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...Monday, March 21, 2011
Mitsubishi Digital Electronics America laid off about 170 workers on Friday, March 18. The company, which has its headquarters in Irvine, California, is a subsidiary of Japan based Mitsubishi Electric Corporation. The layoffs came as a result of it pulling out of the LCD TV business. The layoffs are going to occur in phases, and [...]
Continue reading...Saturday, March 19, 2011
Boeing gave layoff notices to employees that are part of its missile defense program on Thursday, March 17. The layoffs affected about 220 of its employees around the country, giving them 60 days notice to find other work. About 130 of the jobs affected were in Huntsville, Alabama, and 90 were at other locations that [...]
Continue reading...Thursday, March 10, 2011
Hutchinson Technology is planning a big consolidation that will affect hundreds of their local employees. Residents of the small town of Hutchinson, Minnesota, said that they knew that layoffs were a possibility. The company employs over 1,100 of the town’s 13,000 residents, and is planning on laying off approximately 600 of those employees starting March [...]
Continue reading...Tuesday, February 1, 2011
As part of its major restructuring plan, National Grid, announced plans to layoff over 1,200 manufacturing workers at its plant in Western New York. The Massachusetts-based multinational company said that it will concentrate its efforts on bolstering local performance, elevating customer service and delivering more efficient products to its clients. The job cuts are expected to [...]
Continue reading...Tuesday, February 1, 2011
The Kansas City Star plans to downsize its workforce by eliminating about 20 staff and slashing other similar positions at its office in Kansas City, Missouri in response to the industrywide recession. The newspaper said the cutbacks, which are expected to occur soon, are mixture of voluntary buyouts and layoffs. The Star said that impacted staff will [...]
Continue reading...Tuesday, January 4, 2011
MySpace, a California-based social networking website turned social entertainment hub, is about to slash over 50% of its workforce due to the company’s continuous sales decline said industry observers. Various sources revealed that the social networking company is now exploring strategic solutions that may result in the elimination of over 500 staff from its 1,100 [...]
Continue reading...Thursday, December 30, 2010
Japan Airlines, a Tokyo-based international and domestic airline, revealed its plan to slash about 170 jobs by the end of 2010 in line with its restructuring scheme following its bankruptcy filing in January. By March 2011, the airline company aims to cut its workforce by a third as it reduces operations due to the decreasing [...]
Continue reading...Wednesday, December 29, 2010
Motricity, a Washington-based provider of integrated mobile data solutions for mobile devices, axed 12 workers at its Durham, North Carolina headquarters on Monday in line with the company’s restructuring plan. However, the wireless technology company gave assurances that the Durham office will continue its operation and will remain open. Jennifer Morgan, Motricity spokeswoman, said that [...]
Continue reading...Wednesday, December 29, 2010
Walt Disney Co., the world’s largest media and entertainment company, announced a plan to slash about 14 jobs from its theme-park division as part of the companywide major restructuring scheme. Almost a quarter of the jobs from the Walt Disney Parks and Resorts are slated for cuts beginning in January 2011. The company said that [...]
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Tuesday, April 12, 2011
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