In a move that has been speculated on for months, Nokia announced today that in order to cut costs by $1.46 billion, it will outsource its Symbian software and cut 4,000 jobs. Earlier estimates, such as this one, were that 6,000 jobs would be cut. The cuts come as a result of Nokia reaching an [...]
Continue reading...22. April 2011
Global defense company BAE Systems is laying off 600 employees at its location in Sealy, Texas. The layoffs come as a result of 17 year old contracts coming to an end as well as a smaller budget for defense. The company is also trying to control its costs and keep its competitiveness in the marketplace. [...]
Continue reading...21. April 2011
AT&T announced on April 20 that it reduced its workforce by 5,900 in the first quarter of 2011. The layoffs came in part because of a 3.2% drop in the company’s landline business. According to company spokesman, Marty Richter, “Reduction in headcount was due to a number of factors including normal attrition and surpluses in [...]
Continue reading...18. April 2011
There are plans to cut roughly 70 jobs at the San Antonio Branch of the Federal Reserve Bank of Dallas, which should happen by the end of the year. The layoffs will begin on June 24 of this year and go until the end of the year. The workers that will be affected in these [...]
Continue reading...15. April 2011
Banks across the country have been laying off mortgage workers because of the dwindling home-loan market in the U.S., and now Bank of America is joining in the fray, according to a report on April 14 by the LA Times. Bank of America, which is based is Charlotte, N.C., is laying off 1,500 of its [...]
Continue reading...13. April 2011
With a Microsoft partnership in the near future, employees of Nokia Oyj are preparing themselves for what could be huge job cuts of as many as 6,000 jobs, which would be 38 percent of Nokia’s research and development workers. If these jobs end up getting cut, it would be the biggest cuts the company has [...]
Continue reading...12. April 2011
After purchasing the Flip Video unit from company Pure Digital in 2009, Cisco Systems, which is based in San Jose, announced today that it would be shutting down the Flip Video unit to try and focus itself on a more narrow range of products. As a result of closing down this part of its business, [...]
Continue reading...8. April 2011
On Thursday, April 7, Wells Fargo & Co. said that it gave 60 days notice on March 23 to 1,900 of its employees, informing them that they were being laid off. The majority of the employees processed mortgage applications. Home lending has slowed down in recent months, which is the reason for the recent layoffs. [...]
Continue reading...5. April 2011
Six education groups held a press conference on Monday, April 5, and predicted that Iowa Governor Terry Branstad’s freeze on state spending for Iowa schools will make it necessary for schools to layoff more than 1,500 employees. The six groups include: Area Education Agencies, the Iowa Association of School Boards, the Iowa State Education Association, [...]
Continue reading...1. April 2011
Residents of Boca Raton and Orlando, Florida are facing layoffs from Teleperformance, a global call center company. The company is laying off 860 in Boca Raton and 363 in Orlando, and the layoffs will go into effect on May 31 of this year. The Boca Raton layoffs involved the following workers: 747 customer service representatives, [...]
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27. April 2011
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