restructuring News

  • HP job cuts point to shifting IT skills

    Posted June 1, 2010 - 9:37 pm

    Hewlett-Packard's plan to cut 9,000 positions while adding 6,000 new ones comes amid a time of shifting IT job skill requirements.
  • MySpace staff slashed almost 30 percent

    Posted June 16, 2009 - 3:03 pm

    MySpace is undergoing restructuring after losing its leadership position to Facebook.
  • Time Warner ditches troubled AOL unit

    Posted May 28, 2009 - 10:40 am

    Time Warner will finally rid itself of AOL, its struggling Internet subsidiary, by spinning it off as a publicly traded company.
  • Capgemini merges consulting units while IBM launches new one

    Posted April 14, 2009 - 1:23 pm

    Capgemini is consolidating its consulting activities as Capgemini Consulting, while IBM is launching business optimization and analytics consulting activities.
  • Microsoft looks to get more from Live Labs researchers

    Posted April 9, 2009 - 8:31 pm

    Microsoft is splitting up its Live Labs group, sending half the researchers to product groups at the company.
  • Sun confirms 1,500 job cuts this week

    Posted March 30, 2009 - 8:11 pm

    Sun Microsystems is laying off about 1,500 employees this week in a follow-up to a restructuring plan announced a few months ago, the company confirmed Monday.
  • Sun making deep job cuts this week, analysts say

    Posted March 30, 2009 - 3:25 pm

    Sun is laying off thousands of workers this week, analysts said, a follow-up to cost-cutting efforts announced in November.
  • Microsoft executive says layoffs offset by more R&D

    Posted March 3, 2009 - 10:16 am

    Up to 3,000 employees could be needed for Microsoft's research efforts this year, in part offsetting layoffs announced in January, a top company executive said Tuesday.
  • Fujitsu to end hard-disk head production

    Posted January 27, 2009 - 10:20 am

    Fujitsu plans to end production of read/write heads for hard-disk drives as part of a wider review of its HDD business, it said Tuesday.
  • Intel to close facilities, lay off thousands worldwide

    Posted January 22, 2009 - 10:18 am

    Intel will close four facilities and cut up to 6,000 jobs in a restructuring of its manufacturing operations announced on Wednesday.
  • Samsung Electronics reorganizes to fight slump

    Posted January 16, 2009 - 11:23 am

    Samsung Electronics Co. announced a major restructuring Friday, consolidating business operations into two divisions as South Korea's most powerful and iconic corporation deals with the slowing global economy and expectations of looming red ink.
  • SCO reorganization proposed

    Posted January 13, 2009 - 11:59 am

    As part of a proposed reorganization following its bankruptcy filing, SCO plans a public auction of its mobile business and its Unix OpenServer business, the company said on Monday.
  • Dell to move manufacturing, lay off 1,900 in Ireland

    Posted January 8, 2009 - 10:38 am

    Dell will move its European PC manufacturing operation from Ireland to Poland and lay off workers as it continues its belt-tightening restructuring plan, the company said on Thursday.
  • Alcatel-Lucent cuts jobs, focuses attention on three sectors

    Posted December 14, 2008 - 3:33 pm

    Alcatel-Lucent is naming enterprises as one of three markets it will focus on as it lays off 1,000 more workers and makes cuts in other areas in an attempt to turn the company around.
  • Nortel mulls bankruptcy

    Posted December 10, 2008 - 3:03 pm

    Nortel has hired lawyers to consider whether it should seek bankruptcy protection, but the company says it has made no decision to do so.
  • Sony to axe 8,000 jobs, close factories

    Posted December 9, 2008 - 10:20 am

    Sony plans to cut 8,000 jobs, close factories and reduce electronics investment by nearly a third in response to the current economic conditions, it said Tuesday.
  • Applied Materials to cut 12 percent of global workforce

    Posted November 13, 2008 - 12:06 pm

    Applied Materials said it would lay off 1,800 employees as it reported a drop in revenue and wider losses.
  • Struggling Circuit City files for bankruptcy

    Posted November 10, 2008 - 4:45 pm

    Circuit City Stores on Monday filed for bankruptcy protection to cut costs and turn around its deteriorating financial condition.
  • Analysts: AMD's foundry spin-off may save company

    Posted October 7, 2008 - 4:15 pm

    AMD's decision to split into a chip-designing company and a chip-making company should help return the company to profitability sooner, said several analysts who watch the chip-making industry. AMD would remain as the chip-designing company, while the new company, tentatively called The Foundry Co., would focus on chip-making under the plan, unveiled Tuesday.
  • AMD to spin off chip fabs to raise funds

    Posted October 7, 2008 - 9:41 am

    AMD plans to split into two companies, one to design chips and one to make them, while two investment funds owned by the government of Abu Dhabi will contribute new capital, it said Tuesday. AMD hopes the move will give it the resources it needs to compete effectively with Intel, which dominates the microprocessor industry.
  • Time working against AMD's asset-light plans

    Posted August 25, 2008 - 9:25 am

    As part of AMD's efforts to recover from the damaging delay of its Barcelona quad-core processor in 2007, the chip maker wants to spin off its two manufacturing plants, called fabs, as part of a strategy called asset light.
  • Cisco combines SMB engineering teams

    Posted August 12, 2008 - 4:19 pm

    Cisco Systems has combined the engineering teams for all its small and medium-sized business (SMB) products, forming a single group to develop products for the Cisco and Linksys brands.
  • Jobs shakes up Apple management over MobileMe debacle

    Posted August 6, 2008 - 4:06 pm

    Apple Inc. CEO Steve Jobs has given MobileMe to the executive who heads iTunes, part of a shake-up over the sync service's public problems since its launch last month, according to a memo sent to company employees earlier this week.
  • Infineon lays off 3,000, reorganizes divisions

    Posted July 27, 2008 - 2:50 pm

    German semiconductor company Infineon on Friday said it would lay off 3,000 employees as part of a cost-reduction program to bring the company back to profitability.
  • Juniper: Johnson to take over as CEO in September

    Posted July 24, 2008 - 11:26 am

    Juniper Networks confirmed Thursday that Microsoft's Kevin Johnson will become its new CEO in September, taking over for current Chairman and CEO Scott Kriens.
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