Expedia Group is cutting 1,500 jobs, mainly from its Product & Technology division. To help support those affected, the company is paying severance and giving employment assistance.
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Sundar Pichai and other Google execs have been answering employees' questions at an internal meeting. Various expenses are being targeted for cuts as the firm tries to weather the economic storm.
Huawei has cut its Indian revenue target by roughly 50%. Additionally, the firm will lay off 60-70% of its staff in the country, excluding those in research and development and Global Service Centre.
As many as 1,000 people at Oath, the resulting entity of the AOL and Yahoo merger, will face job losses, representing just under 20% of the combined workforce. The stocks weren't impacted by the news.
As its market share declines - and after its profits fell for a seventh consecutive quarter this year - Samsung is reportedly planning to cut around 10% of the 99,000-strong workforce at its HQ.
HP is rumored to be considering a move that could cause as many as 25,000 of its employees to be laid off, or about eight percent of its total workforce, including some early retirement packages.
Nokia announced today that they will be "improving efficiencies" at the company, which will result in 3,500 job losses from the closure of three locations worldwide
AOL is to shut down many of its European offices after failing to cut a third of its international workforce through voluntary redundancy. Although 1,100 of the company's staff have taken voluntary redundancy, a further...
Microsoft has confirmed that it will be cutting 800 jobs effective today. The jobs will be cut across many different product groups and about a quarter of them will come from the Seattle area....
Sun Microsystems has announced that a special meeting of it's Board of Directors has approved a July 16, 2009 date for a special stockholder meeting to vote on the adoption of the proposed merger agreement...
It's no secret that the video game industry has suffered during the current recession. With studios closing at an alarming rate, analyst Wanda Meloni estimates that 8,450 video game redundancies have been made since July...
Japanese electronics company Sharp warned last Friday that it will be posting a 100 billion yen ($1.1 billion) loss for the current fiscal year, and also announced that there would be 1,500 contract worker job...
Sony is expected to report a $2.9 billion loss this year for the first time the company has reported an annual loss in over 14 years. The company predicted a $1.65 billion profit for...
When Microsoft posts its quarterly profit on Thursday, it is expected that it will have missed the company's own target for the quarter, prompting speculation that the company could soon announce thousands of job cuts....
Sony Corp, the maker of Bravia LCD TVs, Cyber-shot cameras and the Playstation game console, is expected to announce a restructuring plan this week, according to the Financial Times. Last month the Japanese company outlined...
RIAA has reached an agreement to stop suing individuals who continue to share music illegally, but will cut your internet connection off instead. The decision was reached with ISP's to send a warning letter to...
It seems that we only saw a part of the massive job cuts in the IT industry recently. Sun Microsystems released a statement for the press about their plans for adjusting to the "economical climate"...
With the recent price drops from Microsoft for their Xbox 360 console, it would have been a fair bet for anyone that Sony would have followed suit to compete. If you were a betting person,...
eBay has said it is laying off 10% of its workforce, as part of a move to streamline the business. The amount is approximately 1,000 staff and hundreds of temporary workers. It is also expected...
Microsoft has decided that Windows 7 won't include built-in programs for e-mail, photo editing, and movie making, as was done with Windows Vista, CNET News.com has learned. The software maker included Windows Photo Gallery, Windows...
Price cuts by Toshiba on its HD DVD players in the U.S. earlier this month may prove to be "useless resistance" in the battle against the rival Blu-ray Disc optical disc format, according to Gartner....
Guy Hands, the private equity owner of EMI, plans to cut up to 2,000 jobs at the ailing British music company, in a plan to rebuild the group which has sparked fury from some of...
Consumer electronics maker Toshiba Corp said on Monday it is slashing prices of its HD DVD format players by between 40 to 50 percent as major Hollywood studios move to embrace Sony Corp's Blu-ray format...
Palm Inc., the troubled maker of Treo smart phones, laid off about 10 percent of its work force this week to cut expenses, according to an anonymous source familiar with the situation. The Sunnyvale-based company...
The three leading branded consumer networking device vendors in North America – D-Link, Linksys ( a division of Cisco Systems) and Netgear – have mostly kept the price of consumer networking devices, especially 802.11n products,...
With Nvidia launching its GeForce 8800GT (G92) early on October 29, AMD has dropped its ATI Radeon HD 3800 series (RV670) price from US$199-259 to US$179-239 in preparation for its launch later this month, according...
An owner of Apple's iPhone filed a federal lawsuit against the digital media giant, claiming that the price reduction injured early adopters, like herself, because they cannot resell the product for the same profit as...
The ruling junta in Burma has cut internet access to citizens in an attempt to stop footage of pro-democracy protests escaping the country. Internet cafés have been closed and the state ISP is claiming that...
AMD has announced that it has ended its close relationship with UK system-builder Evesham, which became insolvent earlier this year and was rescued from administration by Dubai-based PCC Technology at the beginning of this month....
Microsoft is cutting the European price for its Xbox 360 games console by 50 euros to 349.99 euros ($470), following a similar cut in the United States. The company said in a statement on Monday...
Microsoft has more than halved the retail price of its Vista operating system in China. The Home Basic edition dropped from $201 (1,521 yuan) to $66, and the Home Premium package dropped from $238 to...
ith the battle between HD DVD and Blu-Ray heading into the deciding round, Microsoft has cut the price of its HD DVD add-on with the XBox Elite just around the corner. While the price of...
Intel has slashed the price of a number of its desktop and mobile processors, but the cuts, while deep, aren't as extensive as anticipated. However, the move confirms an aggressive pricing plan for the chip...
An incipient price war between chip giants AMD and Intel may fizzle out after some midsummer skirmishing as AMD has no plans to further cut CPU prices any time soon, said Gary Bixler, AMD's director...
While Sony is faring well in Japan, sales are lagging in the US. Sony is slashing the price of its PlayStation 3 games console by 17% in the US to boost sales. As a result...
Google is to cut the length of time it holds users' personal search data. The move comes in response to a data protection group that wrote to the firm questioning its privacy policies. The European...
In the wake of last month's HD DVD player rebate program, the HD DVD Promotional Group happily announced that HD DVD players now constitute 60% of all standalone high-definition players sold. So far, consumers have...
These days, literally the smallest whisper about falling costs of blue-violet laser diodes will set off speculation about a PlayStation 3 price drop. Yesterday, Sony announced that it would be shipping its second-generation Blu-ray Disc...
Intel has published price cuts of up to 40% for is 3000-sequence uni-processor server CPUs and updated its desktop CPU lineup with lower prices and new products. Pricing for the Quad Core Xeon X3220 has...
AMD has cut prices on its high-end dual-core desktop processors and has announced its new restructuring plans to compensate for reduced quarterly revenue. As usual, prices are in 1,000 unit quantities. The price cuts affect...
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