Networking giant Cisco Systems plans to lay off 6,500 employees as part of a massive restructuring plan, the company announced Monday.
The layoffs, which are one of the largest single layoffs this year and appear to be the largest single …
The once great social networking site Myspace is expected to make big cuts to its employee ranks Wednesday, reports Gawker.
TechCrunch later confirmed with sources inside Myspace that the company is laying off at least 150 (37.5 percent) of its …
Cisco Systems is expected to cut thousands of jobs in what could be the biggest layoffs ever for the world’s largest maker of networking equipment, Reuters said.
Faced with slowing growth, Cisco chief executive John Chambers has set a goal …
Japan-based Panasonic announced today that it will cut 17,000 jobs worldwide through March 2013 and reduce the number of its business divisions from five to three.
Panasonic reported a $499 million loss for the fourth quarter of fiscal year 2011, …
AOL eliminated approximately 900 jobs today, including 200 US employees in the media and tech group and 700 people in India.
In a company memo that has leaked out to a number of news organizations, chief executive Tim Armstrong tries …
ModCloth, the hot e-commerce startup backed by Accel Partners, First Round Capital, and the Floodgate Fund, laid off just over a dozen of its 248 employees today, the company told VentureBeat.
The company, which sells vintage clothing and apparel from …
Several Nokia executives may soon be sacked as part of CEO Stephen Elop’s grand strategy revamp for the company, Reuters reports.
The news, which was first reported by the German weekly Wirtschaftswoche this morning, may seem like yet another setback …
Myspace today released a statement confirming yesterday’s reports that it plans to lay off a large percentage of its workforce — specifically, the company says its “organizational restructuring” will cut 500 employees, or 47 percent of the company.
Companies always …
MySpace, the social networking site that once was social networking, could lay off a staggering half of its 1,100-employee workforce, according to AllThingsDigital.
Sources told the publication that parent company News Corp. has long been looking to enforce drastic cost-cutting …
Yahoo confirmed today that it has laid off around 600 employees, totaling 4 percent of its global workforce.
The New York Times first reported that layoffs were coming yesterday, and even before the company had made an official announcement, TechCrunch …
Just five weeks after taking over phone manufacturer Nokia, CEO Stephen Elop is planning to slash 1,800 jobs since initiating plans to refocus the company on smartphones, according to Nokia’s quarterly earnings report released today.
Nokia turned around its performance …
The biggest of the independent real-time search engines, OneRiot, restructured its management today and laid off an unknown number of employees, including company co-founder Robert Reich.
Kimbal Musk, a serial entrepreneur who served as chief executive, is stepping aside to …
Guest Post
(Editor’s note: Will Herman is an entrepreneur who has founded or held senior roles at several tech companies. This column originally appeared on his blog.)
An investor and board member of one of my early companies used to say: “any …
