Monday, August 4, 2014

2014 July Job Cut Report: 46,887 Job Cuts Announced Boosted by Microsoft

The unexpectedly large layoffs announced by Microsoft helped push July job cuts to the second highest level of the year. In all, U.S.-based employers reported plans to reduce payrolls by 46,887 during the month, according to the report released Thursday by global outplacement consultancy Challenger, Gray & Christmas, Inc.

The July total was up 49 percent from June’s 31,434 job cuts, which was the fewest number of cuts announced, year to date. It was 24 percent higher than the 37,701 cuts recorded in July 2013. The only month to see more job cuts so far this year was May, when job cuts reached 52,961.

Employers have announced 292,921 job cuts, to date. That is 1.3 percent fewer than the 296,633 job cuts announced in the first seven months of 2013.

Read more at http://www.challengergray.com/press/press-releases/2014-july-job-cut-report-46887-job-cuts-announced-boosted-microsoft#sthash.3IlGfNFj.dpuf



Microsoft layoffs hit D.C. office

Microsoft’s massive layoffs have hit the company’s Washington policy office.
Five policy and government relations staffers were let go in a restructuring process that hit both Microsoft and its subsidiary Nokia.

Read more at Politico 

Broadcom winds down baseband unit, cuts 2,500 jobs

Broadcom on Tuesday said it is winding down its money-losing cellular baseband chip business and cutting one-fifth of its total workforce, instead of selling the unit.

Chief executive Scott McGregor told analysts on a conference call that after Broadcom said in early June it would exit baseband and then tested the market for a possible sale, the company decided to shut it down.
Source: Times of India

Wednesday, November 6, 2013

,

Top global IT firms have more staff in India than home nations

It's a measure of India's strength in software services and the number of engineers it produces that some of the world's largest IT companies have more employees in India now than in their home countries.

And increasingly, these foreign companies are shifting their consulting base to India, thanks to the talent coming out of the country's business schools.

IBM, the biggest in the business, has been steadily reducing its US employee numbers and has simultaneously increased sharply its Indian ones. The company does not officially break up its employee numbers by geography, but the IBM employee organization Alliance@IBM puts the US figure for 2012 at 91,000, down from 127,000 in 2006. The last time IBM provided figures for India was in 2007, when it said it had 73,000 employees here. Since then, all estimates suggest that the company has added another 50,000 to 60,000 employees, taking the total count to about 1.3 lakh.

That puts the India number at more than 40% of the US figure. It also means — given IBM's global headcount of 4.3 lakh — that one in almost every three IBM employee is in India.

Read more at TimesOfIndia.

Panasonic to cut chip division workforce by half: Reports

Panasonic is set to cut its chip division workforce in half, axing thousands of jobs as the electronics giant overhauls its battered balance sheet after record losses, Japanese media reports said.

The plan to shrink Panasonic's money-losing semiconductor business could also see it sell off some chip manufacturing plants, the leading Nikkei business daily said, without citing sources.

Panasonic, which has chip factories both in Japan and overseas, would axe 7,000 jobs from the unit by March 2015 from a total of 14,000 employees, through an unspecified number of layoffs, early retirements and moving workers to other divisions, the Nikkei said.

Tuesday, November 5, 2013

,

10 Most Difficult Tech Firms For Interviews

Interviews can be hard for anyone, but several companies tend to make the interview process difficult in order to separate the wheat from the chaff. Technology companies are particularly notorious for making the interviews tough, posing difficult questions to assess how applicants fare on various criteria.

Professional networking website Glassdoor has released the list of companies with the most difficult interview processes. We bring to you the technology with the toughest interviews, as well as details like average span of the interview process and the kind of experience that the interviewees have. Click to find out the 10 tech companies with the most difficult interviews:

1. ThoughtWorks
ThoughtWorks grabbed the top spot among technology companies when it came to the most difficult interview process, with an average difficulty rating of 3.9. Seventy three percent of the interviewees surveyed by Glassdoor reported a positive experience, while 14% had a bad experience.

The typical interview process at ThoughtWorks lasts 43 days, with interviewees giving it an employee satisfaction rating of 4.1 out of 5.

2. Google
Google has an average difficulty rating of 3.6 out of 5, with a typical interview lasting 37 days. Sixty four percent interviewees had a pleasant experience, while 23% had a negative experience, with the company getting an average employee satisfaction rating of 3.3.

3. Hubspot
Software maker HubSpot has an average difficulty rating of 3.5 and employee satisfaction rating of 4.1 out of 5. The interview process takes 20 days on an average and 62% people had a good interview experience, while 27% had a bad one.

4. Avaya
Avaya takes the fourth spot in the list, with average difficulty rating of 3.4 and employee satisfaction score of 2.9. Eighty six percent interviewees had a good experience, while 10% experienced a bad time, with the average process time being 30 days.

5. Microsoft
Software titan Microsoft secured an average difficulty rating of 3.4, while its employee satisfaction score is 3.7. The average interview process lasts 29 days, with 70% respondents having a positive experience and 14% reporting a negative time.

6. Sapient
With an average difficulty rating of 3.4 and employee satisfaction score of 3.8, Sapient takes the sixth spot in the list. Average interview process at Sapient takes 12 days, with 76% respondents having a good experience and 13% having a negative time.

7. Citrix
Citrix grabs the seventh position in the ranking, with an average difficulty score of 3.4 and employee satisfaction rating of 3.8. The overall interview process on an average takes 29 days at the company, and 56% people report a positive experience and 26% have a negative time.

8. Nvidia
Nvidia gets an average difficulty rating of 3.4 and employee satisfaction score of 3.8. The company on an average takes 22 days to complete an interview; 81% people in the survey had a positive experience, while 7% had a bad one.

9. Informatica
Informatica scores 3.4 in terms of average difficulty of the interview and 3.9 in employee satisfaction. In the survey, 83% of the respondents said they had a positive experience, while 11% had a negative time; average length of interviews at the company is 19 days.

10. Facebook
Facebook has a difficulty score of 3.3 in the survey and employee satisfaction rating of 3.9; interview process goes for 30 days on an average. Seventy two percent of the respondents reported a positive experience and 14% had a bad time.

Old list:
Below is  Glassdoor’s list of the 25 Companies That Give the Toughest Job Interviews(as per Aug 2013):

1. McKinsey & Company

2. ThoughtWorks

3. The Boston Consulting Group

4. Gartner

5. Bain & Company

6. Rolls Royce

7. ZS Associates

8. Google

9. Stryker

10. HubSpot

11. Paycom

12. Vistaprint

13. Teach For America

14. Procter & Gamble

15. Avaya

16. Microsoft

17. BlackRock

18. Sapient

19. Citrix

20. Nvidia

21. Informatica

22. Facebook

23. Guidewire

24. Caterpillar

25. Rackspace