redundancy

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  • NEW YORK CITY, UNITED STATES - 2020/02/20: T-Mobile 5G nationwide network advertisement seen in Midtown Manhattan. (Photo Illustration by Alex Tai/SOPA Images/LightRocket via Getty Images)

    T-Mobile offers an explanation for its twelve-hour outage on Monday

    by 
    Richard Lawler
    Richard Lawler
    06.17.2020

    T-Mobile's president of technology explains the outage that took out voice and text service for twelve hours on Monday.

  • Tesco

    Tesco Direct to close as it falls to other online retailers

    by 
    Rachel England
    Rachel England
    05.24.2018

    Online shop Tesco Direct -- the non-food outlet of British supermarket Tesco -- will close this summer. The store, which sells electronics, clothing, sports goods and video games has "no route to profitability" according to bosses. The site and its distribution center will close on July 9th, with 500 workers facing redundancy.

  • Microsoft plans 7,800 layoffs, $7.6 billion Nokia write-down

    by 
    Aaron Souppouris
    Aaron Souppouris
    07.08.2015

    After cutting its workforce by around 18,000 over the past year, Microsoft is readying another round of heavy layoffs. The company will cut 7,800 jobs over "the next several months." Many of the dismissals will come from Microsoft's phone business, which joined the company's newly formed "Windows and Devices Group" in June. As part of the merger announcement, Microsoft also revealed it would say goodbye to the last two major Nokia executives still at the company, Stephen Elop and Jo Harlow, in the near future.

  • Nintendo closing European HQ, laying off 130 employees

    by 
    Mike Suszek
    Mike Suszek
    06.06.2014

    Nintendo will close its European headquarters located in Großostheim, Germany, resulting in several redundancies in its workforce. The Wii U and 3DS manufacturer will cut 130 jobs in the process at various European locations and will consolidate its German HQ to Frankfurt. "Nintendo of Europe has entered into a consultation process on a number of changes it is intending to make to its European business which, in the long term, will better enable the European business to adapt to the rapidly changing business environment," Nintendo said in a statement to Games Industry International. The company posted a $229 million net loss last month in its financial results for the year (ending March 31, 2014). It shipped 6.17 million Wii U systems total as of then, well off its original projection of 9 million. "These intended measures have not been made lightly and have only been arrived at after thorough analysis and careful consideration," the company continued. "The intended measures will sadly have a direct effect on some of the employees based in the Großostheim and Frankfurt offices in Germany and would lead to the release of approximately 130 permanent employees." [Image: Nintendo]

  • Future publishing restructure resulting in loss of 170 UK jobs

    by 
    Mike Suszek
    Mike Suszek
    05.29.2014

    Restructuring at magazine publisher Future will result in the a loss of over 170 jobs in the UK, the publisher reported in its half-year financial results (ending March 31, 2014). Known for gaming publications like OXM, PC Gamer, CVG and Edge, Future announced its global plans to "refocus and simplify" at the beginning of the month. Future reported an increase in its normalized UK revenues by two percent to £41.5 million ($69.4 million), which accounted for 85 percent of the group's total revenue. Its normalized U.S. revenue was down 14 percent for the half-year to £7.3 million ($12.2 million). Part of Future's plans involves the sale of the company's sport and craft properties to Immediate Media for up to £24 million ($40.1 million). The sports magazines include Procycling, Cycling Plus and Mountain Biking UK, whereas the craft publications in question include both the UK and US Mollie Makes magazines, The Knitter and Simply Knitting. [Image: Future PLC]

  • Sharp reports 2,000 job cuts in Japan, more changes expected

    by 
    Jamie Rigg
    Jamie Rigg
    08.28.2012

    There was little doubt jobs would be on the line after Sharp's significant Q1 losses, but now it's official. Following a board meeting today, the company has joined the likes of RIM, Sony and HP, announcing the "voluntary retirement" of around 2,000 staff in Japan before the year's out. The layoffs are part of a wider, textbook reorganization plan, and are expected to cost a sizeable 27 billion yen (approximately $344 million). Neither figure is set in stone, however, so when everything is finalized we could see more jobs impacted and those costs soar. Whether this puts off potential investment from Hon Hai Precision Industry is unknown, but while Sharp's TVs get ever bigger, its wallet continues to get thinner.

  • Final Realtime Worlds employees let go, US branch also shutting down

    by 
    Griffin McElroy
    Griffin McElroy
    09.17.2010

    Though reports last week seemed to indicate that a buyer would swoop in at the last second and save the faltering APB developer Realtime Worlds, the studio has revealed that its remaining 50 employees have been terminated. Sixteen temporary positions are still active to finish shutting down the Dundee studio. The company's US branch, based out of Boulder, Colo., is facing a similar fate, letting go of 33 of its staff, leaving behind a skeleton crew to bring the branch to a close. A Realtime spokesperson told Develop that the studio is "now likely to apply for Chapter 7 Protection." Begbies Traynor, the firm responsible for the company's administration, is also under fire from a handful of sources both internal and otherwise. Develop reports that a number of ex-Realtime employees claim they've been denied their redundancy pay -- a claim which a Begbies Traynor spokesperson responded to by saying, "redundancy payment will be made in accordance with current UK legislation."

  • Rebellion accused of not paying dismissed employees

    by 
    David Hinkle
    David Hinkle
    05.10.2010

    Something's apparently rotten at Rebellion. Not only was the dev forced to shutter its Derby office doors back in March, but those ex-employees seemingly aren't getting their deserved cash. Develop reports that numerous sources have come forward, claiming they've never received their promised salaries or redundancy pay. Sources tell Develop that a few of the employees had been working there "for nearly 20 years" and are due large compensation packages. An even worse reality, one source posits, could result in Rebellion filing for bankruptcy -- which would mean that anybody due compensation could very well never receive payment. Grim stuff, for sure. Rebellion's Derby office effectively closed its doors back in March. Founding brothers Jason and Chris Kingsley could not be reached for comment as they're currently traveling.