News and Articles About Layoffs
The company's 'core team' will continue development of a new miniLab.
Chief Executive Officer Tim Armstrong informed employees about the cuts in an email on Thursday morning.
Few things are more motivating than losing your job. Don't squander this opportunity to learn about yourself and embrace a new direction.
It was not clear why there was such a marked decline in the proportion of women leaders at Yahoo, which is led by Silicon Valley's most powerful female CEO, Marissa Mayer.
Last year, the microblogging site announced plans to lay off up to 336 employees, or about 8 percent of its workforce, a week after Jack Dorsey took over as permanent CEO.
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.