lay-offs
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AMD hacks another 1100 employees, cuts executive salaries by 20%
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
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
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]
Microsoft preparing for new layoffs?
A new report from Fudzilla claims that Microsoft is getting ready to lay off 15,000 employees, or about 17% of its worldwide staff. The axe will apparently fall on January 15th, exactly one week before its second quarter earnings report, and they expect MSN division to be hit hardest, while the successful Xbox crew will probably make it out relatively unscathed. Meanwhile, an anonymous blogger who goes by the name Mini-Microsoft and claims to be an employee well-versed in the goings-on inside the company has been fielding questions from other purported Microsoft workers on recent cutback concerns. This past Monday he posted a handful of anonymous comments saying that the rumored layoffs aren't happening -- at least not in January -- although a re-organization might be in the cards. Both reports should be taken with a grain of salt, but one thing's for certain -- Windows 7 is gonna rule.[Via Joystiq]Read - Fudzilla reportRead - Mini-Microsoft
Motorola hastens layoff plans, axes 400 earlier than anticipated
The words "job security" and "Motorola" haven't coexisted in a non-sarcastic manner for quite some time, and things just seem to be deteriorating by the day. Not even two full months after the flagging company announced that 3,000 employees would be sent packing, a new Reuters report has it that the axing process in Q4 will be accelerated. Specifically, some 1,900 (versus 1,500 as originally predicted) will be cut in an attempt to save $800 million in 2009, though there's no word on how damaging the inevitable productivity losses will be given the markedly low morale. To no one's surprise, most of the Q4 cuts will be in the mobile devices segment; we're beginning to think Sad Moto Face™ here will never, ever vanish.[Via UnwiredView]
Sharp closing down two LCD panel production lines, hacking 380 jobs
It's not pulling a Sony or anything, but even Sharp has been unable to absorb the downturn in flat-panel demand. We already knew that the firm was looking to scale back production by as much as 10% from the middle of this month, and our deductive reasoning skills are leading us to believe that this is the cutback we've been expecting. The outfit will be closing down two LCD panel production lines in Japan in order to "move production to a newer and more cost-efficient plant as the global downturn hits demand for electronic goods." Along with the closings will come 380 job cuts -- all temporary workers -- which will presumably be sent home when the lines halt for the final time in January.
Analyst predicts "significant" job cuts in January, possible price drops for Sprint
Not even a month after Sprint began offering voluntary buyout packages to an unspecified number of employees and just weeks after John Garcia decided it best to extend his Thanksgiving holiday into forever, in flies an analyst report asserting that sweeping layoffs are just around the bend. Pali Research's Walter Piecyk also expects the carrier to reduce prices to pick up lost ground to rivals AT&T and Verizon Wireless. A company spokesman proclaimed that "nothing was off of the table" and that "every option" would be scrutinized, but as of now, no decisions have been nailed down around the 2009 budget plan. Better get on that, wouldn't you say?[Via CellPhonesMarket]
Tesla Motors burns out another as Darryl Siry signs off
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]
Modu reportedly lays off around 25% of its employees
Who's praying now, Modu? The once cocky and altogether promising handset maker has apparently fallen on tough times, with a recent TalkingMobile report suggesting that around one-quarter of its staff (including a few executives) has been told to head home. The reason? Aside from the obvious "the economy" cop out, the company has also been hit hard by launch delays and the inability to land a carrier partner willing to shell out for promotions. Granted, this is far from the end of Modu -- there's still cash to be burnt and avenues to walk down, but we'd probably skip over it when sending out job applications right now.[Via IntoMobile]
Palm axes an undisclosed amount of employees, sort of blames itself
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
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
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]
Fury not dead, just on life-support
Last week we reported on a widespread rumor that, due to Fury's commercial flop, Australian developer Auran was going to be the subject of a big lay-off, and that a significant chunk of Fury's development going forward was going to be out-sourced to China. Auran CEO Tony Hilliam recently addressed these concerns, and his comments were posted on Auran's official forum.While promising to revolutionize the way PvP in MMOs works, critics have lampooned the game for its muddled combat, and the fact that it only loosely qualifies as an MMO in the strictest sense. Interestingly, though Hilliam tries to take an upbeat tone in his remarks, he really doesn't deny any of rumors he claims to be debunking, saying, "The future will focus on a smaller, more agile core team of Fury developers." That's fairly transparent executive speak for "all non-essential personnel are being laid off." He also confirmed rumors that much of the future development is being out-sourced to China.Perhaps the only solace for these non-essential Auran developers is that neighboring Aussie developer Tantalus is looking to snatch a few of them up to help develop DS and Wii titles. That's at least one bit oh holiday kindness, amidst a pile of bad news.
Get laid off, give back the iPod says National Semiconductor
Remember a few weeks ago we wrote about National Semiconductor raking in the dough and handing out iPods to all their employees? Well, it looks like those iPods weren't a reward after all, but rather company equipment. National Semiconductor laid off 35 factory workers, which is odd given their huge profits but welcome to the 21st Century I suppose. Anyway, not only did these people lose their jobs but on the way out National Semiconductor said, 'Ah, yes and we'll be needing those iPods back, thanks!'That's right, the iPods, according to the company, weren't gifts but rather company hardware. Sadly, many employees didn't know that and gave the iPods away, or sold them. Worry not laid off folks, you can just pay National Semiconductor $300 and they'll call it even.Thanks, Anne.
