Nokia to shed additional 490 jobs
As Finnish cell phone giant Nokia continues to cut costs in an effort to combat declining demand, the company recently told Reuters it would shed an additional 490 jobs in the near future. 170 employees from Nokia’s logistics, production management…
Weekend rabble-rousing: Web sales tax bill may end free ride for eBay, others
The Rockefeller Institute, a research group tied to SUNY, said that sales taxes took a 6.1 percent dive in Q4 of 2008 and Q1 of this year was even worse. Given the current state of the economy of course, this…
Najmi Jarwala steps down from his position as President of Sony Ericsson USA
Sony Ericsson announced today that Najmi Jarwala has resigned from his position as President of Sony Ericsson USA and Head of Region North America (US and Canada). Mr. Jarwala will be leaving his position at the end of March in…
Nokia needs to cut more costs, implements Voluntary Resignation Package
The heat is on and Nokia appears to be feeling the burn as much as the next company as it has just announced a new round of cost-cutting measures that will go into effect next week. The Finnish handset manufacturer…
Nokia to combat downturn with production cuts, temporary layoffs
As MWC draws closer mobile fans around the world wait in anticipation as mobile companies prepare some of their biggest announcements of the year. Leading up to MWC, news coming from manufacturers is historically positive – a taste of things…
Verizon Wireless in the midst of laying off employees?
Despite solid Q4 2008 earnings, Verizon Wireless is apparently not layoff-proof in this struggling economy but then no company is. Rumor has it that Verizon is in the process of an unannounced work force reduction that began yesterday, February 9th.…
AT&T claims 1.9 million new iPhone 3G activations during Q4 2008
First things first: 1.9 million activations is nothing to scoff at. It’s a huge number, and represents AT&T and Apple’s unquestionable success in the smartphone arena. Including the 4th Quarter results, the company can claim 4.3 million total iPhone activations…
Circuit City files for bankruptcy, 567 prepare for liquidation sales
…and over 35,000 folks prepare to start searching for a new job. So sad. This latest bit of bad news comes after Circuit City’s lengthy, and apparently fruitless, search for a buyer. The company has been trying to sell its…
Sony poised to post $1.1 to $2 billion loss for 2008
Things aren’t looking too hot for Sony CEO Howard Stringer. Back in October his company predicted that it would end its current fiscal year with an operating profit of $2.2-billion but a Japanese newspaper is reporting Sony is well on…
Sprint to move forward with job cuts following VSP
It looks like Sprint’s Voluntary Separation Probgram (VSP) we scooped last month didn’t quite have the impact the company had hoped for. Surprising that employees didn’t jump at the opportunity to leave their jobs as the unemployment rate in this…
Yahoo to proceed with layoffs starting Wednesday
In a bit of somber Monday morning news, it appears as if Yahoo is going to proceed with its planned end of the year layoffs which are expected to occur on Wednesday. Originally announced by Jerry Yang on October 21st…
AT&T to cut 4% of workforce
In a press release this morning, AT&T announced that it plans to cut 4% of its workforce, amounting to approximately 12,000 jobs, beginning this month. While this news might not come as a surprise – it’s hard to be surprised…
Google is trimming “operational expenses”; read layoffs
Regardless of how large, powerful and influential a company is, no one is recession-proof. Internet search giant Google has been laying off employees since this summer, and it has been doing so under the news radar for the most part.…
