Author: TACKtech Team
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Created: January 22, 2009
We are working on compiling the job death toll in technology related jobs.
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01.22.2009 - Microsoft Corporation
Microsoft slashes up to 5,000 jobs
NEW YORK (CNNMoney.com) -- Software maker Microsoft Corp. announced Thursday it will cut up to 5,000 jobs in the next year and a half, or 5.5% of its global workforce, citing further deterioration of global economic conditions.
Microsoft will slash 1,400 positions immediately, with the rest of the cuts coming by June 2010. The company also said it will freeze employees' pay in 2009.
01.21.2009 - Intel Corporation
Intel to lay off 5,000, close five plants
Amid speculation it may be close to reporting its first quarterly loss in 22 years, Santa Clara computer chip maker Intel on Wednesday said it will lay off at least 5,000 employees — including an undetermined number in the Bay Area — and shut five manufacturing plants.
01.19.2009 - Logitech International
Logitech Announces Workforce Reduction
Logitech has initiated a restructuring that is expected to reduce the Company’s global salaried workforce by between 550 and 600 employees. This plan is expected to generate annual cost savings beginning in Fiscal Year 2010 of approximately $50 million. As a result of the restructuring, the Company expects to incur a total charge of approximately $20-24 million over the next twelve months, of which approximately $16-18 million is expected to be incurred during the fourth quarter of FY 2009.
01.16.2009 - Circuit City
Circuit City Stores, Inc. to Liquidate, Closing stores in United States
RICHMOND, Va., Jan 16, 2009 /PRNewswire-FirstCall via COMTEX News Network/ -- Circuit City Stores, Inc. announced today that it will seek Bankruptcy Court approval to begin the process to liquidate the assets of the company.
"We are extremely disappointed by this outcome. The company had been in continuous negotiations regarding a going concern transaction. Regrettably for the more than 30,000 employees of Circuit City and our loyal customers, we were unable to reach an agreement with our creditors and lenders to structure a going-concern transaction in the limited timeframe available, and so this is the only possible path for our company," said James A. Marcum, vice chairman and acting president and chief executive officer for Circuit City Stores, Inc.
01.16.2009 - Advanced Micro Devices Inc.
AMD to Cut 1,100 Jobs
NEW YORK - Advanced Micro Devices Inc said on Friday it would take a $622 million charge related to its ATI acquisition, and cut 1,100 jobs and reduce salaries.
01.15.2009 - Autodesk, Inc.
Autodesk Announces Restructuring to Reduce Annual Operating Expenses
Autodesk SAN RAFAEL, Calif., Jan. 15 /PRNewswire-FirstCall/ -- Autodesk, Inc. today announced a restructuring plan to reduce its annual operating expenses. The company anticipates the restructuring will result in annual pre-tax cost savings of approximately $130 million annually starting in fiscal 2010.
As part of its restructuring plan, Autodesk plans to reduce its workforce by approximately 750 employees, representing approximately 10 percent of the company's global workforce. The company also plans to consolidate certain facilities. The actions announced today are in addition to the ongoing cost reduction initiatives previously announced, which include a hiring freeze, business travel restrictions, and other reductions in its operating expenses.
01.12.2009 - Seagate Technology
Seagate replaces CEO, plans to cut 800 workers
SAN FRANCISCO - Seagate Technology has replaced its top two executives and said it plans to cut 800 jobs — 10 percent of its U.S. work force — as the hard drive maker endures a bruising slowdown in technology spending. Its stock fell more than 15 percent.
01.9.2009 - Sony Corporation
Sony to lay off 8,000 full-timers, 8,000 others
Sony plans to lay off 8,000 workers in its electronics business worldwide as part of a broader plan to trim expenses and tighten its focus in a difficult financial climate, the company said Tuesday.
01.07.2009 - Lenovo
Lenovo Announces Resource Redeployment Plan
Research Triangle Park and Singapore - January 7, 2009: Lenovo today announced a resource redeployment plan that will help the company increase its efficiencies and become more competitive in the face of the continuing global economic downturn.
The company expects to reduce the number of its employees worldwide by 2,500 during 1Q 2009, approximately 11 percent of its total workforce. This includes management and executive positions. The company is also reducing expenses in support and staff functions, such as finance, human resources, and marketing.
05.31.2007 - Dell, Inc.
Dell to cuts approximately 8,800 Jobs (10% of workforce)
Dell, the world's second-biggest personal computer maker, on Thursday announced plans to cut nearly 10 per cent of its workforce as part of a cost-cutting drive. News of the cull, which will affect about 8,800 jobs over the next 12 months, came as Dell reported better-than-expected first-quarter sales and profits.
05.04.2004 - The SCO Group Inc.
SCO cuts jobs to reach product profit
The SCO Group laid off a "small" number of employees late last week as part of an effort to make its Unix products group profitable, the company said Tuesday. Spokesman Blake Stowell declined to say how many were cut but said the layoff affected less than 10 percent of the company's staff, which totaled 275 employees before the cut. Jobs were eliminated across the company, including sales, marketing and engineering, he said.
04.29.2004 - Gateway, Inc.
Gateway to Eliminate Another 1,500 Jobs
SAN DIEGO (AP) -- Computer and electronics seller Gateway Inc. is cutting another 1,500 jobs, or about 40 percent of its remaining work force, only a month after a similar cut.
04.01.2004 - Gateway, Inc.
Gateway To Close All Retail Stores
Gateway Inc. on Thursday said it would close its remaining 188 stores and eliminate about 2,500 retail jobs, or 38 percent of its workforce, ending a controversial chapter for the struggling computer and consumer electronics maker.
03.02.2004 - Gateway, Inc.
Gateway to cut more jobs
Gateway expects to reduce its employee roster by about another 1,000 this year, but the action is not related to its acquisition of eMachines, it says.
Rod Sherwood, Gateway's CFO, told attendees at Morgan Stanley's Semiconductor and Systems Conference late on Monday that the company expects to continue reducing its employee count and is aiming to end up with a roster somewhere in the mid-5,000s. It finished 2003 with about 7,400 employees.
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