McData Employees Laid Off By Merger
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By Greg Avery, Daily Camera, Boulder, Colo.  Jan. 31--Brocade Communication Systems' buyout last week of McData Corp.  resulted in a quarter of the company's Broomfield work force being laid off,  according to the Colorado Department of Labor.
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THE REGION Procter &amp; Gamble Co. has eliminated 2,800 positions over the past fiscal year, with more than half coming from Gillette, as a result of P&amp;G's takeover of the Boston shaving firm. P&amp;G's $54 billion acquisition of Gillette is expected to result in an estimated 5,000 job cuts from the combined workforce of about 140,000. Already, Boston has lost ...
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'Bout the Benjamins Storage switch maker Brocade continued its run of financial good form by posting its best ever revenues, and said its acquisiton of arch-rival McData could close as soon as January.â¦
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(InfoWorld) - A week afterÂ announcing 10,500 layoffs in a complete corporate reorganization, Intel Corp. has continued to trim the company, selling off another division. Intel sold its optical networking components division on Friday to Cortina Systems Inc., a maker of communications chips for telecommunications carriers. The sale will allow Intel to focus better on its core products -- PC chips, network processors, modular communications platforms and optical modules, Intel said Monday. Financial details of the sale were not disclosed, although some published reports put it at US$115 million. While the sale shrinks Intel to a smaller size, it won't necessarily result in more layoffs. Cortina, based in Sunnyvale, California, plans to employ "a significant number" of the engineering, operations and marketing employees in the division. Intel Chief Executive Officer Paul Otellini began the corporate restructuring in April, when he told analysts that the company would earn $9.3 billion for 2006, down from $12.1 billion in 2005. Since then, he has sold off two other business units, laid off 1,000 middle managers, shuffled top executives, and announced a plan to shrink the company from 102,500 people in the second quarter of 2006 to 92,000 people by the middle of 2007. The sale of the optical networking components division could add to the number of jobs lost. Intel did not specify how many workers it employs in that division, but the number is reportedly 120.
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Temple-Inland Inc. (TIN.N: Quote, Profile, Research) , a maker of packaging and building materials, on Monday said it will lay off about 1,500 employees as it repositions its mortgage
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IBMÂ laid off 1,573 employees WednesdayÂ as part of a continuing overhaul of its services unit, the company said.ADVERTISEMENTIBM Information On Demand 2006Industrial Industry Leaders, please join us at IBM's premier information management global event, IBM Information On Demand 2006, October 15-20, Anaheim, CA. More IBM business and technical solutions content in one place than ever before! Select from  over 800 sessions. Register today!
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In a continuing effort to cut costs, EarthLInk said it would lay off about 900 employees. In addition, it would buy back about $200 million of its own stock, according to a statement by CEO Rolla Huff on Tuesday.
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US mobile firm Cingular is laying off 7,000 people, or ten per cent of its workforce, as part of its integration of AT&amp;T&#39;s wireless unit.
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CHARLOTTE, NC Bank of America says it&#39;s cutting about 45-hundred jobs beginning this month as a result of its merger with FleetBoston Financial.
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Revolution Health Group will lay off 60 employees starting this week as part of a broad restructuring at the health-care business launched two years ago by AOL founder Steve Case, the company said yesterday.
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IBM Corp. laid off 1,570 people Wednesday, primarily from an ongoing overhaul of operations in its giant technology services unit.
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Iomega Corp. will cut its workforce by 25 percent and end development of its DCT (Digital Capture Technology) product line in a restructuring aimed at cutting costs and returning to profitability, the company announced Thursday.
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(November 18, 2004) - Amid talk of store closings, staff layoffs and name changes, shoppers and others are watching to see how the announced merger of Kmart and Sears will affect Rochester retailing.
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Software companies Commerce One and Manugistics each announced on Friday plans to cut staff, the latest round of layoffs in a dismal business-software market.
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(InfoWorld) - IBMÂ laid off 1,573 employees WednesdayÂ as part of a continuing overhaul of its services unit, the company said. Most of the layoffs came from IBM's services unit and most from North America, said Edward Barbini, a company spokesman. The layoffs were part of a restructuring effort the company announced during its first quarter financial results presentation in April. During the earnings calls, IBM CFO Mark Loughridge said the company needed to address the cost of its services unit in North America. "We said then we were going to do this," Barbini said. Based on past layoffs, about 20 percent of those laid off Wednesday will find other jobs at IBM, Barbini said. At the end of 2006, IBM had about 355,000 employees. According to union leaders, IBM laid off more than 1,300 people from its global services division earlier this month.ADVERTISEMENTIBM Information On Demand 2006Industrial Industry Leaders, please join us at IBM's premier information management global event, IBM Information On Demand 2006, October 15-20, Anaheim, CA. More IBM business and technical solutions content in one place than ever before! Select from  over 800 sessions. Register today!
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Alantos Pharmaceuticals Inc., a Cambridge biotech company sold to Amgen Inc. for $300 million in July, plans to shut down and eliminate its 45 jobs in Massachusetts and Germany, said Amgen spokeswoman Mary Klem. Amgen, based in Thousand Oaks, Calif., has another 200 workers in Cambridge. The drug maker is offering voluntary buyouts to its older and long-term employees - ...
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Alaska Airlines closed its Oakland maintenance base Thursday and fired the facility&#39;s 340 employees, as the troubled carrier announced cost- cutting moves to save up to $35 million per year.