layoffs

Verizon will also shift roughly 200 stores to franchise operations, according to unnamed sources In sum – what to know: Workforce reset – Verizon will cut 15,000 jobs and shift roughly 200 stores to franchise operations, marking the company’s largest …

Additional cost saving measures include a reduction of consultants, streamlining of processes and reduced facilities, said Ericsson In anticipation of a challenging mobile market 2024, Ericsson has announced plans to cut its workforce in Sweden by 1,200. In a statement, …

Qualcomm will layoff 1,258 workers in San Diego and Santa Clara, beginning in December Pointing to the ongoing poor sales performance of its phone chips, Qualcomm notified the California Employment Development Department that it plans to cut 1,258 positions in …

T-Mobile US CEO Sievert said the roles being eliminated represent those that are ‘duplicative’ or are no longer relevant to the company’s current direction T-Mobile US this week revealed plans to cut 5,000 jobs, or about 7% of its workforce. …

Ericsson will shut down its self-provided U.S. field services operations as of October 1, and it’s laying off more than 750 people from its North American workforce. The company cited costs and a downturn in market demand as the reason …

Dell is set to cut about 5% of its global workforce, or about 6,000 jobs, amid a slump in PC demand and “uncertain” market conditions, according to a regulatory filing with the Securities and Exchange Commission. In the filing, the …

AT&T is proceeding with a three-year, $6 billion cost-cutting effort that includes asset sales and layoffs AT&T has confirmed that it will lay off around 4,700 employees and close 250 retail stores permanently. The Communications Workers of American union said …

Qualcomm, NXP continue to pursue acquisition despite China’s initial rejection Qualcomm and NXP Semiconductors bought more time to complete the combination of their companies by withdrawing and refiling their notice of acquisition in China. They did so at the request …

Microsoft announced it will layoff 7,800 employees as it restructures its phone business to accommodate the $7.6 billion acquisition of Nokia Devices and Services. In an e-mail to employees, Microsoft CEO Sataya Nadella said the move was in effort to …