archiveLay off

Struggling to cope up with the changing market dynamics, the IT hardware vendors seem to be experiencing the toughest phase of their business. Networking major Cisco Systems has joined the list of other struggling technology majors such as, Intel and Dell. Cisco has reportedly announced the plans to layoff over 5000 employees. According to the media reports, Cisco is planning to lay off 5,500 employees, which account for nearly 7 percent of its workforce. The decision is likely to impact Cisco’s India operation, especially employees in its R&D center in...

Flipkart is reportedly laying off its employees who have failed to meet professional expectations. Quoting the sources in the company, the ET report stated that the decision is expected to impact 700 to 1,000 staff. “The cleanup is a part of the process of making Flipkart a lean organization,” ET report quoted one of the people cited above. The move, while not unique to Flipkart, is reflective of the challenging times for the online retail industry, as well as the company, which is attempting to find a balance between saving costs and...

Ericsson is reportedly planning to lay off between 3,000 and 4,000 staff this summer, according to Swedish newspaper Svenska Dagbladet. Thousands more may have to go at the network equipment manufacturer as management look for additional cost savings of 10 billion Swedish kronor (US$1.2 billion), the newspaper said, citing anonymous sources. Ericsson had around 115,000 staff in April, 17,000 of them in Sweden. A spokeswoman declined to discuss the news report, saying the company does not comment on rumors and speculation. Ericsson is facing increasing competition from Nokia, which swallowed its...