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Game maker RockYou to cut staff by 40% just weeks after launching two new games

Game-maker RockYou is set to announce major layoffs tomorrow just weeks after launching two new games, Galactic Allies and Hooked, VentureBeat has learned. Redwood City, CA.-based, RockYou makes games for social platforms like Facebook, and is responsible for popular titles such as the Zoo World franchise.  As many as 55 employees will lose their jobs, according to a leaked copy of an internal document we have seen.

Cisco’s layoffs could be its biggest ever

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.

Not so pretty: Layoffs at e-commerce darling ModCloth

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.

Myspace: We’re cutting staff by 47 percent, but our redesign is great

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.

MySpace layoffs: 550 fewer friends at the office?

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.

New Nokia CEO drops a bomb: 1,800 workers are out of here

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.

Can real-time search make a buck? OneRiot restructures

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.