Ericsson To Cut 5,000 Additional Jobs; Weighed Down By Mobile Phone Sales
Telecom equipment giant Ericsson (NSDQ: ERIC) reported a 31 percent drop in Q4 profit today, blaming its mobile-phone joint venture Sony (NY… Read more »
More layoffs Stories
Tiscali Considers Cutting 250 Jobs, UK Sale Talks Continue
By Patrick Smith
Italian ISP Tiscali today confirmed it is looking for volunteers for an “incentivised redundancy plan” in its Italian division, and is consi… Read more »
Clear Channel Cuts 1,850 Jobs
By David Kaplan
While much of the focus on the media recession this past year has focused on newspapers, radio has been quietly suffering the effects of the… Read more »
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Layoffs Roundup: Warner Bros.; EA; Mzinga
By Tameka Kee
– Warner Bros.: Time Warner’s Warner Bros. Entertainment is slated to lay off 10 percent of its staff worldwide — or about 800 jobs — ac… Read more »
Yahoo Cutting 20 Percent Of French Staff, Developers Bear The Brunt
Yahoo (NSDQ: YHOO) is cutting about 52 staff from its 251-strong French operation under the group-wide reductions announced from the company… Read more »
Virgin Media Could Re-Home Shares In London
Virgin Media (NSDQ: VMED) is considering whether to delist its VMED listing on New York’s Nasdaq – a legacy of its ntl past – in favour of l… Read more »
Federated Media Shifts Away From Display Ads; Restructuring Includes Some Job Cuts
Federated Media is meeting with its staff now to tell them about a decision to move the company away from display advertising and devote mor… Read more »
Circuit City Calls It Quits, Plans To Liquidate Assets; 30,000 Employees Let Go
By David Kaplan
Big box electronics retailer Circuit City is calling it a day after failing to reach an agreement with its creditors. The Richmond, VA., com… Read more »
Motorola To Axe Another 4,000 Jobs
By James Quintana Pearce
Motorola (NYSE: MOT) announced today that is shedding another 4,000 jobs on top of the 3,000 announced last quarter, and reported preliminar… Read more »
Economist Lays Off 13 Sales And Editorial Staff In UK Restructure
By Patrick Smith
Economist Group is to make 13 jobs redundant — two in commercial services and two editorial staff on its paid-for analysis service Economis… Read more »
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Updated: Kewego Gets Another £4.2 Million; Six Out In Layoffs
Paris-based web video platform provider Kewego is getting a Read more »
Global Radio Axing Some Online Staff, Must Re-Apply For Jobs
Global Radio is laying off around 40 of its 112-strong online and interactive team, paidContent:UK has confirmed with the company. Five of t… Read more »
Print Roundup: Archant Cuts; MEN Media; Daily Record’s Car Site
By Patrick Smith
– Archant: Privately-owned regional newspaper group Archant is making at least 20 staff redundant at its main office in Ipswich, home of th… Read more »
UPDATED: Motorola’s Handset Division To Conduct Layoffs; Might Pull Booth From CTIA
By Tricia Duryee
Update: So, we can all have a collective sigh of relief. Motorola (NYSE: MOT) is not only going to have one booth at CTIA, it’s will have tw… Read more »
FT Doing 80 New Layoffs: Online/Print Tie-Ups, Ridding’s Memo
The Financial Times Group is making another 80 redundancies worldwide after opting for further online/print integration and to eliminate ove… Read more »
Fox Interactive Media Shuts Down Flektor, SpringWidgets
Fox Interactive Media (NYSE: NWS) is closing its tool-and-storage Flektor site and Atlanta-based SpringWidgets, cutting at least two dozen j… Read more »
Meredith Slashes 250 Jobs; Will Take $16 Million Charge; Country Home Mag Closed
By David Kaplan
Women’s magazine publisher Meredith (NYSE: MDP) is cutting 250 jobs which will result in a $16 million charge — about $9 million after-tax… Read more »
Forbes Completes Print And Digital Editorial Reorg; 19 Laid Off
By David Kaplan
Forbes magazine has completed the print/online editorial combo it announced in November, and with it, has axed 19 edit jobs, MediaMemo’s Pet… Read more »
McGraw-Hill Cut 375 Jobs In Q4, Results In $16M Restructuring Charge
By David Kaplan
McGraw-Hill (NYSE: MHP) shed 375 jobs in Q4, taking an after tax restructuring charge of $16.4 million, or $0.05 per diluted share of its ea… Read more »
LiveJournal Lays Off San Francisco Staff, Will Operate From Moscow
LiveJournal’s Moscow-based owner Sup yesterday laid off most of its remaining San Francisco staff in a restructuring that will also involve… Read more »
LiveJournal Lays Off San Francisco Staff, Will Operate From Moscow
LiveJournal’s Moscow-based owner Sup yesterday laid off most of its remaining San Francisco staff in a restructuring that will also involve… Read more »
WPP To Cut ‘Thousands’ Of Staffers; North America And Europe Bear The Brunt
By David Kaplan
Ad holding company WPP Group is beginning the new year with preparations to lay off of thousands at its global agencies, Guardian reported.… Read more »
WPP To Cut ‘Thousands’ Of Staffers; North America And Europe Bear The Brunt
By David Kaplan
Ad holding company WPP Group is beginning the new year with preparations to lay off of thousands at its global agencies, Guardian reported.… Read more »
Motorola Discloses Another 400 Job Cuts
By Tricia Duryee
In addition to the1,500 job cuts already disclosed, Motorola (NYSE: MOT) said today that it was cutting another 400 employees across the boa… Read more »
Joost Shed 14 Staff In Web Switch, Could Refinance In ’09
Turns out Joost has made 14 staff redundant in the last few weeks, after dropping its old desktop app in favour of a web version, CEO Mike V… Read more »
EA Expands Staff Cuts To 10 Percent; Will Lay Off About 1,000, Shut At Least Nine Studios
By Tameka Kee
Buffeted by ballooning losses and an economy that could eventually pummel game sales, Electronic Arts (EA) will be laying off about 1,000 wo… Read more »
Viacom’s Axe Falling On Up To 80 MTV UK Staff
Horribly predictable after Viacom (NYSE: VIA) announced 850 worldwide job losses earlier this month, regional detail has filtered through to… Read more »
Print Round-Up: More Newsquest Cuts: Wiltshire, Wales Affected; Irish-Language Paper Shuts
By Patrick Smith
– Newsquest Wiltshire: Gannett’s UK division is merging two local newspaper offices, cutting six jobs and inviting two editors to apply for… Read more »
Layoffs Roundup: Sun Media; Midway Games; Gaia Online; American Media
– Sun Media: Sun Media laid off 600 of its full-time employees, or 10 percent of its total workforce (excluding mailroom operators, TheStar… Read more »
Omnicom Group To Lay Off Roughly Thousands Worldwide
By Tameka Kee
Ad industry holding company Omnicom Group is prepping to lay off nearly 5 percent of its 70,000-person global workforce, per AdAge. The trad… Read more »
TheDeal Cuts Staff 10 Percent; VC, Tech Coverage Takes A Hit
By David Kaplan
The Deal LLC, parent company of financial news mag TheDeal, has laid off 13 staffers, or about 10 percent of its workforce, Folio reported.… Read more »
SEC Watch: WebMD To Cut Up To 5 Percent Of Staff
By Tameka Kee
WebMD plans to cut its workforce between 4 and 5 percent, according to an 8-K filing. Severance payouts from the layoffs will add a $2.5 mil… Read more »
Earnings: Best Buy Asks For Voluntary Staff Departures To Deal With ‘Challenging Environment’
By Tricia Duryee
Best Buy reported Q3 earnings today, and outlined a number of cost-cutting measures, including asking for voluntary employee departures to d… Read more »
Layoffs Roundup: DivX; Fuse; ReelzChannel; Classmates.com; Exponential Interactive
– DivX: The company has cut 21 people from its workforce, or just under 10 percent of its total staff, TechCrunch reported and NewTeeVee co… Read more »
Hands-On Mobile Lays Off Undisclosed Number Of Employees
By Tricia Duryee
Hands-On Mobile, the San Francisco-based mobile game maker known for Guitar Hero and Texas Hold ‘Em, confirmed today that it cut an undisclo… Read more »
Earnings: UBM Expects A Few More Layoffs By Year’s End
PRNewswire and CMP operator United Business Media (LSE: UBM) will have made more job cuts than first planned by year’s end. UBM said in last… Read more »
Crain Communications Cuts 50 Editorial Posts
By David Kaplan
Yesterday we reported that B2B publisher Crain Communications was closing its print magazine Financial Week and chose to go online only with… Read more »
Tech Publisher TechTarget To Cut 76 Jobs; 12 Percent of Workforce; Closing Two Print Mags
By Rafat Ali
TechTarget (NSDQ: TTGT), the publicly traded online and events tech trade company, is cutting 76 jobs from the company, about 12 percent of… Read more »
Digitas Reorg Results In Over 70 Layoffs
By David Kaplan
Publicis Groupe’s Digitas is reorganizing its U.S. group and has decided to shed about 70 jobs in the process, including 25 in New York, SAI… Read more »
Last.fm Lays Off Around 20 Staff, Part Of CBS/CNET Integration
Last night, Last.fm staff in London were celebrating their Christmas party at a venue complete with hot tub. Through today’s hangover, they… Read more »
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