LayoffBlog.com

Capgemini Energy LP, which is a venture of TXU Corp. and its subsidiaries and technology outsourcing company Capgemini America Inc., said in a warn letter filed in Austin last week that the company will lay off 85 employees, effective Nov. 1.

The jobs included in the cuts include senior analysts, project managers, test analysts, software engineers and other professional and management positions.

Source: Dallas Business Journal

Yahoo Inc is moving the product development team for one of its key Web properties to Taiwan, the latest change within the Internet company as it moves to cut costs and revamp its online offering.

The product development and operations teams for the Yahoo News division will be based out of Taiwan, said Yahoo spokeswoman Kim Rubey. The types of jobs moving overseas include product management, engineering and user interface design, Rubey said.

Source: Forbes

Microsoft is laying off 27 employees in Redmond and Bellevue, according to the Washington State Employment Security Department.
The company said in January it was planning to eliminate 5,000 jobs over the next 18 months, while still creating 2,000 to 3,000 new jobs.

Source: The Seattle Times

Indian software industry association Nasscom says the U.S. Congress should consider changing laws to allow foreign workers in the United States for a limited amount of time. The proposed visa would not lead to immigration status or permanent residency.

Read full article: eWeek.com

Layoffs at IBM total more than 9,000 for the year.
According to leaked copies of the company’s internal “resource action” packages, total verifiable layoffs through Aug. 24 number 9,298.
The company has acknowledged some layoffs, but has steadfastly refused to give details, such as numbers or locations.

Source: Times Herald-Record

U.S. Citizenship & Immigration Services (USCIS), which administers the H-1B and L-1 visa programs, has beefed up its anti-fraud auditing efforts this year with surprise site visits to companies that employ temporary non-immigrant visa holders.

Source: CIO.com

Cisco Systems Inc., the largest maker of networking equipment, predicted that revenue will drop for a fourth straight quarter as the recession crimps orders of networking equipment. Revenue will fall 15 percent to 17 percent in the fiscal first quarter, which ends in October, the company said today.

Source: Bloomberg

Microsoft Corp. agreed to hire no less than 400 Yahoo Inc. employees once the companies’ planned Internet search advertising partnership begins, Yahoo said late Tuesday. In addition, Microsoft agreed to pay Yahoo $150 million over three years to help cover Yahoo’s costs in getting the partnership started, Yahoo disclosed in a filing with the Securities and Exchange Commission.

Source: MarketWatch

Google CEO Eric Schmidt resigned from his post on Apple’s board of directors due to what Apple called a conflict of interest.

5 Reasons Schmidt Left Apple Board:

1. Apple’s rejection of Google Voice from the App Store;
2. The iPhone vs. Google Android rivalry is heating up;
3. Let’s not forget Apple’s App Store vs. Android Market;
4. Both Google and Apple are entrenched in the Web browser game;
5. Apple and Google will also soon compete in the OS market, too.

Source: ChannelWeb

So much for the “boatload of money” Carol Bartz wanted from Microsoft in return for a search deal with Yahoo. Instead, Yahoo’s chief executive settled for a deal that wouldn’t fill a bathtub. The transaction involves no cash upfront and gives Microsoft what it has always wanted: effective control over Yahoo’s search business.

Source: WSJ

Reuters: “Yahoo investors disappointed, but hold out hope” [..] “Bartz said on the earnings call the company is now hiring more engineers and sales and marketing staff as it invests in new products and branding.”

Verizon Communications Inc. said Monday it will cut more than 8,000 employee and contractor jobs before the end of the year in the wireline business, speeding up its efforts to keep costs in line, according to chief financial officer John Killian.

Verizon ended the quarter with 235,000 employees, up from 229,000 a year ago, despite already cutting 8,000 jobs during the year. Contractor jobs are not included in those totals.

Source: GoogleNews, AP

~News submitted by upthecreek

Cisco Systems Inc. laid off several hundred employees on Thursday, as the company tries to control its costs amid declining sales.

Between 600 and 700 people were laid off at the company’s San Jose headquarters, according to a person familiar with the decision.

Source: WSJ

The high-tech industry might finally be hitting rock bottom, according to Forrester Research, which Tuesday forecast global IT spending to decline by nearly 11% in 2009 before vendors and end-user organizations begin to see some signs of recovery later this year and early next.

Source: NetworkWorld

Oracle Corp.’s fiscal fourth-quarter profit declined 7.2% as the stronger dollar continued to weigh on results. New license revenue, a key measure of software growth, dropped 13%. Oracle’s stock has been rebounding since hitting a three-year low in March, shares were up 2.8% to $20.44

Source: WSJ

Yahoo will incur a charge of between $22 million and $27 million for the 700-person workforce reduction that it announced two months ago, according to an SEC filing late Friday. The layoffs accounted for about 5 percent of its workforce. In Q2, it will take a total pre-tax cash charges of between $30 million and $34 million in severance pay expenses and related cash expenditures.

Source: PC

Adobe Systems Inc.’s (ADBE) fiscal second-quarter profit dropped 41% on lower sales and margins. Product sales, the bulk of Adobe’s revenue, declined 22%, while revenue from service and support slid 2.1%.

Earlier this year, Adobe also said it planned to cut around 600 jobs and undertake other cost-cutting measures to compensate for lower sales.

Source: WSJ

Intuit Inc., the company that makes TurboTax software, said Friday it was laying off 300 employees, or 4 percent of its 8,200-strong work force. Employees were given 60-day notifications.

Source: CNBC, AP

~News submitted by upthecreek

The feds are investigating whether Google, Yahoo (YHOO), Apple (AAPL), Genentech (DNA) and other throughout the industry tech companies illegally agreed not to recruit on another’s top talent.

Source: Reuters

Hewlett-Packard Co. will cut another 2% of its work force, on top of the 25,000 it plans to eliminate because of its merger with a giant IT services company. On a conference call Tuesday to discuss the company’s latest fiscal results, HP Chief Executive Mark Hurd said the reductions will take place over the next 12 months.

HP also has reduced employee salaries by 5% on up, and of late has also been reducing the amount of real estate it rents or owns.

Source: CNNMoney, DowJones

(Update 1):  Hewlett-Packard Co. will cut 2 percent of its employees, about 6,400 people. [..] Overall, H-P has about 321,000 workers. It has 4,000 workers in Ireland and plans to add 500 jobs near Dublin, though it also cut some jobs there. It also has a big presence in India. The company employs about 5,000 people in the Sacramento area.

Source: Sacramento BizJournal

According to ComputerWorld: “More layoffs are expected at Sun Microsystems Inc. as a result of Oracle Corp.’s planned $7.4 billion acquisition, with one Wall Street analyst predicting today that as many as 10,000 people could lose their jobs at the Silicon Valley icon.”