SanDisk cuts 250 jobs on falling prices
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Memory problems SanDisk is to axe 250 staff - 10 per cent of the payroll - to combat plunging memory stick prices.â¦
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UBS cut its earnings forecasts and share target prices for South Korean chip makers Samsung Electronics and Hynix Semiconductor Inc., citing bigger-than-expected price declines for DRAM memory chips.
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Photographic equipment manufacturer Kodak has blamed the rise of digital photography for 600 job losses and a factory closure. Kodak said declining demand for traditional camera film had forced it to close
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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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Company cutting 375 jobs to eliminate redundancies in wake of ATI acquisition.
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THE photo-equipment maker Kodak yesterday announced plans to axe 600 jobs in the UK and close a factory in Nottinghamshire, in a move in line with the giantâs global restructuring strategy unveiled last January.
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Eastman Kodak Co., the world&#39;s biggest photographic company, said it will shed about 870 jobs in Europe to concentrate on the digital market as demand for film declines.
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LONDON (CBS.MW) -- Eastman Kodak said Tuesday it will cut 870 jobs at its manufacturing sites in the UK and France due to the &quot;increasing popularity of digital photography&quot; and the corresponding decline in traditional film photography.
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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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Struggling camera company Kodak is to cut an extra 3,000 jobs as it continues efforts to adapt to the digital age.
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The company reported a second-quarter loss after the company cut jobs to compensate for declining sales.
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Sales of Apple Inc.&#39;s iPhone and new iPods slated for release later this year will mark the end of cheap flash memory for a time, and that means users may see fewer bargains on older digital music players or bundled flash memory cards.
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Trade organization attributes dramatic price drops, including a 35 percent decline in flash memory, to glut of competitors.
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Company plans to cut up to 7000 jobs this year as it transitions to digital technologies.
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NEW YORK -- Eastman Kodak Co. is cutting 3,000 more jobs this year as the picture-taking pioneer wraps up its wrenching transformation into a digital imaging company focused on consumer photography and commercial printing.
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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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The company said it would eliminate 275 jobs and slash direct mortgage lending to preserve cash after it was forced to cancel a $101.2 million rights offering.