Budget Cuts Will Mean Layoffs at Fermilab
4662
The nationâs premier center for plumbing the mysteries of the universe in the tiniest bits of matter is planning to lay off more than 10 percent of its employees.
345574
Intel Corp. , the world's largest semiconductor maker, will cut 10,500 jobs as part of chief executive Paul Otellini's plan to reduce costs by $3 billion annually starting in 2008.
386344
Intel plans to lay off 800 workers at a Colorado chip-making plant, fallout from its decision to sell its XScale processor division in 2006.
468437
Astronomy cuts mean UK scientists will no longer have direct access to an 8m-class telescope in the Northern Hemisphere.
346280
The San Diego-based maker of data storage products said in a statement that it plans to cut 145 regular and temporary personnel worldwide, and will incur restructuring charges of between $5 million and $7 million.
409729
(InfoWorld) - Not satisfied with its string of product announcements and sunny press coverage in recent weeks, Intel kept the ax swinging, announcing plans to lay off thousands more employees as part of a larger restructuring that will include some 10,500 job cuts by mid-2007. The move, announced late Tuesday, followed widespread rumors of upcoming cuts. With an eye on the bottom line, Intel said that the restructuring will help save $2 billion in 2007 and $3 billion annually in 2008 and beyond. Intel CEO Paul Otellini has made no secret of his desire to slim down the company, which still dominates the computer chip market but has been steadily losing market share to rival AMD in recent years. In June, Intel sold its communications and application processor unit to Marvell Technology Group for $600 million. The company then cut about 1,000 management jobs in July. This time around, Intel is hoping a combination of layoffs and non-workforce-related steps, such as cutbacks on merchandising, capital, and materials expenses, will make the difference. âThese actions, while difficult, are essential to Intel becoming a more agile and efficient company, not just for this year or the next, but for years to come,â Otellini said in a statement. Rob Enderle, principal analyst at Enderle Group, said the companyâs piecemeal approach to layoffs recall HPâs efforts to trim down under then-CEO Carly Fiorino: multiple rounds of layoffs that left remaining workers with a only a vague idea of the companyâs direction. âIâm not convinced that this will do what [Intel] expects it will do. Cuts donât help the overall productivity and competitiveness of a firm. You lose a lot of people, then you have to recover from that loss,â Enderle said.
125045
Research firm predicts closure of more than 3,000 U.S. centers as jobs fly north.
132626
Boston Scientific Corp  said on Wednesday it would cut about 2,300 jobs, or about 9 percent of its workforce, and restructure or sell several business units as part of its efforts to reduce operating expenses.
576000
The AMD effect CNET has come out as the first organ willing to put a firm number on Intel's alleged upcoming mass layoff. The online rag reckons that up to 10,000 workers will be cleaved from Intel's payroll. Word of the layoffs should arrive next Tuesday after the stock markets close their regular trading sessions.â¦
372064
As expected, the chipmaker announces 10,500 layoffs as part of a strategy to cut costs and regain momentum.
359221
Intel, the world's largest computer chip manufacturer, will cut 10,500 jobs, or about 10% of its total staff.
667898
National Semiconductor Corp. NSM.N  on Thursday said it would cut about 6 percent of its work force  to reduce costs amid a chip supply glut and it will book  severance charges of between $22 million and $26 million for  the move.
249075
Intelsat loses a satellite, which could mean lost millions for the defense contractor.
300737
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.
336730
Intel executives are expected to reveal the results of an internal evaluation that could include layoffs of thousands of employees.
161392
Intel Corp., the world's biggest   microchip maker, is set to announce sweeping job cuts later on   Tuesday, the Financial Times said, amid speculation that up to   10 percent of its staff could go.
107816
Blog: Along with preliminary earnings release, the company announces it will lay off 10 percent of workers to trim costs.