Silicon Storage Technology, the Sunnyvale maker of flash memory, said it is in the process of cutting 120 employees, or 17 percent of its staff, according to a filing it made Friday. The action is being taken “to streamline the organization going forward” so as to “to reflect changes in anticipated levels of business.” (SJ [...]
French investment bank Natixis said Friday it will shed around 840 jobs by the end of 2009 and slash riskier activity such as trading with its own cash as part of a shake-up of the entire bank.
Among the measures being taken are an end to all proprietary trading in credit and structured credit, where the [...]
Ad industry holding company Omnicom Group is prepping to lay off nearly 5 percent of its 70,000-person global workforce, per AdAge. The trade pub’s unidentified sources would not confirm which divisions or agencies would be affected by the cuts?which could ultimately affect 3,500 workers?but BBDO is expected to take a large hit, given that it’s [...]
Just in time for the holidays, it’s Tickle Me Layoffs. Western Digital is cutting loose 5% of its workforce — that’s 2,500 more people who’ll be staying home against their will. (Engadget)
MA-based technology media publisher TechTarget (NASDAQ: TTGT) said in an SEC filing Thursday that it plans to cut costs by laying off 76 employees, or about 12 percent of its total workforce. (Xconomy)
Hutchinson Technology Inc., a supplier of suspension assemblies for disk drives, announced Tuesday it will lay off 20 to 25 percent of its work force, affecting anywhere from 900 to 1,125 employees.
Employees not affected by the layoffs will be subjected to a 5 percent pay reduction. The work force and pay reductions, expected to be [...]
ATD is running an internal memo from RealNewtorks:
Today, we’re implementing a reduction in force affecting about 130 employees, representing about 7.5 percent of the company’s work force. This is a world-wide initiative; about one-third will be in Seattle, approximately another third in other U.S. locations, and the rest outside of the U.S. This is roughly [...]
This is bad news for companies who have a revenue model based on Google Adsense. We’ve heard from several sources that Adsense commissions are down with advertisers paying less across the board.
But revenue growth has slowed dramatically over the past year. Products such as Google Checkout, a Web payment service, and Google TV Ads, [...]
I don’t see how in the rush to profitability, they are going to avoid a round of lay-offs in the near-term. A decline in advertising also significantly impacts Digg as it is their primary source of revenue. Lots of spin from the Kevin Rose companies these days.
Not anymore. In an interview with BusinessWeek, [...]
EnteroMedics Inc., considered one of the most promising local med-tech start-ups in recent years, said Monday it is laying off about 18 percent of its workforce.
The Roseville-based company, which is developing a pacemaker-like device to treat obesity, said the workforce reduction will help pare expenses and involves only positions that would have been underused in [...]
