As they make the transition from conventional storage devices to the cloud, many IT firms are facing layoffs in the year 2017. Data storage company Seagate Technology PLC (NASDAQ: STX) is experiencing this as well, leading to a number of Seagate 2017 layoffs. The company has reported a huge decline in its revenue, hence the announcement (more…)
Intel Layoffs 2017 Intel Corporation (NASDAQ:INTC) cut its headcount in the states of California and Oregon by approximately 250 employees over the course of 2017. These Intel layoffs in 2017 are part of a bigger plan to reduce overall spending. While the company has experienced growth thanks to success from its data center business, the chipmaker (more…)
Brocade Layoffs Coming Next Year Brocade Communications Systems, Inc. (NASDAQ:BRCD) is shedding 308 people from its workforce following its $5.9-billion acquisition by Broadcom Ltd. The Brocade layoffs are slated to take effect in 2018. The deal that prompted these Brocade layoffs began 11 months earlier, with a regulatory review and several delays postponing the acquisition. (more…)
Autodesk Layoffs Hit More Than 1,000 at Software Company Autodesk, Inc. (NASDAQ:ADSK) announced plans to lay off 1,150 employees, which is about 13% of its workforce. The software company announced restructuring plans aimed at shifting to selling its products on a subscription basis instead of charging for perpetual software licenses upfront. The Autodesk layoffs also (more…)
Cisco Layoffs in 2017 Layoffs at Cisco Systems, Inc. (NASDAQ:CSCO) have been continuing at a steady pace, as part of the wider trend of IT layoffs in 2017. The major information technology networking company has been in the middle of a major churn. Reorganization decisions and leadership changes at the top levels of the California-based (more…)
General Electric Company (NYSE:GE) CEO John Flannery’s cost-cutting plan has sent shock waves across the investor community. The multinational conglomerate is slashing its dividend in half and GE stock investors are panicking. But that’s only part of Flannery’s great restructuring plan. Another part includes cutting jobs, with the latest round of layoffs hitting GE subsidiary GE (more…)
Authenticom, Inc. has announced that it will be making a significant cut to its workforce. These Authenticom layoffs seem to come on the heel of much more positive times for the company. Authenticom Layoffs Come after It Was Ranked One of the Highest-Growth Companies in the U.S. Two years ago, Authenticom, Inc. was being praised by then President (more…)
Additional Microsoft Layoffs at Wilsonville Plant Announced Making good on its promise, software giant Microsoft Corporation (NASDAQ:MSFT) is laying off additional employees at its soon-to-be-closed factory in Wilsonville, Oregon. The latest Microsoft layoffs are an extension of the first string of job cuts, which hit the same factory earlier this year.
Oracle Layoffs in 2017 Devastate Hardware Unit as Company Refocuses on Cloud Computing Oracle Corporation (NYSE:ORCL) has struggled mightily throughout 2017 to adjust its hardware business to the industry realities. The Oracle layoffs in 2017 have numbered in the thousands, with many employees being let go from the units assigned to the “Solaris” operating system and (more…)
Convergys Corp’s (NYSE:CVG) office in Lubbock filed a notice with the Texas Workforce Commission saying it will soon be laying off 406 employees. The global outsourcing firm said the call center layoffs are a result of low call volume, a trend that has already claimed hundreds of Convergys jobs in Arizona and Tennessee this year.