Biggest tech industry layoffs of 2012

By , Network World |  Business, Research in Motion

T-Mobile announced another 350 jobs cuts in May. 

Rival Sprint said in February that it would slash jobs in the wake of a January management reshuffling, and according to a FierceWireless report at the time, the number of jobs affected was expected to be about 100 of about 40,000. Related, Sprint network operator Ericsson reportedly began laying off 10% of its 14,000-person North American workforce in March, weeding out its lowest performers. 

Other big bloodlettings this year from technology ranks:

*The job cuts cited above pale in comparison to HP's recently announced plans to slash 8% of its workforce via layoffs and retirement offers, which translates into about 27,000 jobs. The company expects the cuts to save it $3 billion to $3.5 billion in fiscal year 2014. The job cuts are "difficult" but they also are "necessary to improve execution and to fund long-term health" of HP, CEO Meg Whitman said in a statement.

*Sony said in April it will cut about 10,000 of its 168,000 worldwide employees as part of a restructuring plan. Some of the workforce reduction will come by spinning off non-core businesses, including chemical operations and LCD screen production. Sony lost about $2.7 billion in its fiscal year ended in March. The company, which has lost ground in areas such as TVs, is refocusing on consumer products such as phones and tablets.

*NEC kicked off 2012 by announcing it would cut 10,000 workers, including 3,000 outside of Japan, while forecasting a $1.3 billion loss in the fiscal year ended in March. The company's smartphone business has suffered from incursions by other companies into the Japanese market, while NEC has also continued to suffer from flood-ruined plants in Thailand.


Originally published on Network World |  Click here to read the original story.
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