Job cuts

Latest Headlines

Latest Headlines

Sprint's Robbiati: We can cut $2B in operating expenses, $500M on equipment spending

Sprint CFO Tarek Robbiati said the carrier plans to cut about 10 percent of operating costs to save $2 billion and thinks the company can slash another $500 million in costs related to equipment spending. "Our cost structure is bloated," Robbiati told  Bloomberg by phone from Tokyo, where he was meeting with executives from Sprint parent SoftBank.

Sprint to cut up to $2.5B in costs, which 'inevitably will result in job reductions'

Sprint is embarking on a new cost-cutting effort geared toward reducing expenses by as much as $2.5 billion during the next six months. The cuts "inevitably will result in job reductions," Tarek Robbiati, Sprint's new CFO, said in a memo obtained by the Wall Street Journal. Robbiati also noted that Sprint is instituting an external hiring freeze.

Marvell appears set to exit cellular baseband market, will cut 17% of its workforce

Marvell said it is going to undertake a "significant restructuring" of its mobile chipset unit and indicated it is going to get out of the smartphone and tablet processor business. The company said it will cut around 17 percent of its global workforce and plans to continue to focus on Wi-Fi and other wireless standards "needed to support its strategies in existing markets as well as expanding into emerging opportunities" in the Internet of Things, networking and automotive markets.  

Qualcomm slashes 1,314 jobs in San Diego as part of restructuring

Qualcomm is cutting 1,314 full-time jobs at its San Diego headquarters and hundreds of jobs in other locations, part of a previously announced restructuring the chipset giant its undertaking as it reacts to a slowing smartphone market.

Motorola to take lead in smartphone design, manufacturing in Lenovo restructuring

Lenovo's Motorola Mobility unit will take over the company's smartphone development and manufacturing, Lenovo confirmed, as it seeks to cut costs and improve sales.

Microsoft to shutter former Nokia plant in Salo, Finland, and axe 2,300 jobs in the country

Microsoft confirmed it has ended negotiations with staff and will close Nokia's former handset product development unit in Salo, Finland. Microsoft also reiterated that it plans to cut 2,300 of its 3,200 employees in the Nordic country, part of a broader restructuring and round of job cuts the software giant announced in July.

Motorola to slash 500 jobs in Chicago, 25% of its workforce there

Lenovo's Motorola Mobility unit is cutting 500 jobs at its Chicago headquarters, or 25 percent of its Chicago-based workforce, as part of a broader restructuring and layoffs at its parent company. The cuts come after Motorola moved to Chicago's Merchandise Mart area in April 2014 after years of maintaining a headquarters in Libertyville, Ill.

Lenovo, HTC to slash jobs as Android smartphone makers struggle

Smartphone makers Lenovo and HTC both said they will cut jobs as they seek to increase profitability, an indication of both weakening demand in China and other major smartphone markets as well as the difficulty of Android-focused OEMs to achieve a profit.  

Qualcomm to review whether to split up chipset and licensing units, will slash up to 15% of workforce

Qualcomm struck a deal with an activist shareholder and agreed to cut $1.4 billion in costs, slash up to 15 percent of its workforce, change some of its corporate practices and review whether to split up its chipset and licensing units. The announcement, which came as the silicon giant reported disappointing earnings, was largely in line with the demands that the investor, hedge fund Jana Partners, had spelled out in mid-April.

Microsoft sees drop in phone revenue as Nadella pledges more efficiency for entry-level smartphones

Microsoft suffered its worst quarterly loss in the second quarter thanks in large part to its $7.5 billion writedown of its purchase of Nokia's devices and services business. Yet Microsoft CEO Satya Nadella said the software firm remains committed to smartphones and the broader mobile market as it prepares to unveil Windows 10, its newest operating system. He said that Microsoft would in particular focus on being more efficient in the entry-level smartphone market.