Aetna To Lay Off 1,000
Hartford-based Aetna notified affected employees Wednesday and said the job cuts will "align administrative expenses with the company's growth outlook for 2009 and redirect resources to areas with a greater potential for future growth."
Midway Games to cut 25 percent(180 people) of jobs
Midway Games Inc., maker of the popular "Mortal Kombat" video game series, will cut its head count by 180 people, or 25 percent of its work force, close a studio in Austin, Texas, and halt development of "noncore" games, according to a government filing.
RF Micro Devices cuts 250 jobs
Semiconductor maker RF Micro Devices Inc. said that it will eliminate 250 employees and scale back production as it seeks to reduce costs.
Silicon Storage to cut 120 jobs
Flash memory chip maker Silicon Storage Technology Inc. said that it plans to cut 120 jobs, or 17 percent of its work force, to lower costs amid the global economic turmoil.
Western Digital plans to cut 2,500 jobs
Hard drive maker Western Digital Corp. said that it plans to cut 2,500 jobs, or about 5 percent of its global work force, and will reduce executive pay in response to weakening demand for its products linked to the economic turmoil.
Ryder System Inc. to Eliminate 3,100 Jobs in Americas, Europe.
UPS to lay off 72 at Dallas.
GE Capital Layoffs On Hold For New Severance Policy.
Motorola Announces More Cuts, But Not Layoffs
The troubled company said it will temporarily suspend all matching contributions to employee’s 401(k) plans and will permanently freeze U.S. pension plans, the latter not affecting vested benefits. There will also be a freeze on most 2009 salary increases.
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