job cuts - News, Features, and Slideshows

News

• Job cuts to continue at Perpetual

  Fund manager Perpetual's major restructure which was aimed at reducing costs has contributed to a significant drop in its full year profit.

• Moore to cut 25% of staff in downsizing

  Business services and print management company Moore Australasia (ASX:MOV) will cut 25% of its staff as part of a restructuring following the loss of its major customer

• Latest Telstra cuts likely not the last: Union

  Telstra’s latest round of job cuts are unlikely to be the last for the current financial year, a union representative for the telco has warned.

• HP job cuts point to shifting IT skills

  Hewlett-Packard Co. today said it is cutting 9,000 jobs, but also plans to hire 6,000 new workers as part of shift to highly automated data centers that rely less on people with hands-on IT skills and more on those with sales and delivery expertise.

• CA cutting 1000 jobs

  CA is planning to cut about 1000 jobs, or roughly 7.7 percent of its workforce, according to a document filed Tuesday with the US Securities & Exchange Commission.

• Siemens announces 4,200 job cuts

  Siemens has announced the cull of 4200 jobs worldwide from its IT business.

• Vodafone cuts 375 jobs, including IT

  Vodafone is cutting 375 jobs, primarily in back office functions, starting this month. The news follows several days of speculative reports that layoffs were ahead.

• Obama's jobs push arrives as engineers leave IT

  On the eve of President Barack Obama's State of the Union address Wednesday, a speech that's expected to focus on the need for jobs, the nation's largest engineering association is warning that the latest jobs data is "discouraging" for engineering.

• As wired business shrinks, Verizon expects 13,000 job cuts

  Verizon Communications Inc. expects to reduce its workforce by another 13,000 in 2010, following the same trend it has carried out in each of the past two years.

• Paperlinx shares rise 8% on news of Tassie exit

  The company will sell one of its two operations, and close the second, cutting at least 252 jobs

• Alcoa to cut 150 jobs

  AWU slams Alcoa on timing, and says the failure to pass the ETS contributed to the decision

• Microsoft lays off 800 people

  Microsoft is laying off another 800 people, adding to the 5,000 the company has already let go this year.

• Sun to cut 3,000 jobs as Oracle awaits approval for deal

  Sun Microsystems will lay off up to 3,000 workers over the next 12 months as Oracle awaits approval from European regulators for its acquisition of the company.

• Study finds big rise in job cuts planned at IT shops

  Forty-six percent of North American IT shops are planning to cut positions this year, up from 24 percent last year, with one-quarter planning to slash staff by 10 percent or more, according to a newly released study by Computer Economics.

• Novell lays off 100 workers

  Open-source vendor Novell on Saturday confirmed reports that it had a layoff on Friday, though it said the layoffs were small and amounted to less than 3% of its workforce.