Big Layoffs?

rootdiggr · 07-25-2011, 10:24 PM

Quote:

Originally Posted by leistb

Research In Motion -RIMM is cutting 2,000 or 11% of workforce.

That is because users are running from Blackberry as fast as they can. RIM failed to innovate, and the Iphone/Android market is burying them. This one can't be blamed on the economy.

Yes, my family was among the defectors this year.

leistb · 07-25-2011, 10:28 PM

Quote:

Originally Posted by rootdiggr

That is because users are running from Blackberry as fast as they can. RIM failed to innovate, and the Iphone/Android market is burying them. This one can't be blamed on the economy.

Yes, my family was among the defectors this year.

I'm a defector too. As is my wife, my father and several friends.

Feather · 07-25-2011, 11:34 PM

From what I've heard Xerox is letting people go, at least in the midwest. They are pricing themselves out of business and losing accounts.

Dietrich · 07-26-2011, 09:24 AM

Cisco+Borders+Rimm+Lockheed Martin total up to 26,000 announced layoffs in the US, in the next couple weeks.

(and 4,000 FAA workers were furloughed yesterday).

Dietrich · 07-26-2011, 04:05 PM

US Post Office to layoff 5,000
http://money.cnn.com/2011/07/26/news...fice_closings/

leistb · 07-29-2011, 11:24 AM

Merck to cut up to 13K jobs. Will continue hiring in emerging growth markets.

Mscoffee · 08-09-2011, 12:11 AM

Adding a few more to the list.

Boston Scientific cuts 1,400

Credit Suisse boots 2,000 workers

Pfizer downsizes by 5,530 jobs

Goldman Sachs axes 1,000 jobs

HSBC ousts 25,000 employees between now and 2013

leistb · 08-09-2011, 12:19 AM

Quote:

Originally Posted by Mscoffee

Adding a few more to the list.

Boston Scientific cuts 1,400

Credit Suisse boots 2,000 workers

Pfizer downsizes by 5,530 jobs

Goldman Sachs axes 1,000 jobs

HSBC ousts 25,000 employees between now and 2013

These are quite 'unexpected'. I'm sure a mid-summer snowstorm is the likely culprit.

Ought Six · 08-09-2011, 10:14 PM

Quote:

Originally Posted by leistb

These are quite 'unexpected'. I'm sure a mid-summer snowstorm is the likely culprit.

The snowstorm will occur in the White House Press Briefing Room when the Press Secretary tries to explain next month's unemployment figures.

Ought Six · 09-08-2011, 11:34 PM

http://seattletimes.nwsource.com/htm...endreon09.html

Dendreon laying off 100 in Seattle, 400 elsewhere

Redbear · 09-09-2011, 10:48 AM

The UNC system has cut just over 3,000 employees - including 488 full-time and 2,544 part-time workers.

http://www.newsobserver.com/2011/09/...-the-cuts.html

flourbug · 09-09-2011, 01:36 PM

Bank of America looking to cut 40,000 jobs

http://finance.yahoo.com/news/BofA-d...sset=&cc ode=

sandyd · 09-09-2011, 04:33 PM

I think BofA already started, the tellers told my dad at his branch a bunch were laid off last week.

LvDemWings · 09-09-2011, 07:00 PM

My company has had its workforce cut by about 50% between layoffs and not hiring to replace those leaving. Those of us left have lost benes like breaks, life insurance, 401k, direct deposit and have taken a cut in hours/vacation time.

leistb · 09-09-2011, 07:20 PM

Quote:

Originally Posted by flourbug

Bank of America looking to cut 40,000 jobs

http://finance.yahoo.com/news/BofA-d...sset=&cc ode=

Large canary in the coal mine.

leistb · 05-09-2012, 01:12 PM

Up to 18K workers could be laid off if restructuring fails.

flourbug · 05-09-2012, 01:18 PM

I will be stocking up on Twinkies ASAP.

Mousehound · 05-09-2012, 01:57 PM

Quote:

Originally Posted by flourbug

I will be stocking up on Twinkies ASAP.

flourbug · 05-09-2012, 02:30 PM

That is exactly what I did the one and only time I have ever had a Twinkie.

Now, the chocolate cupcakes are another story... also, another thread...

Mousehound · 05-09-2012, 03:58 PM

Quote:

Originally Posted by flourbug

Now, the chocolate cupcakes are another story... also, another thread...

I hear you. Bad chocolate is against my religion.

Sonny · 05-23-2012, 08:30 AM

Hewlett-Packard is expected to announce deep cuts in its workforce
Wednesday afternoon, when the world's largest personal computer and
printer maker is scheduled to release its latest quarterly results.

The payroll purge could lay off 25,000 to 35,000 workers, based on recent
media reports that quoted unnamed people familiar with HP’s plans.

The financial pressure has been building on HP since the company replaced
cost-cutting specialist Mark Hurd as its CEO amid questions about his
relationship with a former actress who worked for the company as a
contractor.

HP’s stock price [HPQ 21.78

-0.11 (-0.5%)

] has lost more than half its
value since Hurd’s resignation in August 2010. The company’s shares
closed Tuesday at $21.78.

Full article at CNBC: http://www.cnbc.com/id/47532613
~

Kassy · 05-23-2012, 01:36 PM

Would those all or mostly be US jobs? Article isn't clear on that.

Sonny · 05-23-2012, 02:14 PM

I heard as many as 5,000 job cuts were expected to come from voluntary retirements, I'd guess those would be Old people ie, Those over 50yr..
And also that they'd combine their Printer and PC business' so I'd expect cuts within those two groups. But I'm guessing and don't really know.

~

Kassy · 05-24-2012, 03:17 PM

I guess volitary retirement is not as popular as it was a couple of years back.

If i understood the computer sales guy i spoke to last time i bought one they do assemble them locally (he was talking about inferior parts being shipped due to the tsunami/Fukushima incident in Japan and the flooding in Thailand which was even worse).

Dreamweaver · 06-07-2012, 12:59 PM

Automatic across the board cuts set for January 2nd will result in the layoff of 1 million!

http://thehill.com/blogs/on-the-mone...ion-jobs-study