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Out of Work in Wireless
Wireless companies are fighting to stay alive during this severe economic downturn. For many the only way to survive is to cut employees. To gauge how severe the economic crisis is on wireless firms, FierceWireless is keeping a tally of all the layoffs companies have announced from fourth quarter 2008 until now. Here's our list:
Nov. 4: Nokia to cut 600 jobs by Jan. 1.
Nov. 10: Nortel posts $3.41B loss, will cut 1,300 jobs.
Nov. 11: Nokia Siemens cuts 9,000 workers or 10 to 15 percent of its global workforce.
Nov. 18: Virgin Mobile USA lays off 10 percent of its workforce, or 45 positions.
Nov. 21: Palm lays off about 10 percent of its workforce, or 1,050 employees.
Nov. 25: Ericsson to shut down U.S. R&D facility. 250 employees cut.
Dec. 4: AT&T announced plans to reduce about 12,000 jobs--roughly 4 percent of its total workforce.
Dec. 12: Alcatel-Lucent said d it would slice 1,000 management positions and 5,000 contracting jobs on top of the 16,500 positions the company has already said it would lop off by the end of 2009. Total cut: 22,500
Jan. 14: Motorola to cut 4,000 more jobs amid drop in sales.
Jan. 21: Ericsson says it will lay off 5,000 employees.
Jan. 23: Microsoft slashes jobs, many will impact mobile. 5,000 employees cut
Jan. 26: Sprint to more cuts. 8,000 jobs
Jan. 26 Motoral cuts Windows jobs. 77 jobs.
Jan. 27: Texas Instraments lays off 3,400 employees.
Jan. 30: Sierra cuts 10% of its workforce. 56 employees.
Feb. 2: Kyocera reorganizes handsets div. Cuts 360 jobs.
Feb. 11: Nokia to slash R&D jobs amid weak sales. 320 jobs cut
Feb 25: Nortel Networks will cut jobs as it continues to reorganize under bankruptcy protection. 3,200 jobs
Out of Work in Wireless
Comments
Posted by Sir Lancelot | January 30, 2009 - 9:40am
Dispatch from Davos
Here is a joint statement from the CEOs in Davos, Switzerland about the economy and what they are doing about it. Check it out.
“Dear Company Minions and Shareholders,
Listen up. Listen up. Listen up, while we drink from our champagne cup.
We are the CEOs. And we hypnotize our boards into a doze.
We plunder huge pay, while our gray boards without much say go astray.
The compensation committee snore, while the audit committee bore.
We sponsor our directors at our private club; so they dare not give us a bum rub.
Directors are silly old tarts, rather annoying big farts.
They can’t kick us out; they have but Lilliputian clout.
We are the ruling class. Remember, we are your top brass.
We have ivy degrees. So, we do as we please.
And, we are connected. Not really elected.
So, don’t talk to us. And don’t incite fuss.
We ask the answers; and you are simply the dancers.
We do all the talking, “spin, spin, and spin” …and some balance sheet caulking.
And when we run out of sweet honey, we ask the government for your hard earned money.
It would be sad, if it were not so painfully funny.
We make no apologies about bankrupting your trust; filling our family trusts are a priority and must.
Now, don’t grumble when we sail our yachts in the breeze. And afterwards, put on our skis.
Plus, don’t complain when we fly away in Gulfstream Fours, while you mop up the floors.
So, stop your whining, and don’t disturb our fine dining!
Your complaints are but gas, which are a laugh, as we sip our Nuit St. George wineglass.
Your words are wind. We have you pinned.
Now, snap to. Before, we fire you.
Truly Yours,
The CEOs
PS. Our messengers send you this. As we are in Davos bliss. With a fat Swiss bank account, nothing can go amiss.”
Oh well…
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