Language Selection

English French German Italian Portuguese Spanish

More Industry Lay-Offs

Filed under
Sci/Tech

Sun Chief Financial Officer Steve McGowan announced the layoffs during a Tuesday afternoon conference call on the company's fourth-quarter fiscal results. Sun took $44 million of the $100 million layoff charge in its fourth quarter and expects to account for the remaining $56 million "over the course of the next four quarters," McGowan said on the call.

There was no word from Sun where in its operations the job cuts ax is likely to fall.

Full Story.

The company, which is emerging from civil and criminal inquiries into its accounting, said it is cutting the jobs, which represent about 5 percent of its work force, with the hope of generating savings of $75 million a year. That's on top of 800 job reductions announced in September.

"CA is very much a work in process," Chief Executive John Swainson said in a conference call.

Full Story.

Iomega to Cut 120 Jobs

Iomega Corp., a maker of data-storage products for computers and networks, said it would cut 120 jobs, or about 30% of its workforce.

The San Diego-based company is cutting jobs and consolidating facilities as part of a restructuring plan to reduce expenses.

The job cuts and other steps will save Iomega as much as $42 million a year, the company said.

From Bloomberg News

----
You talk the talk, but do you waddle the waddle?

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

More in Tux Machines

Systemd Developers Fork Kernel, Docker Package Management

A wave of minor myocardial infarctions were reported today as Linux users read the news of a systemd kernel fork. Most were treated and released with only one admitted to the hospital with more severe symptoms. Elsewhere, folks are beginning to discuss the feasibility of Docker replacing Linux package management solutions. But there are several obstacles to container package utopia. Read more

Mozilla Firefox 37.0 Is Now Available for Download

We’re happy to announced that the final builds of the popular Mozilla Firefox 37.0 web browser were published on Mozilla’s download servers for all supported computer operating systems, including GNU/Linux, Mac OS X, and Microsoft Windows. Read more

Samsung Galaxy S6 review

I have been pretty hard on Samsung over the past few years, but let’s be honest: the company deserved it. Time and time again, we’ve seen Samsung launch fantastic flagship smartphones that are class leaders in almost every key area. Samsung’s mobile displays are the best in the world, many of its software additions have mass appeal, and its phones are always among the best available when it comes to performance. But where design, build quality and materials are concerned, Samsung has always been at the bottom of the pile. That changes in 2015, and the Galaxy S6 is our first look at the future of flagship Samsung phones. On the inside, the S6 is everything we have come to expect from the company’s premium smartphones. And on the outside, the Galaxy S6 is like nothing we have ever seen before from Samsung. Read more

Linux-Based Firewall and Router Smoothwall Express 3.1 Service Pack 1 Released

The first Service Pack (SP) release of Smoothwall Express 3.1, an open source best-of-breed Internet firewall and router operating system designed to run on commodity hardware, has been released today with a great number of improvements over the previous stable version. Read more