German semiconductor company Infineon on Friday said it would lay off 3,000 employees as part of a cost-reduction program to bring the company back to profitability.
The company blamed the layoffs on “adverse foreign exchange rate development and the requirements of the reorganization of the company,” saying that headcount reduction was “inevitable.” (PC World)
Sony Ericsson struggled to break even in the second quarter amid continued weak sales of mid-to-high-end phones and increased competition, and said it would cut costs.
The company Friday said second-quarter net profit fell to EUR6 million from EUR220 million a year prior due to slowing growth in mature markets, including Europe and the U.S. (CNN)
I don’t think this is really the type of bleeding edge they were shooting for:
Well, no wonder Hector Ruiz quit as the CEO of AMD earlier today — the chipmaker just announced its second quarter results, and they’re not good. In addition to an overall $269M operating loss, the company is taking an $876M charge [...]
Air Canada has confirmed it will lay off more than 630 flight attendants this fall in Vancouver, Halifax, and Winnipeg.
The bulk of the layoffs will be in Vancouver, where 300 flight attendants will lose their jobs. (Canada.com)
Sun Microsystems Inc. plans to lay off 212 people in Broomfield and Louisville by the end of September, and more cuts may be coming as part of a previously announced downsizing, state and company officials said Thursday.
The cuts represent about 8 percent of Sun’s 2,593 employees in Louisville and Broomfield. (Examiner.com)
Via GottabeMobile:
Motion Computing has announced another series of layoffs, their 4th in about a year, affecting 19 of their 120+ employees. Nine employees were layed off last week, with another ten being layed off yesterday. According to Mike Stinson, Motion’s VP of Marketing, this latest series of layoffs is due to sales numbers not being [...]
Perhaps pissing without hitting a Starbucks is a good thing:
Starbucks Corp. said Tuesday that it has drastically increased the number of stores it plans to close and could eliminate as many as 12,000 full- and part-time positions as a result. (MSNBC)
