Struggling Palm Lays Off Workers
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Palm laid off about 10 percent of its work force this week to cut expenses, according to a person familiar with the situation.
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Solar-cell vendor has laid off 40 employees, according to a report. If true, it would cap off a tough year for the once-hot CIGS vendor.
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Colgate-Palmolive yesterday announced plans to cut 12% of its workforce and close a third of its 78 factories worldwide as it struggles with rising raw material and energy costs and intense competition.
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PalmSource cuts its losses in the first quarter, but lost business from Sony leaves the outlook uncertain.
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Smartphone maker Palm is reportedly consulting with investment bankers about a sale, investment, or other move.
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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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Motorola Inc. is laying off 1,000 employees in conjunction with its upcoming chip unit spinoff and ongoing efforts to reduce operating costs, the company said Tuesday in a regulatory filing.
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Oracle Corp.  will announce layoffs at PeopleSoft Inc. on Friday to integrate the recently acquired company into the world's second-largest business software maker, Oracle's CFO said on Tuesday.
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Shipments of devices running the Palm OS have declined sharply, researcher says.
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Commerce One and Manugistics cut staff, as software makers grapple with industry upheaval.
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The same week it announced sharply lower revenues for its second quarter, embattled handheld device maker Palm laid off 10 percent of its workforce.
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The Nokia Corporation said it would lay off up to 700 people globally, mostly in its enterprise business operation, to increase efficiency and improve competitiveness. The layoffs, expected within the next few months, include 340 workers in Finland. The cuts will affect research and development, related sales and marketing, as well as internal information technology operations, the company said. Nokia said it would try to transfer some workers to different posts.
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United Airlines said it is laying off about 825 customer service employees, ramp workers and other airport staffers as it tries to slash costs and get out of bankruptcy.
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Under mounting pressure from German government officials and former employees of the mobile phone division it paid BenQ to take off its hands, Siemens has set up a â¬35 million ($44.4 million) fund to aid workers at risk of losing their jobs.
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Palm warned that its upcoming earnings report could be weaker than expected.
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RadioShack on Tuesday followed through on plans to lay off 400 employees as part of an effort to cut expenses and become more competitive in the marketplace, but the method in which the firings occurred has some fuming. The company notified customers of their dismissal through e-mail.
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(InfoWorld) - Under mounting pressure from German government officials and former employees of the mobile phone division it paid BenQ to take off its hands, Siemens has set up a â¬35 million ($44.4 million) fund to aid workers at risk of losing their jobs. The move comes just days after BenQ announced it wouldÂ stop investing in BenQ Mobile, because it saw no end to the losses after already sinking over â¬600 million into the unit. BenQ Mobile, which employs 3,000 workers in Germany, immediately said it wouldÂ file for bankruptcy protection. Newspaper reports cited name calling and legal threats from both Siemens and BenQ in the dispute over the fate of workers at BenQ Mobile, but a BenQ representative said there has been no official contact between the two companies and that much of the talk is mere speculation. On Tuesday, Siemens announced it would set up the employee education and retraining fund, contributing â¬5 million of the sum from a salary increase already approved for Siemens' management, it said in a statement. The German electronics giant said its decision toÂ sell the mobile phone division to BenQÂ provided the greatest possible benefits to employees at the time of the sale, and that closing the business outright would have been a less expensive option. BenQ had presented a credible plan for operating and expanding the mobile phone division at the time of the sale, and Siemens believed it was sincere, the company said. The company expressed shock at BenQ's decision to "put its people on the street." BenQ declined to immediately comment on the jab. Siemens paid BenQ â¬250 million to take the loss-making division off its hands last year, and even agreed to buy a â¬50 million stake in BenQ to solidify the deal. Since then, BenQ Mobile's business has continued to deteriorate as rivals in the mobile phone industry snap up market share. The division caused BenQ toÂ post lossesÂ in each of the past three financial quarters.