EMC to cut 2,400 from workforce
Storage giant EMC on Wednesday announced plans to cut 2,400 positions from its workforce, despite expectations of posting record fourth-quarter revenues .The job cuts will represent 7 percent of the company's workforce, as part of a restructuring program that will also include consolidation of facilities and back office functions, and a rebalancing of products and markets.
EMC expects to cut $350 million in costs this year and as much as $500 million next year.
Lam Research to cut 149 jobs:Fremont-based Lam Research is expected to carry out the largest job cuts when it eliminates 149 jobs in that city, the government filings by the semiconductor equipment maker show. The Lam cuts in Fremont are scheduled for Jan. 20
Mattson Technology, a chip equipment maker, eliminated 30 jobs on the last day of 2008. In October, Mattson cut 80 jobs.
Barclays cuts more than 400 IT jobsBritish bank Barclays PLC said Wednesday it was cutting more than 400 technology jobs after a review of its operations.
The bank said the job cuts were designed to eliminate obsolete or duplicated roles and affected 158 permanent IT staff and 250 contractors based mostly in London and Cheshire, northwest England.
Storage giant EMC on Wednesday announced plans to cut 2,400 positions from its workforce, despite expectations of posting record fourth-quarter revenues .The job cuts will represent 7 percent of the company's workforce, as part of a restructuring program that will also include consolidation of facilities and back office functions, and a rebalancing of products and markets.
EMC expects to cut $350 million in costs this year and as much as $500 million next year.
Lam Research to cut 149 jobs:Fremont-based Lam Research is expected to carry out the largest job cuts when it eliminates 149 jobs in that city, the government filings by the semiconductor equipment maker show. The Lam cuts in Fremont are scheduled for Jan. 20
Mattson Technology, a chip equipment maker, eliminated 30 jobs on the last day of 2008. In October, Mattson cut 80 jobs.
Barclays cuts more than 400 IT jobsBritish bank Barclays PLC said Wednesday it was cutting more than 400 technology jobs after a review of its operations.
The bank said the job cuts were designed to eliminate obsolete or duplicated roles and affected 158 permanent IT staff and 250 contractors based mostly in London and Cheshire, northwest England.
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