Iomega backs away from DCT, cuts jobs
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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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Credence Systems Corp., a maker of chip-testing equipment, on Wednesday said it plans to shut down two testing facilities and eliminate about 8 percent of its work force as it reshuffles its operations.
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Computer Associates will cut 800 jobs, the software maker said yesterday, reducing its workforce 5 percent in its biggest cost-cutting effort since 2001 amid slack demand and falling prices for software and services.
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IndyMac Bancorp Inc , one of  the largest U.S. mortgage lenders, said on Tuesday it is  eliminating 2,403 jobs, or 24 percent of its workforce, to cope  with deteriorating housing and capital markets.
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Eastman Kodak Co., the world&#39;s biggest photographic company, said it will cut almost 900 jobs as it reorganizes its European business to concentrate on the digital market as demand for traditional film wanes.
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After four years, NTT DoCoMo is liquidating its machine-to-machine communications services unit. The move is not expected to impact the Japanese operator&#39;s results.
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Intermec Technologies Corp. has suspended a licensing policy for use of its radio frequency identification patents in order to help create one industrywide standard for the technology.
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Move is the latest setback for the chip Intel once billed as an industry standard. Hewlett-Packard has stopped selling workstations based on Intel&#39;s Itanium 2 microprocessor, a company spokesperson confirms.
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Moxi manufacturer Digeo suddenly changed course Tuesday, canceling two planned products and laying off nearly half of its workforce.
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Hoff offed Tiscali will slash hundreds of customer care jobs at recent acquisition Pipex broadband and voice, staff were told yesterday afternoon.â¦
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JPMorgan Chase &amp; Co. plans to undo a technology outsourcing deal with International Business Machines Corp., taking back about 4,000 employees and contractors from the computer giant.
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FTC shakes down Seismic Entertainment Productions
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Chip maker chips away at work force, cuts 7500 jobs.
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With its shipments jumping last year, the company is no longer playing the role of bottom-feeder in the disk drive industry.
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IBM Corp. said Wednesday it cut 1,753 jobs, mostly in its U.S. technology-services unit, as part of a continuing operations overhaul.
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ZDNet&#39;s survey of IT professionals in August kept Wired &amp; Wireless on top for the 18th month in a row. Telecommunications equipment maker Motorola said Tuesday that it would cut 1,000 jobs and take related
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SAN DIEGO, Sept. 16 /PRNewswire-FirstCall/ -- Iomega Corporation , a global leader in data storage, today announced the release of the new Iomega(R) NAS 100d entry-level network-attached storage (NAS) server.