Tag - Layoffs
Intel is cutting a significant amount of employees from its workforce, with the loss of up to 12,000 jobs. The announcement of layoffs affecting 11 percent of the processor maker's staff, with losses taking place around the world, is being billed as a "restructuring to speed its transition" into a company refocused on building its Internet of Things (IoT) and data center businesses, as it fights the effects of the PC market's continuing decline.
One of the companies who helped bring smart watches into the mainstream is preparing to lay off approximately a quarter of its staff, in order to save itself money. Pebble CEO Eric Migicovsky confirmed in an interview that the company will be letting go of 40 employees this week, and squarely blames the difficulty in raising more funds from venture capitalists as the main reason behind the reduction in the smart watch manufacturer's workforce.
Imagination Technologies has announced a second reduction in its workforce in as many months, as the company attempts to cut costs and restructure itself. Following on from an announcement in February for the loss of 150 jobs, the producer of the PowerVR graphics architecture used in the iPhone and iPad intends to lay off another 200 staff around the world, as the company endures a general slowdown in the semiconductor market.
Network-connected speaker manufacturer Sonos is laying off some of its employees, at the same time as refocusing the company so it works better with streaming music services in the future. A blog post from CEO John MacFarlane confirms there will be staffing changes, as well as outlining the company's future plans, which includes taking on Amazon and its own Echo speaker by bringing voice control to its product range.
The sapphire manufacturing facility in Mesa, Arizona owned by Apple but currently occupied by the now-bankrupt GT Advanced Technologies will eventually be re-purposed by the iPhone maker, according to a report from Mesa City Manager Chris Brady. This could allow some employees, who are looking at possible layoffs as early as this month, to continue working at the facility. Currently, GT Advanced is being allowed to remain in the facility rent-free through the remainder of the year in order to wind down operations.
A ruling from the US District Court in October is causing more hurt than first realized, as Aereo ist now turning to layoffs as a way hold resources for the future. Between offices in New York and Boston, the company is letting go of a large number of employees. More devastating is the coming closure of the Boston office, which Aereo expects to shut down on November 12.
News of Microsoft's last large wave of layoffs hit today, with the company cutting an additional 3,000 jobs to reach its goal of 18,000. The final significant wave is larger than the number of positions released in September, but they continue to be spread across various parts of the company. Microsoft had set out to reduce its worldwide workforce by 14 percent with the layoff plan, beginning with nearly 12,500 employees of Nokia in July.
More changes are coming for the third-ranked wireless carrier in the United States, according to a filing with the US Securities and Exchange Commission (SEC). The SEC filing indicates that Sprint has started a workforce reduction plan that affects an undisclosed number of workers. While the number of layoffs coming when CEO Marcelo Claure was brought aboard earlier in the year wasn't stated, he did inform employees that the cost-cutting measures were an inevitability.
Microsoft has moved into phase two of its previous announcement to part ways with 18,000 employees. Today, the company released an additional 2,100 employees in order to move closer to the July 2015 deadline that was previously laid out. It's unknown which sections of the company are seeing the layoffs, but the job cuts are happening on a global scale.
It seems that Microsoft is trying to sweeten the pot to get workers to leave the Nokia factory and research and design center in Beijing. The software company is offering any of the former employees at the Nokia locations a free phone if they voluntarily split from the company. The offer is part of Microsoft's plans to eliminate about 4,700 jobs in the Beijing locations.