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
Yahoo chief executive Carol Bartz has sold millions of dollars worth of company shares in what many see as a sign that she is losing faith in Yahoo’s ability to compete. The move is likely to upset shareholders, and will lower employee morale.
Regulatory filings uncovered by The Guardian show that Bartz sold $830,000 of Yahoo stock in March, and $1.4m in June.
“Two million already cashed out for Bartz is too much, too soon,” Yahoo investor Eric Jackson of Ironfire Capital told The Guardian. “It doesn’t really fit with the ‘I didn’t need this job as I was retired’ image she portrays.”
Source: V3.co.uk
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
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
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
Swedish Bionic Commando and Terminator: Salvation developer GRIN has shed light on widespread media reports of trouble at the studio, announcing today that it must close down completely due to cash flow issues.
With titles including Ballistics, Bandits, Ghost Recon Advanced Warfighter 1 and 2 for PC, Bionic Commando Rearmed and Terminator: Salvation under its belt, the company has seen a considerable rise in the last few years.
Source: Gamasutra
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.”
Yahoo boss Carol Bartz calls its redesign the “most significant change in our home page since the company’s inception.” It’s also a big step backward for web design. This is another example of the Internet on training wheels, circa 1998.
Source: PCWorld
Yahoo Inc’s revenue from advertising fell and the Internet company projected lower-than-expected operating cash flow for the current quarter, sending its shares down more than 2 percent to $16.31.
Source: Reuters
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
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
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