Serena Software laid off several folks at its Hillsboro office this week, but the site still has about 200 employees and remains the company’s largest. Serena is a privately held company based in Redwood City that makes software to aid in IT management.
Source: OregonLive.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
The prospect of an in-depth European antitrust review of its acquisition of Sun Microsystems Inc. could add to the challenges Oracle Corp. faces integrating the server, storage and software giant.
The European Commission, the European Union’s competition body, is hesitating on whether to clear the database giant’s $7.4 billion deal to buy Sun or launch a full probe that could take up to four months to complete, according to a person familiar with the authority’s thinking. The commission must decide by the end of Thursday.
Source: DowJones, WSJ
While hiring of information technology professionals will largely be flat in the 4th quarter, it appears that certain geographical regions are more optimistic about hiring, according to a survey released today by staffing firm Robert Half Technology. In the next three months, IT hiring in the New England and South Atlantic states are expected to outpace the rest of the country with CIOs in each region projecting a net increase of 4 percent in hiring.
Read full article: BusinessWeek
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
Fuel Games, developer of iPhone, PC, online, and console games, told Gamasutra that it is cutting staff and is in the midst of restructuring — right after a venture capital injection.
“Last Thursday about 20 people were laid off from the Ottawa office (out of around 100 people), and reportedly the entire staff was told they would not be receiving their paychecks on Friday,” said an ex-Fuel Games employee who wished to remain anonymous.
Source: Gamasutra
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
Social web site Facebook Inc. is looking for hundreds of people to hire, according to a report by Bloomberg.
The report, based on an Aug. 20 interview with Facebook’s CEO, Mark Zuckerberg, said the Palo Alto, Calif. company plans to increase its work force by 50 percent this year. The business has about 900 workers right now.
Source: San Francisco Business Times
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
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
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 U.S. Justice Department arrested a former Goldman Sachs Inc. (GS) employee and charged him with stealing computer codes related to the firm’s high-speed trading platform.
Sergey Aleynikov, a naturalized U.S. citizen who emigrated from Russia, allegedly unlawfully copied, duplicated, downloaded and transferred computer codes from a New York-based financial institution. His salary at the time of his employment termination was about $400,000 a year.
Source: WSJ
(Update): “An error by the New York Stock Exchange caused Goldman Sachs Inc. (GS) to be left out of the exchange’s weekly program trading data last week. ”
Source: WSJ
Oracle Corp plans to lay off up to 1,000 workers in Europe, or about 1 percent of its global staff, as the recession erodes the giant software company’s earnings, French news agency AFP reported on Thursday.
Source: Reuters
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
Social networking site MySpace said Tuesday that it plans to slash nearly 30% of its workforce (roughly 430 jobs), leaving it with 1,000 employees.
Source: CNNMoney
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
Oracle Layoffs Discussion (RSS)Powered by WordPress