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

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AT&T has announced plans to cut 1.5 percent of its workforce of 309,000. Sad times ahead for the company? Not quite. Apparently the 4600 jobs will be harvested from managerial spots in its flagging wired home phone business, so no worries, wireless types. Now here's where it gets interesting: word has it that AT&T also expects to hire back that same number of employees into the fold -- the wireless fold, that is -- keeping the total headcount nice and steady. We'd wager that we'll see more cuts like this in the coming months and years, so if you were pondering that job as a switchboard operator, time to retrain. So yeah, turns out it's business as usual for the number one carrier after all -- unless you happen to be in the 4600-strong group of obsoleted folks, that is.
It's one thing to put the kibosh on whispers of across-the-board layoffs; it's another to go and fire twice the amount rumored. Sure enough, a recent report from the AP notes that the California-based chipmaker is expecting to layoff 10-percent of its 16,000-person workforce by Q3 2008. Additionally, the outfit is trimming its sales outlook for Q1 due to "poor sales in all of its business segments," and as if that wasn't enough, it's expecting to "incur an [undisclosed] restructuring charge in the second quarter as a result of the layoffs." Ouch.
The tough times just don't seem to end at Motorola -- the company announced today that it's laying off another 2,600 workers, for a total of 10,000 positions eliminated since the start of 2007. That's on top of the various high-level executive departures that have been taken place lately, not to mention the company's plan to split off its mobile phone business, which will undoubtedly lead to more cuts down the line. The goal is to reduce costs by some $500M by the end of the year, and some of the jobs being lost come as Moto closes a factory in Singapore and a WiMAX development lab in Florida. There's no word on when the cuts are going to come, but here's hoping all these aggressive steps lead to a little vacation for Sad Moto here.
In a Macworld post-keynote interview with CNBC yesterday, Steve Jobs was pimping the iPhone's numbers since launch (over four million sold -- a number Wall Street didn't like, but what can you do?) between rants about the MacBook Air's qualities and, at some point, got on the topic of bringing the iPhone to China. The popular rumor over the last couple months has been that Apple had been working with China Mobile on making a launch happen but that talks eventually broke down. Here, Steve says that's simply not the case; a single rep from China Mobile visited the Apple campus all of once, and that's it. He'd love to bring the iPhone to the Far East (or so he says), but the fact remains that there aren't any heated discussions going on with the major players. At least, that's what Steve claims -- and as we all know, CEO reality can be very, very different from real reality.
We'll admit, even we're a bit frightened that immensely intelligent humanoid bots may one day oust us from these seats, but according to whispers going around at IBM's HQ, something just as momentous could be going down as early as this year. Shortly after Lenovo told 1,400 of its US-based employees to politely hop off the payroll, IBM's LEAN plan could call for over 100,000 American workers to be canned in favor of (surprise, surprise) hiring overseas. Already, the firm has laid off 1,300 employees in 2007, but according to a recent report, an ongoing "planning meeting" for how to handle the company's Global Services could eventually axe "up to 150,000 US jobs" while hiring cheaper labor in China and India. Interestingly, this news could actually be sweet music to Wall Street, at least in the short term, but we can't imagine how this logistical nightmare will ever bode well for Big Blue's future.






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