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

Meizu MX4 Ubuntu Edition Is Official, Will Be at MWC In March

No longer a rumour but fact: Meizu has confirmed the news on its social media accounts this morning, just as the latest flash sale for the Bq Ubuntu Phone was getting underway. Read more

Telegram Desktop for Linux Review

Telegram is an instant messaging service that is best known for its mobile implementation, but a desktop app is also available and it's even better than what users might expect. Read more

KaOS 2015.02 Distro Brings a Unique, Pure KDE Plasma 5 Experience - Screenshot Tour

The KaOS development team was proud to announce on February 24 the immediate availability for download of the KaOS 2015.02 Linux kernel-based operating system for personal computers and laptops. This is the first ever release of the KaOS Linux distribution with the next-generation KDE Plasma desktop environment, powered by the latest KDE Frameworks 5 technology. Read more