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Sony to shutter Japanese TV plant as part of restructuring efforts

by Darren Murph posted Jan 21st 2009 at 10:44PM

Hey Sony -- we know that experiencing your first annual operating loss in 14 years calls for drastic measures, but this is bordering on downright rash. Barely a month after announcing that 16,000 employees would be axed, Sony has now revealed plans to close one of its two television plants in Japan and rid itself of 2,000 domestic full-time jobs as it attempts to "revive its electronics business." Of note, it's stated that those 2,000 -- which seem to be a part of the previously mentioned 16,000 figure -- will be shed via "early retirement and other programs." Just think what a 40-inch XEL-1 would do for business. No, seriously Sony, just think.

[Image courtesy of DigitalWorldTokyo]

AMD hacks another 1100 employees, cuts executive salaries by 20%

by Darren Murph posted Jan 16th 2009 at 1:08PM

Barely two months ago we found that another round of layoffs would land 500 employees at AMD without a job. Now, we're hearing that the chip maker is looking to scale down its workforce by another nine percent, which means that around 1,100 positions will be vacated in Q1 2009. Also of note, the arguably overpaid Executive Chairman Hector Ruiz and his buddy Chief Executive Dirk Meyer will each see "temporary" (what, like a day?) 20 percent cuts in base salary. Oh, and in case you needed a little more doom and gloom with your wine and cheese, the outfit is also suspending its 401(k) company match. Awesome.

[Image courtesy of DavidWSmith, thanks Spencer]

Logitech axes 15% of salaried workforce as it restructures

by Darren Murph posted Jan 6th 2009 at 9:35AM

Logitech may be bringing the heat at CES, but that doesn't mean it's not feeling the pinch. Alongside a few new pieces of kit, the outfit has also announced that it will be undergoing a serious restructuring as it moves forward. According to president and chief executive officer Gerald P. Quindlen: "During the December quarter, the retail environment deteriorated significantly, and moreover, we expect the economic environment to worsen in the coming months and we are therefore taking significant actions to align our cost structure with what is likely to be an extended downturn." Sadly, those "actions" involve sending home some 15% of its salaried workforce worldwide, and it's expecting the savings from all of this to show in Q1 of fiscal year 2010. Ouch.

Creative axes 2,700 jobs, simultaneously lowers expectations for Zii

by Darren Murph posted Jan 4th 2009 at 3:35AM

While the hype is bubbling over surrounding Creative's Zii "stemcell computing," the outfit obviously doesn't think whatever it is will turn things around. Instead, it has chosen to cut some 2,700 jobs -- nearly half of its workforce -- as "demand for its music players tumbled." According to a report filed to Singapore's stock exchange on December 31, 2008, the company had 3,100 full time employees at the end of June 2008, which is around 47% lower than what was posted a year prior. 'Course, we suppose the cuts aren't all that surprising after posting a net loss of $19.7 million on the lowest revenues in five years, but it still makes us wonder just how confident the company is about this whole Zii dealio.

[Thanks, Grayson]

Tesla Motors burns out another as Darryl Siry signs off

by Darren Murph posted Dec 2nd 2008 at 3:40PM

Apparently the fear of snapping up another job after ditching the green fields of Tesla Motors isn't on Darryl Siry's mind, as the SVP of Marketing and Sales has publicly admitted to leaving the company over "disagreements in strategy." The news comes but 1.5 months after Elon Musk made himself CEO and told a few others to stay happy elsewhere, and while Darryl's replacement wasn't directly named, Siry does outrightly state that he has only remained on this long to recruit "a very strong successor." The best part of his farewell? This gem: "So what now? I have no immediate plans but look forward to exploring various opportunities that I find out there." Translation? I'm so loaded after my stint in this place, it doesn't even matter, holmes.

[Via Autoblog]

Palm axes an undisclosed amount of employees, sort of blames itself

by Darren Murph posted Nov 21st 2008 at 11:03PM

My, my -- how's this for truth in advertising? Palm InfoCenter has confirmed with a Palm spokesperson that the flagging outfit will be laying off an undisclosed amount of employees as the economy worsens and the firm attempts to keep that final nail from being slammed down on its coffin. According to the spokesperson, the company will undergo a certain amount of restructuring (sound familiar?) that will "result in company reductions in the US and internationally." Incredulously, the statement also included this gem: "The global economic downturn continues to dampen demand for consumer goods around the world, and the impact on the economic environment is worsened by our maturing Centro line and the length of time it is taking to ramp our new Windows Mobile products." We won't say for sure that it's actually taking some of the blame here, but it sure sounds like it. Now, if only it would take charge of its future...

[Image courtesy of DayLife]

SanDisk likely to cut 15% of staff as it downsizes

by Darren Murph posted Nov 6th 2008 at 10:15AM

According to unnamed industry sources, SanDisk is primed to fire up to 15% of its staff, which would amount to around 450 to 500 employees. The purported cuts will be made as the company downsizes in order to cut costs, hot on the heels of a $155 million Q3 loss and sales that have sunk by 21% year-over-year to $281 million. Call us crazy, but we get the feeling this won't be the last story we hear over the next few months that ends with dutiful workers being sent home.

[Image courtesy of Semiconductor]

Axe falls again at AMD, 500 more employees laid off

by Darren Murph posted Nov 6th 2008 at 8:32AM

Merely seven months after AMD hacked 1,600 employees from its roster, we're seeing 500 more head for the exits. The latest round of layoffs at the Sunnyvale-based chip maker amounts to 3% of its global workforce, and according to spokesman Michael Silverman, the "headcount reduction is part of the company's efforts to reduce [its] cost structure." The firings come a month to the day after a breakup was announced, and they'll affect every division of the company save for the manufacturing operations -- which are, in fact, precisely what's being spun off. Just another day in paradise, eh AMD?

[Via MarketWatch]

Pioneer forecasts even wider net loss, names new president

by Darren Murph posted Nov 3rd 2008 at 4:35PM

As the flagging economy wreaks havoc on just about every mega-corp out there, the latest to publicly admit to being affected is Pioneer. After posting a rather significant loss earlier this year, the company is now guiding to a wider-than-forecast net loss of ¥78 billion ($789.9 million) for the year to March 31, blaming the surging yen and the slowing economy. The company is scheduled to nix its unprofitable plasma-panel operations by February and slash 2,000 jobs this fiscal year in order to counter the bleeding, and it looks as if former president Tamihiko Sudo is one of the first bigwigs to fall. As of November 16th, Susumu Kotani (pictured right) will take over that role, though we can't imagine he's looking forward to grabbing the captain's chair in such a turbulent environment.

[Via PC World, image courtesy of DayLife]

Dash cuts 50 employees, drastically changing business model

by Darren Murph posted Nov 3rd 2008 at 1:02PM

It's hard to say if Amazon's recent fire sale of the Dash Express was an indicator of all this, but Dash is making some serious changes, regardless. Reportedly, the outfit has slashed 50 employees -- or around two-thirds of its workforce -- which will leave 30 workers who will operate primarily in engineering and support. According to now-CEO Rob Currie (who has replaced founder Paul Lego by Lego's choice), Dash "wanted to launch its device in the retail channel, but the economic changes made it rethink its business focus." To that end, Dash will actually cease making and selling its own hardware, and instead it will "license its platform to makers of automobile on-board navigation systems, smartphones, netbook-style mobile internet devices and other consumer electronics." So, what does it all mean? It could mean that the connected Dash platform is on the way to an automobile or cellphone near you, but we suppose only time will tell. As for existing Dash owners? Continued software updates and an online Dash Driver Network has been promised.

Motorola to layoff 3,000 employees, most of 'em in handset division

by Darren Murph posted Nov 2nd 2008 at 7:20AM

To be honest, we were surprised that we didn't hear this number along with the other doom and gloom professed during Motorola's Q3 earnings call, but the writing was very clearly on the wall. As part of the mentioned $800 million expenditure cut planned for 2009, 3,000 (more) of Moto's employees will be looking for work elsewhere. According to an unnamed spokeswoman, a "little over two-thirds of those layoffs [will be] in the handset division." And just think -- if Moto would only use all those hands to get an Android-powered phone out before "entirely too long from now," maybe these cuts wouldn't even be necessary. Maybe.

Sony Ericsson laying off 450 employees in Research Triangle Park, NC

by Darren Murph posted Sep 29th 2008 at 12:45PM

"Planned" and "executed" are two very different things, and while we knew Sony Ericsson was mulling the idea of hacking 2,000 jobs, the hammer has finally fallen in Research Triangle Park, NC. The company will soon be axing 450 employees at its North American headquarters as part of a large reorganization, with most everyone knowing by the week's end whether they'll stay or go. According to Aldo Ligouri, Sony Ericsson's head of global communications and public relations, the RTP cuts are "part of company-wide changes that Sony Ericsson announced in July," and in whatever context, he added that "this is our map of how we see things moving forward." Just to put things in perspective, the outfit only has about 750 workers in the North Carolina-based facility, which is primarily seen as an R&D hub. Tough news to hear, no matter how you spin it.

[Image courtesy of Flickr]

HP making changes within Voodoo?

by Darren Murph posted Sep 23rd 2008 at 1:17AM

Here's a curious one -- merely months after HP essentially revitalized the Voodoo brand and cranked out the undeniably sexy Envy 133 laptop / Omen desktop, in flies word that the branch may be broken in the foreseeable future. In response to rumors that the Voodoo PC division would be canned entirely, Rahul Sood (yeah, the same guy that pimped an undisclosed new gizmo barely a week ago) stated that "HP is working on a plan to better leverage its existing resources to bring Voodoo products to market faster and make them more accessible to consumers." An HP spokeswoman was also quoted as saying that "[it] continually assesses and re-balances the size of its work force relative to the business environment and market conditions." In other words, no one is denying nor confirming the whispers, and while we have our own suspicions about what that means, we'll let you make of it what you wish.

[Via CNET]

Nokia to pay German state ?1.3 million to settle Bochum dispute

by Darren Murph posted Jul 28th 2008 at 10:24AM

Germany wanted $6.2 million in research subsidies back from Nokia, and in addition to the "tens of millions" that the company has already relinquished after the highly-disputed Bochum plant closing, it'll be coughing up another €1.3 million ($2.04 million) to hopefully close the door on the matter. Said payment will be addressed to North Rhine-Westphalia, which was quite angry after the handset maker decided to hack 2,300 jobs from Germany and relocate operations to Romania for "lower labor costs." The sum here is in addition to the €20 million "Growth for Bochum" foundation that the outfit started, but apparently that show of goodwill didn't really change the hearts of those already bitter.

[Via PhoneScoop, image courtesy of Reuters]

Sony Ericsson sees net profits fall 97%, looks to cut 2,000 jobs

by Darren Murph posted Jul 18th 2008 at 1:32PM

Sony Ericsson warned the world just over a fortnight ago that things wouldn't be too rosy when it came time to announce Q2 results, and rosy things are not. Even though the handset maker was hoping and praying to break even at the end of the quarter, net profits ended up falling through the floor to the tune of 97%. As predicted, weak sales of mid-to-high-end mobiles were blamed for the bulk of the bad news, and it did affirm that conditions would remain rough for the rest of the year. Granted, the looming launch of the Xperia X1 should help matters a bit, but without a new stable of low-end cellies to send to emerging markets, it'll be a long road back to the top. Unfortunately, SE's sagging position in the market has left it slashing 2,000 jobs across the globe, though it didn't say exactly where the cuts would be made. It's okay SE, there's only one place to go when you're laying on the bottom... or something like that.

[Image courtesy of Flickr]

Read - Sony Ericsson's Q2 earnings
Read - Sony Ericsson plans job cuts