News and Articles About Layoffs
Chief Executive Dion Weisler said the market continues to be volatile, facing pressures and uncertainties.
As a result, the company will let 340 people go.
Mediocrity has its place. Where success and survival are synonyms, not dying is winning.
The San Jose, Calif.-based company is expected to announce the cuts within the next few weeks, the report said, as the company transition from its hardware roots into a software-centric organization.
The company said in May it would cut 1,850 jobs in its smartphone business, most of them in Finland.
The U.S. company said it would shed up to 1,850 jobs, most of them in Finland, and write down $950 million from the business.
Most of the announced job cuts were concentrated in the energy sector, which is reeling from low oil prices that have hurt profits.
Many new tech users around the world turn to mobile phones for their computing needs, and corporations increasingly rely on big machines rather than desktop models to run their businesses.
An estimated 500 employees have lost their jobs since layoffs began last week, according to a news report.
The divisions that conduct flights and lab tests as well as the commercial airplanes department will be downsized, the company says.
CEO says the layoffs are required due to 'a chilly fundraising environment' in Silicon Valley.
This is the latest change after nearly a year of turmoil.
Zenefits has been in crisis mode for the last few weeks after removing its CEO and founder, Parker Conrad.
The layoffs take effect April 11 and affected employees received 60-day advance notice of the move