electronic Arts To Slash 1500 Jobs

November 10, 2009

Tweet Redwood Shores’ Electronic Arts (ERTS: 0.00 N/A) has announced that it will be cutting about 1500 additional jobs. These jobs cuts come on top of about 1100 jobs in February of 2009 cut in and 600 in October of 2008. The company recently bought its headquarters in Redwood Shores for some $233M.

Read More >>

Nokia Siemens Laying off 4,500 to 5,700

November 3, 2009

Tweet Nokia Siemens Networks, a 50-50 JV of Nokia and Siemens announced that it will be looking to cut costs and as part of that effort will look to lay off up to 5,700 employees globally out of its 64,800 person workforce.. The company has a presence locally in Mountain View. [via PR]

Read More >>

Johnson & Johnson to Cut 8500 Globally

November 3, 2009

Tweet Johnson & Johnson (JNJ: 105.55 -1.18%) announced that it will be cutting about 7%, or about 8500 of its global workforce. The company has tentacles everywhere, so the cuts most likely won’t hit one market particularly hard, but nonetheless underscores some of the weakness in the sector. Two weeks ago, Pfizer announced that it […]

Read More >>

Toyota Announces Decision to Shut Down Fremont NUMMI Plant

August 27, 2009

Tweet In another blow to the local economy, Toyota’s board has made the decision to shut down NUMMI, the car manufacturing plant in Fremont. Toyota has indicated that it will halt production at the facility in March of next year. The plant employs about 4,000 employees. Factor in the multiplier effect of such a vast […]

Read More >>

MySpace/Fox Interactive Highlights Trend

June 5, 2009

Tweet We’ve been saying for some time that office vacancy will continue to climb for sometime even if the employment numbers begins to stabilize. Despite all their efforts to be proactive, most companies are reactive to economic conditions when they are deteriorating. As a result, we see companies continuing to go deeper when considering cuts […]

Read More >>

Yahoo! To Cut 700 More

April 21, 2009

Tweet Yahoo! (YHOO: 50.88 -0.06%) released earnings today, and they fell short of expectations. In addition, the company announced that it will be cutting an additional 5% of the workforce, or about 700 people. These job cuts would be on top of the 2,500 cuts they made last year. The company has already retrenched from […]

Read More >>
Page 1 of 612345...Last »