According to AP and BusinessWeek: “Fairchild Semiconductor said Friday it plans to cut 1,100 jobs, or about 12 percent of its work force, and reduced its revenue guidance for its fiscal fourth quarter.”
According to InsideHPC: “sources inside SGI has confirmed for insideHPC that layoffs are expected at the company today.”
“Additional word from those in a position to know is that Bo sent out an email last night putting the size of the layoffs at between 10% and 20% of the workforce, and it looks like it might be Friday before we know which 20%. Details on the timing are still sketchy.”
Forbes.com published a few useful job tips for the laid off Yahoo!s: “Then there are the scores of former Yahoo!s running fast-moving start-ups around Silicon Valley. Here are excerpts from interviews with former Yahoo!s with advice for those who have just left the company, or anyone pondering their next career move.”
Job tips covered in the article: “On finding the right job”, “On flexibility”, “On the next big thing”, “On Yahoo!’s alumni network”, “On recharging”, “On keeping your head up“. Read full story
According to Valleywag: “Yahoo’s script for performing the layoff begins when the boss walks up to an employee getting the sack. And then he says, “Thank you, [FIRST NAME HERE], for coming in. I have some information regarding our organization I’d like to tell you in person.” The anodyne managementspeak just gets worse from there: “I appreciate what you have done for Yahoo.”"
Sunnyvale, Calif. 12-10-2008.
LayOffBlog.com will be closely monitoring layoff news from Yahoo.
According to BusinessWeek: “This morning, Yahoo folks who haven’t been called into individual meetings with managers are waiting tensely and hoping they’ll still have a job by this afternoon.”
Update (12-08-2008): According to CNet News: “And while Yang, in the most recent earnings report call, noted that further layoffs could occur in 2009, AllThingsD, citing an anonymous source, said that an additional 500 positions may be cut through attrition and a hiring freeze.”
Update (12-10-2008): According to CNet News: “Most of the approximate 1,500 layoffs affect employees at Yahoo’s U.S.-based locations and come from a number of areas within the company, the company said”. “In February, the company cut 1,000 jobs after its fourth-quarter profit took a hit”.
Rumor (12-10-2008, 10:00 am): According to rumor from inside: “There are requests for the little people to be in the office by 9 a.m. If they can’t, they must be available by cell for the next 6 hours. Nobody sure what that all means. Are people going to get in early..”
Rumor (12-10-2008, 2:20 pm): According to rumor from inside: “There are rumors of layoffs within the Brickhouse group in SF, Flickr, and brand marketing.”
Rumor (12-10-2008, 2:30 pm): According to rumor from inside: “people who accept severance pkgs also must sign a no-squawk agreement”
Rumor (12-10-2008, 2:40 pm): According to Valleywag: “Yahoo has a strict set of rules to follow in layoffs: No small talk. Get to the point. Don’t own the employee’s feelings. Did Jerry Yang, the stumbling Internet company’s cloddish founder-CEO, follow them in his latest all-hands memo?”
Rumor (12-11-2008, 6:00 pm): Zimbra project members are safe for now.
According to CNNMoney: “EA the electronics gaming company based in Redwood City, Calif., announced staff reductions Tuesday as it lowered earnings guidance for fiscal year 2009. The company’s stock plunged about 15% on the news.”
“The company is moving forward with plans, originally announced in its quarterly earnings report on Oct. 30, to reduce 6% of its workforce. The company had 9,000 full-time workers, including 5,100 outside the U.S., according to its annual report on March 31. Based on that, the company plans to cut some 450 jobs.”
According to rumors from insider sources*, Cisco Systems to cancel several internal projects (including Web 2.0 and R&D projects), laying off IT contractors, most of them are H1B visa workers. Cisco IT contractors are not actual Cisco employees, they are working through ‘vendor’ companies (also known as ‘body shops’). But the layoffs are real. Most likely these layoffs will not be listed in the Company layoff statistics.
Update (02-04-2009): Cisco Systems: Possible large (up to 10 percent) jobs cut in 2009
Update (02-24-2009): Rumor: “1800 More just got laid off at Cisco”, Austin, TX
Update (02-25-2009): Cisco Confirms Global Job Cuts
Update (03-12-2009): Cisco quietly downsizing through outsourcing
*WARNING: We cannot guarantee the accuracy of information as it is only an individuals point of view. We will investigate and/or omit any complaints of inaccuracy.
According to WSJ: “Facebook Inc. is delaying a previously announced program to allow employees to sell some of their shares in the privately held company, citing the “incredibly difficult” global economy.”
Rumor (according to insider info): “A Zebra Technologies Company to close their project called Navis, laying off software engineers, including H1B-visa holders. Severance package: 3 month”.
Submitted update from one of our readers Christine: “Zebra Technologies, Vernon Hills, IL eliminates much of industry marketing department and several other positions in US and Europe. Including staff at RFID businesses as well as core barcode scanner businesses. Cost cutting to make the budgets and projects for the year likely to continue…”
According to The Seattle Times: “RealNetworks disclosed today that it’s cutting 130 jobs across its locations in Seattle, San Francisco and New York. Spokesman Bill Hankes said the cuts include 39 in Seattle. He’s got more details on his corporate blog.”
According to Reuters: “Adobe Systems Inc on Wednesday lowered is revenue outlook and said it will eliminate 600 jobs, or around 8 percent of its workforce, due to the weak economy, sending its stock down 7 percent in extended trading.
“The global economic crisis significantly impacted our revenue during the fourth quarter,” said Shantanu Narayen, the company’s chief executive, in a statement. “We have taken action to reduce our operating costs and fine-tune the focus of our resources on key strategic priorities.”"
According to WSJ: “with the U.S. economy in a recession, Google is ratcheting back spending and cutting new projects. “We have to behave as though we don’t know” what’s going to happen, says Google Chief Executive Eric Schmidt. The company will curtail the “dark matter,” he says, projects that “haven’t really caught on” and “aren’t really that exciting.” He says the company is “not going to give” an engineer 20 people to work with on certain experimental projects anymore. “When the cycle comes back,” he says, “we will be able to fund his brilliant vision.”"
According to AP and San Jose Mercury News: “Senior administrators at Stanford University, including the president and provost, are taking a salary cut, as the nation’s economic decline places pressure on the university’s budget.
Provost John Etchemendy informed staff members about the salary reductions in a letter Tuesday, saying he and President John Hennessy have volunteered to reduce their salaries by 10 percent.
University spokeswoman Lisa Lapin said the salary cuts affect about 15 to 20 positions with salaries that start around $250,000. She said Hennessy makes around $700,000.”
According to Silicon Alley Insider and CNet: “Google has about 10,000 contractors and it wants to reduce that number”.
“In an interview, Google co-founder Sergey Brin said the company has been concerned about its high contracting expense. Brin said Google augments its workforce of 20,123 employees with about 10,000 contractors.
“It’s really high,” Brin said of the number of contractors. He said Google began looking at the number six months ago and has a plan to significantly reduce that number through vendor management, converting some contractors to regular employees, and other approaches.”
According to CNet Business News: “The company plans to look at more ways to decrease costs, including laying off 7 percent of its workforce, as announced last week.
Looking ahead, TiVo said it’s expecting fourth-quarter revenue between $47 million and $49 million, and a net loss of between $10 million and $12 million.”
According to Technorati company blog: “Technorati just announced on its official blog that the company has decided to lay off six employees as the result of generally poor economic conditions. Management is also taking a 10-15% pay cut, while all other surviving employees are getting their paychecks cut down by 10%. Two of the six departures are from management positions, although no names have been released yet. CEO Richard Jalichandra described those who have been laid off as “high performers who have worked long hours to get us where we are now. They’re also friends, and we’re very sad to see them go.”
According to Bloomberg: “Cisco Systems plans to shutter its North American offices for five days for the first time in more than a decade as it seeks to shave $1 billion in costs.
The company’s U.S. and Canada offices will be closed Dec. 29 through Jan. 2, Terry Alberstein, a spokesman, said in an e-mail today. Some teams including technical support will be working.
Customers are withholding orders because of the financial crisis, forcing Cisco to suspend hiring, business travel and relocations in a bid to cut expenses. Chief Executive Officer John Chambers forecast a revenue decline for the first time in five years for the second quarter, which ends in January.”
According to F*Startups.com: “Yahoo.com will have 2000-3000 Layoff’s by Dec. 10th - 15th. This just came in from a high level executive at Yahoo. This includes the Northern & Southern California offices.
This is yet to be confirmed. Please add comments if you have any more information regarding this layoff.”
According to Bloomberg News: “Google, owner of the most popular Internet search engine, is adding fewer employees and focusing on controlling expenses amid the global economic slump, CEO Eric Schmidt said Monday. “We have slowed our hiring, but we’re still hiring,” he said in an interview. ”We’re still doing the same kinds of exciting and crazy things that Google always does.”Google is grappling with an economic slowdown that is curbing growth in online advertising, while competition intensifies with Yahoo and Microsoft. Schmidt said that while the ad market may be shrinking, Google benefits from its ability to target specific users.
Google, which had more than 20,000 employees at the end of the third quarter, up from almost 11,000 at the end of 2006, added 519 workers in the third quarter, compared with 2,130 in the same period a year earlier.
Google fell $4.99 to $257.44 Monday in Nasdaq Stock Market trading. The shares have lost 63 percent this year.”
According to CNet: “Faced with strong competition from Apple and Research In Motion, as well as economic headwinds, Palm has decided to lay off some workers.
Valleywag reported that the layoffs could involve as many as 10 percent of the company’s 1,050 employees. A Palm representative confirmed that layoffs were taking place but did not comment on exactly how many people were affected.”
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