Tuesday, December 16, 2008

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Layoff news in USA - Dec 15th: Update

 
CBS plans layoffs at CNet
CBS says it will lay off an undisclosed number of people in its interactive unit. The move follows the network’s acquisition of San Francisco’s CNet for $1.8 billion in May.

Sonus Networks cuts 50 jobs
Sonus Networks, which makes servers, switches, and software for Internet-based residential and business telephony that it will lay off 50 employees, or roughly 5 percent of its global workforce, as part of a cost-management plan. 

Fairchild Semiconductor cuts 1,100 jobs
According to AP and BusinessWeek: “Fairchild Semiconductor said Friday it plans to cut 1,100 jobs, or about 12 percent of its work force, and reduced its revenue guidance for its fiscal fourth quarter.”

Atmel to cut 11 percent jobs
According to WSJ: “Semiconductor maker Atmel Corp. reduced its fourth-quarter revenue estimate and announced cost cuts that include an 11% reduction of its North American work force amid slumping chip demand.”

Alcatel-Lucent to cut 1,000 management jobs
According to MarketWatch: “Alcatel-Lucent, the world’s largest maker of telecommunications equipment, on Friday said it plans to cut 1,000 management jobs as part of an effort to save one billion euros ($1.33 billion) a year in 2009 and 2010.”

Silicon Graphics to cut up to 20% of the workforce
According to InsideHPC:  “sources inside SGI has confirmed for insideHPC that layoffs are expected at the company today”. “Additional word from those in a position to know is that Bo sent out an email last night putting the size of the layoffs at between 10% and 20% of the workforce, and it looks like it might be Friday before we know which 20%. Details on the timing are still sketchy.”

BitTorrent cuts 18 jobs
Layoffs last month eliminated (it is believed) 18 positions -- about half the staff.

AIG Investments Lays Off 6% of work force or around 120 emp
CBS says it will lay off an undisclosed number of people in its interactive unit. The move follows the network’s acquisition of San Francisco’s CNet for $1.8 billion in May.

Some Layoffs in non-IT companies announced this week  which may affect techies also:

Procter & Gamble to cut 320 jobs
According to Forbes: “In line with plans to close a Clairol plant, Procter & Gamble severs 320 jobs.”

Northern Trust Corp. to cut 450 jobs
Northern Trust Corp. plans to cut 450 jobs after the first of the year in a cost-cutting move, according to CBS MarketWatch.

Toyota cuts India output by 30%
World's largest carmaker Toyota said it has cut production in India by 30 per cent this month, but is not holding back its planned investments of Rs 3,200 crore in the country. 

GM to close 20 factories, cuts production by 250,000 vehicles
General Motors Corp. said that it will temporarily close 20 factories across North America and make sweeping cuts to its vehicle production as it tries to adjust to dramatically weaker automobile demand.

Chevrolet ad agency to shed up to 100 jobs
Serving as an illustration of how the failure of the Detroit Three could impact other areas of the economy, Campbell-Ewald – Chevrolet’s ad agency – announced that it will be cutting up to 100 jobs. The job cuts are a direct result of General Motors’ reduced spending.

Electrolux cuts 3,000 jobs
Swedish appliance maker Electrolux AB said that it will lay off more than 3,000 staff globally because of a slump in the market. 

TechTarget cuts 76 jobs, closes two magazines
TechTarget, the Massachusetts based tech media publisher plans to cut costs by laying off 76 employees, or about 12 percent of its total workforce. The company also said it will shut down its two print publications, Storage Magazine and Information Security Magazine.

GT Solar layoffs 25 workers
GT Solar, a maker of equipment for manufacturing photovoltaic solar cells, said today that it will lay off 25 production workers at its Merrimack, NH, plant. The cuts, a reaction to requests from GT Solar’s customers for delayed shipment of solar furnaces, represent just over 8 percent of the company’s work force.

Advanced Energy to cut 7 percent or 114 jobs
According to Reuters: “Advanced Energy Industries Inc, a maker of power conversion and control systems, said it plans to reduce its global workforce by 7 percent to cut costs and expects a related charge of about $1.9 million in the fourth quarter.” 

DHL Express to eliminate up to 230 jobs
DHL Express will eliminate as many as 100 jobs in Strongsville and another 130 in Beachwood as part of its strategy to all but eliminate its domestic package delivery service.

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