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LayoffsAOL to Cut One-Third of Staff; Voluntary Layoffs to Begin Dec. 4Authored by Mark Hefflinger on November 19, 2009 - 8:51am.
 New York
- Needing to drastically trim costs as it prepares to separate from parent
company Time Warner (NYSE: TWX), AOL said on Thursday that it plans to trim its workforce
by about one-third -- approximately 2,300 workers -- through a combination of
voluntary and involuntary layoffs. The company said that the goal of the
restructuring is to reduce its annual operating costs by $300 million.
Nokia Lays Off 330 Research and Development StaffAuthored by Mark Hefflinger on November 20, 2009 - 10:23am.
Espoo, Finland - Cell phone maker Nokia (NYSE: NOK)
announced on Friday that it will lay off up to 330 employees from its research
and development operations, representing about 2% of its global research and
development staff of 17,000.
Details Emerge About AOL's Massive Workforce ReductionsAuthored by Mark Hefflinger on November 20, 2009 - 9:50am.
New York
- A day after AOL announced plans to cut one-third of its workforce -- up to
2,500 employees -- details are beginning to emerge about specifics of the plan.
Adobe to Lay Off 680 Employees; 9% of Total WorkforceAuthored by Mark Hefflinger on November 11, 2009 - 10:23am.
San Jose,
Calif. - Adobe Systems (NASD: ADBE), the maker
of Web and desktop publishing software, plans to lay off 680 employees, or
about 9% of its total workforce, the company said in a regulatory filing.
Current Media Lays Off 80, Shifts to More Outsourced ContentAuthored by Mark Hefflinger on November 11, 2009 - 10:04am.
 San Francisco - Current Media, the pay-TV and Web video news
outlet co-founded by former Vice President Al Gore, announced on Wednesday that
it has laid off 80 employees, and will shift away from short-form and daily
in-house production to "proven 30-60 minute formats from a multitude of
sources, including acquisitions, co-productions, outside studios, as well as
Current developed and produced content." San Francisco-based Current said
in a statement that the layoffs did not result from a need to cut costs, as the
company "will have its most profitable year," but are about
"re-allocating resources in order to put further emphasis on areas of the
business believed to best position Current Media for continued long-term
growth."
AOL Reportedly Cuts 100 Jobs as Prelude to Mass LayoffsAuthored by Mark Hefflinger on November 10, 2009 - 9:30am.
New York
- AOL was expected to cut about 100 jobs on Tuesday, in what several industry
blogs are calling just a prelude to mass layoffs expected to occur once the
company completes its spin out from parent Time Warner (NYSE: TWX) next month. The moves
reportedly are part of CEO Tim Armstrong's "Project Everest"
initiative, which aims to trim costs throughout the company.
Sprint to Cut Up to 2,500 More Jobs by Year's EndAuthored by Mark Hefflinger on November 10, 2009 - 9:26am.
 Reston, Va.
- Sprint Nextel (NYSE: S) said that it plans to cut 2,000-2,500 jobs -- around 5% of its
workforce -- by the end of this year in a move to reduce its annual labor costs
by at least $350 million. The company said that the cuts will impact positions
throughout the organization, including a reduction in contractors and other
outside labor.
Electronic Arts to Lay Off 1,500; 17% of WorkforceAuthored by Mark Hefflinger on November 10, 2009 - 9:08am.
Redwood City,
Calif. - Video game developer and
publisher Electronic Arts (NASD: ERTS) yesterday announced that it would lay off 17% of its
workforce, or about 1,500 employees, in a bid to cut costs by about $100
million a year.
RealNetworks to Lay Off 4% of StaffAuthored by Mark Hefflinger on November 5, 2009 - 10:52am.
Seattle
- RealNetworks (NASD: RNWK) will lay off 4% of its staff, or about 70 of its 1,700
employees, in a bid to cut costs amid the economic downturn, All Things D
reports.
tags: RealNetworks | Layoffs |
Survey: More Firms Planning to Reverse Salary, Hiring FreezesAuthored by Mark Hefflinger on October 30, 2009 - 7:09am.
Arlington,
Va. - Approximately half of the
companies that froze salaries and hiring in the past year now plan to unfreeze
them in the next six months, according to a new survey by consulting firm
Watson Wyatt.
Web Metrics Firm comScore to Acquire Certifica, Cut JobsAuthored by Mark Hefflinger on October 30, 2009 - 6:46am.
Reston, Va. - Boosting its presence in the
fast-growing Latin American market, comScore (NASD: SCOR), a provider of Internet audience
measurement services, said it will acquire Chilean Web measurement firm
Certifica.
Reports: Activision Makes Layoffs, Closes Shaba StudiosAuthored by Mark Hefflinger on October 9, 2009 - 9:00am.
Santa Monica, Calif. - Vivendi-owned video game publisher Activision (NASD: ATVI) has
laid off an estimated 30 employees from its 7 Studios unit, and shuttered its
Shaba Games studio in San Francisco,
resulting in another 30 layoffs, according to reports from Kotaku and
PaidContent.
Report: Conde Nast Digital Laying Off 15 StaffersAuthored by Mark Hefflinger on October 9, 2009 - 8:06am.
New York
- Conde Nast Digital, the online publishing arm of the veteran magazine
publisher, has laid off more than 15 employees, most of whom worked in ad
sales, Mediaweek reports.
Conde Nast to Lay Off 180, Shutter Gourmet, Other TitlesAuthored by Mark Hefflinger on October 5, 2009 - 9:08am.
New York - Veteran publishing house Conde Nast will lay off
about 180 people and shutter its Gourmet, Cookie, Modern Bride and Elegant
Bride, as part of a cost-cutting initiative launched after a three-month review
of the company by McKinsey & Co.
Orchard CEO Resigns; Company Lays Off 20% of StaffAuthored by Mark Hefflinger on September 30, 2009 - 10:35am.
 New York - The Orchard (NASD: ORCD), a digital distributor of independent
music and video content, announced on Wednesday that president and CEO Greg
Scholl has resigned, and additionally that the company has laid off 20% of its
staff as part of a cost-cutting initiative. Scholl will remain on through the
end of October, at which time Danny Stein -- an Orchard board member and currently also chairman and
CEO of eMusic -- will replace him as interim CEO.
Salon Lays Off 20% of Editorial StaffAuthored by Mark Hefflinger on August 18, 2009 - 11:47am.
San Francisco
- Online magazine Salon.com has laid off six of its editorial staff -- or about
20% of its total team -- including three editors, a writer, photo editor and
producer, Gawker.com reported. "We are moving away from a very traditional
magazine production model and becoming more of a true Web publication, with a
more direct publishing system" that will launch in the fall, Salon CEO
Richard Gingras told Gawker. "We think this direction makes us a stronger
company, and puts us in a good position to not just weather the economic storm
but emerge much stronger than ever."
Rumors Swirl About Potential Mass Firings at AOLAuthored by Mark Hefflinger on August 12, 2009 - 10:09am.
Dulles, Va. - Citing "chatter in Dulles,"
Silicon Alley Insider reported on Wednesday that AOL could lay off upwards of
2,000 employees next week as part of its ongoing restructuring. A source close
to the company, however, told the blog that the speculation may be premature,
though "the source does expect significant layoffs at some point."
Music Joint Venture Rhapsody Lays Off 9% of StaffAuthored by Mark Hefflinger on August 6, 2009 - 9:54am.
Seattle
- Rhapsody, the digital music service joint venture between RealNetworks (NASD: RNWK) and
Viacom's (NYSE: VIA) MTV Networks, is laying off 9% of its employees, All Things D reported.
Most of the cuts are coming in the service's editorial department, including
writers, radio programmers and product managers.
Warner Bros. Ends Up Paying $49 Million for Midway GamesAuthored by Mark Hefflinger on July 17, 2009 - 8:03am.
New York
- Time Warner's (NYSE: TWX) Warner Bros. Entertainment paid a total of $49 million to
acquire the assets of bankrupt video game publisher Midway Games, as opposed to
the $33 million purchase price stated when the deal was announced in May,
Gamespot reported, citing a regulatory filing.
tags: Games | Deals | Acquisitions | Layoffs | Midway Games | Time Warner | Warner Bros. Entertainment |
Report: AOL's Future Likely Will Include Fewer EmployeesAuthored by Mark Hefflinger on July 13, 2009 - 7:05am.
New York
- AOL is likely to shed at least several hundred more jobs over the coming
months as it refines its focus as a newly independent company, Silicon Alley
Insider reported.
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