Sprint’s just announced that they’ll be saying goodbye to 8,000 of their workers during the first quarter of 2009. This workforce reduction is partly because “Sprint has seen a notable reduction in calls per subscriber to customer care and increased customer satisfaction resulting from customer service improvements.” Of course I guess this reduction in customer [...]
Another big round of layoffs is expected at Starbucks, possibly 1,000 people — a third of its headquarters employees — and some district managers and field employees, according to an e-mail sent to a stock brokerage’s customers Friday.
“The cuts might be next week or in February,” wrote Diane Daggatt, a managing director at McAdams Wright [...]
Owen Thomas at Valleywag has some edgy but accurate analysis of Digg’s recent layoff announcement. We’d have to agree that Digg is quickly losing relevancy in the Web 2.0 world. While we were once addicted to Digg, we’ve now removed Digg front page items from our RSS feed. Too much noise, too [...]
IMB Cuts
Intel closures
That, Mr. Gates, is the sound of inevitability.
With profits tumbling 31%, Ericsson just announced its intent to shed 5,000 jobs across the globe (1,000 in Stockholm). The loss resulting from a “dramatic drop” in contributions from its Sony Ericsson joint venture. The 5k figure represents about 6% of Ericsson’s 79,000 employees. (Engadget)
Bose Corp., known for its high-end audio equipment, is cutting 1,000 jobs – about 10 percent of its work force, the privately held company announced today. (Telegram)
Finnish engineering company Metso Corp. (MEO1V.HE) Monday said it may cut up to 2,700 jobs from its workforce of 28,000 due to falling demand.
The company, which supplies technology for the mining, power generation and paper industries, said it will start talks with staff about cutting 900 to 1,200 jobs in its Finnish units serving [...]
Extensive layoffs are on the way for radio and outdoor advertising giant Clear Channel. The Wall Street Journal’s web site says they expect Clear Channel to layoff about 1500 employees nationwide later in the week. That’s about 7-percent of its workforce. (ABC)
ConocoPhillips could lay off about 1,300 people this year under a planned 4 percent reduction in its worldwide work force that was announced Friday.
CEO Jim Mulva cited lower commodity prices and the crippled credit market for the Houston-based oil giant’s cutback plan.
“We are positioning ourselves in the business environment to live within our means in [...]
Hertz Global Holdings Inc said on Friday that it would cut more than 4,000 jobs in a worldwide restructuring through the first quarter due to falling demand, and the car rental company’s shares fell nearly 9 percent.
Hertz expects annualized savings of $150 million to $170 million in 2009 from the job cuts, it said. It [...]
