Lower sales had already been forecast for these divisions and losses have been greater than expected. Philips also said it is to lay off between 6,000 and 7,000 jobs in its electrical components, consumer electronics and semiconductor divisions...
Lycos Europe Chief Executive Christoph Mohn told Reuters that if the restructure proved successful, he would be able to give a revised forecast of when the company would break even just before the end of the month.
Sun announced in August that it would lay off some of its workforce during the second half of this year. The move, he wrote, would take advantage of Sun's existing "talent and assets" in its push into the ever-expanding storage market - a market...
In July, AvantGo laid off around 40 per cent of its workforce in a bid to cut costs. Ben Charny also contributed to this article. The AvantGo assets will help Sybase crack the market for the software and hardware needed to connect hundreds of...
Debate over the future of the Palm OS has raged on various Palm enthusiast sites, fuelled by a since-retracted trade magazine article that suggested Access would cease development of the Palm OS. It's a fact that a large majority of businesses...
Hurd said that beyond introducing more incentives for its workforce to increase productivity, HP needs to focus on improving leadership and fostering more accountability within every division of the company.
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