HP has just announced a "multi-year productivity initiative" that will see 27,000 employees leave the company: eight percent of HP's workforce, which numbered 349,600 in 2011. The goal of the Continue reading…
The most recent organizational shift announced by T-Mobile USA CEO Philipp Humm to his employees this week will result in a net loss of 350 jobs, the company says today. It had been previously Continue reading…
T-Mobile USA CEO Philipp Humm had previously announced a round of layoffs with a net loss of some 1,000 jobs back in March, and the company's restructuring continues today with another memo sent to Continue reading…
We'd heard earlier this week that RIM was hiring a pair of banks to lead efforts to license the BlackBerry OS platform, but things may be a bit more dire than that. Reuters reports that the company Continue reading…
How do you fix a problem like Sony's chronically ailing TV business? New company CEO Kaz Hirai reckons the answer lies in streamlining the number of products offered, by a full 40 percent during the Continue reading…
The rumors appear to have been true. As part of its "One Sony" restructuring under new CEO Kazuo Hirai, Sony has announced it will be cutting approximately 10,000 jobs over the 2012 fiscal year. In a Continue reading…
The Japanese Nikkei business daily is reporting that Sony is planning to cut its global workforce by 10,000 workers, or about 6 percent of its entire workforce by as early as the end of 2012. About Continue reading…
Kodak has won approval to borrow $950 million to finance its restructuring process, after filing for bankruptcy last month. The confirmation of the funding should allow the company to continue Continue reading…
The trouble that Sony and Panasonic find themselves in — being unable to break even from the sale of their traditionally popular TV sets — stems mostly from overwhelming price competition on the Continue reading…
WSJ is reporting that Sony's incoming CEO, Kazuo Hirai, says he will consider leaving businesses, reducing the company's workforce, and making other "hard decisions" if necessary. It's the latest Continue reading…
