Nokia is planning to slash up to 300 jobs in Nokia Technologies, mainly in Finland, the US and the UK. The company is also halting development of its virtual reality camera OZO that was announced in 2015. Continue reading “Nokia to cut up to 310 jobs, kills off OZO VR camera development”
LeEco is slashing 70 percent of its US workforce or 325 employees, according to a latest report from CNET. These job cuts comes after the company announced its plans to release phones and a video streaming service in the U.S. The Chinese smartphone maker is slashing jobs due to lack of funding.
Continue reading “LeEco cuts 70 percent of its US workforce due to lack of funding”
Microsoft has announced that it is laying off employees in the smartphone hardware business and global sales. The company is cutting 2850 jobs which is beyond the 1,850 announced would be eliminated earlier this year.
Continue reading “Microsoft announces 2850 job cuts in next 12 months”
Twitter has announced that it is reducing its global workforce by 8% that translates to 336 employees. Jack Dorsey, who recently became the full-time CEO, shared the news in an email sent to the Twitter team.
Continue reading “Twitter to slash more than 300 jobs”
Lenovo has reported $10.7 billion in revenue for Q1 ended June 30, 2015 for FY 2015-16, a mere three percent increase year-over-year. The company’s net income declined 51% year-over-year to US$105 million.
Continue reading “Lenovo reports $10.7 billion revenue for Q1, FY 2015-16, cuts 3200 jobs”
With an aim to improve its market share, HTC has announced that it will slash jobs and discontinue some smartphone modes. The Taiwanese smartphone maker has been struggling to make its mark in the current smartphone market that is being dominated by the likes of Apple and Samsung.
Continue reading “HTC to slash jobs and discontinue smartphone models to revive sales”
BlackBerry is axing unspecified number of jobs worldwide owing to the consolidation of its software, hardware and application business. The layoffs will be in Canadian smartphone makers device business.
Continue reading “BlackBerry slashes jobs in its device business globally”
“Starting to Evolve Our Organization and Culture” reads Nadella’s latest mail to his employees which details Microsoft’s 18,000 job cuts next year. The Redmond based software giant has just announced that it wants to go lean and agile, in an effort to re-align with the company’s new vision, a product of the new leadership headed by Satya Nadella. Out of the 18,000 job cuts, 12,500 are from Nokia’s devices and services division the company acquired recently. This completely sends home the point that Microsoft is no longer interested in making phones, as the majority of Nokia’s full time working staff are from manufacturing facilities the company has, around the world.
Continue reading “Microsoft announces 18,000 job cuts next year, 12,500 are from Nokia”