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News

• Yahoo cuts 1 per cent of staff ahead of earnings

  In a negative prelude to its fourth quarter earnings report due later on Tuesday, Yahoo confirmed it is cutting one per cent of its global staff, or about 140 employees.

• MySpace slashes nearly half of staff

  MySpace is laying off 500 employees, or about 47 per cent of its global staff, as part of a restructuring by the once-leading, now struggling social-networking site.

• MySpace to cut staff in half

  MySpace will reportedly lay off more than half of its employees on Tuesday as the website scales back its social networking ambitions.

• Myspace China makes staff cuts, CEO leaves

  Myspace's China office cut about 30 employees last month and saw its CEO depart, a sign that the U.S.-based social networking service may be pulling back from the country's Internet market.

• Yahoo lays off 600 people

  Yahoo confirmed that it has laid off 600 people, following news reports often based on Twitter messages from employees who had been let go.

• BAE Systems cuts 1,300 jobs, including IT

  Defence company BAE Systems has announced 1,307 job losses in the UK, and confirmed that some will be IT roles.

• Clearwire to lay off 15 per cent to save cash

  WiMax service provider Clearwire will lay off 15 per cent of its employees and suspend the opening of retail stores and marketing campaigns in some cities as it tries to conserve cash and raise additional capital.

• Oracle to lay off more Sun workers

  Oracle is making further job cuts related to its acquisition of Sun Microsystems, primarily in Europe and Asia, the company said in a regulatory filing Friday.

• Microsoft exceeds goal of 5000 layoffs

  Microsoft has more than made good on its plan from a year ago to eliminate 5,000 positions by the middle of June 2010, the company reported as part of its quarterly 10Q filing with the Securities and Exchange Commission.

• Ericsson to lay off up to 1,000 employees

  Ericsson plans to cut up to about 1,000 employees, and will in the process close its site in the Swedish town of Gävle, the company said in a statement on Tuesday.

• Nokia cuts research staff by up to 330 people

  Mobile phone giant Nokia on Friday said it will cut up to 330 people from its research and development staff.

• AOL looks to slash staff by a third

  AOL, which will be spun off from parent company Time Warner next month, wants to cut its staff by about a third, and is giving employees a chance to volunteer to join the ranks of the unemployed.

• Sprint to lay off more than 2,000

  Sprint Nextel expects to lay off as many as 2,500 people by year’s end, on the heels of reporting that it lost 545,000 customers in its third quarter.

• Updated: Adobe laying off 680 staff to cut costs

  Adobe Systems will lay off 680 staff, or 9 percent of its workforce, in its latest move to cut costs, the company confirmed Tuesday.

• Extreme Networks replaces CEO, lays off 70

  Ethernet switch vendor Extreme Networks is replacing its CEO and laying off 70 employees in an effort to quickly improve the company's bottom line and set it up to run profitably with lower revenues.