List of Layoffs VIIgreenspun.com : LUSENET : Grassroots Information Coordination Center (GICC) : One Thread |
List of Layoffs VIList of Layoffs I
-- spider (spider0@usa.net), April 15, 2001
Sunday April 15 11:00 PM EDT Outpost.com cuts 30 percent of work force By Steven Musil CNET News.comOutpost.com, an Internet retailer of technology products, has laid off 110 workers, or 30 percent of it work force, the company announced.
-- Martin Thompson (mthom1927@aol.com), April 16, 2001.
April 16, 2001 Ericcson laying off 30,000 instead of 3100.April 16, 2001 First Union/Wachovia merger plan on laying off 7000
April 16, 2001 Merrill Lynch laying off 1000.
April 16, 2001 Eaton 600.
-- Paul (skypilot99@aol.com), April 16, 2001.
April 15, 2001 BevAccess.com fired 15 people or 50%April 15, 2001 Themestream closed.
-- Paul (skypilot99@aol.com), April 16, 2001.
April 17, 2001 Cisco 8500.April 17, 2001 Phillips perhaps 6000.
April 17, 2001 Ameritrade 260.
-- Paul (skypilot99@aol.com), April 17, 2001.
April 17, 2001 Accenture may lay off 4,000 to 5,000 people.April 17, 2001 DigiScents.com closed. Laid off all 70 employees.
April 17, 2001 TheSquare.com laid off it's entire staff.
April 17, 2001 Macromedia/Allaire laying off 200.
April 17, 2001 YadaYada Inc. may be closing.
April 17, 2001 ThemeStream.com closed.
April 17, 2001 Outpost.com laid off 114 employees.
April 17, 2001 Air2Web firing 30.
April 17, 2001 FoodGalaxy.com laid off 20 people out of 50.
April 17, 2001 Ourhouse.com laying off more than 50% by end of July.
April 17, 2001 BevAccess.com fired 15 people or 50%.
-- Paul (skypilot99@aol.com), April 17, 2001.
April 17, 2001 Kodak 3500.April 17, 2001 Texas Instruments 2000.
April 17, 2001 Phillips 7000 (not 31,000 as previously listed).
April 17, 2001 Delta's Conair laying off 200 pilots. Idleling 17 planes.
April 17, 2001 Ericcson "discussing" 3000 layoffs with union.
April 17, 2001 Timken 1500.
April 17, 2001 Janus 45 (second round of layoffs).
April 17, 2001 Convergent Communications 400 (second round).
April 17, 2001 Millipore 400 or 8%.
-- Paul (skypilot99@aol.com), April 17, 2001.
TI trims jobs, beats 1Q4:44 p ET Texas Instruments said Tuesday it would lay off 2,500 employees, about 6 percent of its work force, as it reported a sharp decline in first-quarter earnings that beat Wall Street's lowered expectations.
-- Martin Thompson (mthom1927@aol.com), April 17, 2001.
LONDON (CNN) - Philips expects to post a loss in the second quarter amid weaker demand and plans to slash up to 7,000 jobs, the Dutch firm said on Tuesday.Europe's biggest electronics maker and third-biggest chipmaker said its semiconductor business has been especially affected by the downturn in the telecoms and personal computer markets.
-- Martin Thompson (mthom1927@aol.com), April 17, 2001.
April 18, 2001 Snowball.com is gonna lay off 33%. May be delisted.April 18, 2001 CBS's SportsLine.com cut 20%
April 18, 2001 BeVocal laying off 38
April 18, 2001 2000 laid off. $6 billion in debt. Missed payments to Lucent. Chapter 11.
-- Paul (skypilot99@aol.com), April 18, 2001.
"April 18, 2001 2000 laid off. $6 billion in debt. Missed payments to Lucent. Chapter 11."Hi Paul, which company is this please? Thanks,
-- Doris (nocents@bellsouth.net), April 18, 2001.
Wednesday April 18, 8:51 AM EDT By Ian Simpson NEW YORK (Reuters) - U.S. computer and printer maker Hewlett-Packard Co. (HWP) said on Wednesday said it expected to report an earnings shortfall for the second quarter and said it would cut up to 3,000 management jobs.
-- Martin Thompson (mthom1927@aol.com), April 18, 2001.
April 18, 2001
PALO ALTO, Calif. (AP) -- Computer giant
Hewlett-Packard plans to cut up to 3,000
management jobs to cut costs as it expects
to fall short of earnings and revenue
expectations for its second fiscal quarter.
-- spider (spider0@usa.net), April 18, 2001.
April 18, 2001 Doris. Whoops. Tossed my scriblings away but I think the company that filed for chapter 11 and missed payment to Lucent is Winstar or something like that.April 18, 2001 Aspect Communications laying off 15%.
April 18, 2001 Tellabs 350 employees.
-- Paul (skypilot99@aol.com), April 18, 2001.
April 18, 2001 Surprise intermeeting interest rate reduction. Stock market soaring. Will this be the "turn-around" for the economy, or will it still collapse? hmmmm.
-- Paul (skypilot99@aol.com), April 18, 2001.
SAN FRANCISCO, April 18 — Business software maker Siebel Systems Inc. is expected to announce the layoffs of hundreds of workers as it seeks to stymie a slump in sales.THE SPECIFIC NUMBER of cuts is expected to be disclosed as part of Siebel’s first-quarter earnings announcement, scheduled for release after the markets close Wednesday.
“I’m expecting the layoffs to be in the 10 percent range (of the total work force),” said industry analyst Patrick E. Mason of Wit Soundview in San Francisco. As of Dec. 31, San Mateo-based Siebel employed nearly 7,400 workers.
-- Martin Thompson (mthom1927@aol.com), April 18, 2001.
TOKYO (4/19/2001, 8:03 a.m. CDT)
Sega cutting one quarter of work force
-- spider (spider0@usa.net), April 19, 2001.
Thursday, April 19, 2001
Swedish Health Services, hammered by declining
insurance reimbursements and increasing operating
costs, plans to eliminate 200 positions over the
next two years.
-- spider (spider0@usa.net), April 19, 2001.
ID - COEUR d'ALENE -- Parrott Mechanical eliminated 75 jobs Wednesday, 60 in Coeur d'Alene and 15 in Spokane, in a move it said was necessary to ensure the company's "long-term viability." http://www.cdapress.com/pages/news/news3.html-----------------
PA - Tollgrade cutting staff in face of telecom slump. Citing a downturn in telecommunications equipment orders, Tollgrade Communications Inc. today announced it will lay off roughly 80 workers in spite of 25 percent jump in first-quarter revenue. http://www.post-gazette.com/breaking/20010419tollgrade4.asp
------------------
MA - GREENFIELD More than 70 people will lose their jobs next month when the A&P Super Foodmart on the Mohawk Trail closes because of lagging sales. http://www.masslive.com/newsindex/chicopee/index.ssf?/news/pstories/f4 19mart.html
-- Doris (nocents@bellsouth.net), April 19, 2001.
TX - Vetrotex to lay off 128 local (Wichita Falls) employees A temporary shutdown of one of its furnaces led Vetrotex America to a decision to trim 128 jobs from its employee ranks effective June 2. http://www.trnonline.com/stories/04192001/local_news/24370.shtml
-- Doris (nocents@bellsouth.net), April 19, 2001.
IL - 'Painful' Tellabs cuts hit close to home After a final bearhug from one of her coworkers, the Tellabs employee let go of 16 years of service. Clutching some papers and a house plant, she walked slowly to her car outside the company's Lisle headquarters, one of 550 workers laid off Wednesday by the telecommunications giant. http://www.dailyherald.com/dupage/main_story.asp?intID=3700065----------------------
HONOLULU - St. Francis Healthcare System will cut 150 jobs because of reorganization, higher medical costs and lower government funding for Medicare. http://www.mauinews.com/nrxintst.htm
-- Doris (nocents@bellsouth.net), April 19, 2001.
NEW YORK (Reuters) - PPG Industries Inc.(NYSE:PPG - news), which makes coatings for transportation and other industries, said on Thursday its first-quarter earnings fell sharply on high energy and raw material costs, and that it was cutting nearly 1,500 jobs, or 4 percent of its global work force. ----------------------------------------- Nortel reports first operating loss since 1993; chops another 5,000 jobs WebPosted Thu Apr 19 17:46:21 2001 ---------------------------------------- Interfor closes mill, 500 workers to lose jobs WebPosted Thu Apr 19 11:07:54 2001VANCOUVER - International Forest Products Ltd. plans to close its Fraser Mills sawmill in Coquitlam, B.C., in a move that will throw 500 people out of work. ---------------------------------------- Thursday April 19 5:58 PM ET to Cut 5 Percent of Staff
NEW YORK (Reuters) - KPMG Consulting Inc. said on Thursday it will cut about 5 percent of its workforce in the United States and Canada due to decreased demand for the company's services -- the consulting firm's second staff cut this year.
KPMG said the cost of the layoffs, which will affect between 450 and 550 employees, will result in a charge of between $15 million and $20 million, to be recorded in the June quarter. ----------------------------------------------- Thursday, April 19, 2001 - 12:00 a.m. Pacific
Three more companies join layoff parade
By Tricia Duryee Seattle Times business reporter
As the economic slowdown persists, so do layoffs. Both Redmond-based Data I/O and CBS Sportsline.com, which has an office in Tacoma, announced layoffs yesterday. And Seattle-based Aventail, which makes applications accessible online, recently laid off one-fifth, or 60, of its employees nationwide.
Aventail's layoffs came as the company completed a reorganization last week. A spokeswoman said roughly 240 employees are still with the company. -------------------------------------- Celestica shares surge after profits double; to cut 3,000 jobs WebPosted Wed Apr 18 19:04:50 2001 ------------------------------------- Digital Unit at Times Co. Cuts More Jobs
By FELICITY BARRINGER
For the second time this year, The New York Times Company's digital unit has cut jobs, laying off 47 more people, a company spokeswoman said yesterday.
The latest cutbacks at New York Times Digital are in addition to 69 people who were laid off in January. The spokeswoman, Catherine Mathis, said two-thirds of the layoffs were at Abuzz, an information-sharing business that the company bought in 1999, and at Winetoday.com.
-- CAkidd (CAkidd_94520@yahoo.com), April 19, 2001.
Wow. alot of small layoffs listed here since I was online Thursday afternoon. I just wonder how many "local" layoffs in towns and cities we aren't hearing about.
-- Paul (skypilot99@aol.com), April 20, 2001.
April 20, 2001 Ericsson: 5000 more jobs added to previous 15,000.April 20, 2001 Nortel: 5000 more jobs added to previous 15,000. 1/4 of total world workforce. $2.6 billion loss first quarter of 2001. How can a business lose that much money & still survive? Sheesh
April 20, 2001 Midwest Express 450 or 7%.
April 20, 2001 Netsat 44%.
-- Paul (skypilot99@aol.com), April 20, 2001.
New tech layoffs bring total in Seattle area to 10,899
Friday, April 20, 2001
-- spider (spider0@usa.net), April 20, 2001.
Delphi Automotive Systems will temporarily lay off 273 workers at its plant in Limestone County next week, said Karen Birchmeier, media relations manager at Delphi's Saginaw, Mich., office.The company has temporarily laid off hundreds of workers here, usually for a few weeks at a time, since the beginning of the year.
-- Martin Thompson (mthom1927@aol.com), April 21, 2001.
April 21, 2001 Silicon Graphics may be laying off 1000.April 21, 2001 Ask Jeeves may be laying off 50%.
April 21, 2001 Personify.com gone from 200 to 45
April 21, 2001 Gateway: May be gearing up for more layoffs. Projects being cut. Moved to cheaper headquarters...etc.
April 21, 2001 Hitplay.com closed.
April 21, 2001 Works.com laying off 50 in the next few days.
April 21, 2001 KPMG is gonna cut 5% of staff
April 21, 2001 Chatfish.com laid off 11 of 32 people.
April 21, 2001 Extreme Championship Wrestling bankruptcy.
April 21, 2001 Dell has had 2 (they say 1) layoffs. They may be having another soon which will be significantly larger than last two combined.
April 21, 2001 eLetter.com closed.
April 21, 2001 Listen.com may have 2nd round of layoffs by Friday... another 20-30 people
April 21, 2001 Edgix Corp. closing & firing most of its 100 employees.
April 21, 2001 Disney shutting MrShowBiz.com & WallOfSound.com.
-- Paul (skypilot99@aol.com), April 21, 2001.
April 22, 2001 Honeywell 6500 employees.April 21, 2001 AptarGroup cutting 100.
-- Paul (skypilot99@aol.com), April 21, 2001.
April 20, 2001, 1:50 p.m. PT update High-end computer maker SGI posted a net loss of $141 million Friday and announced it would lay off 1,000 employees as part of a plan to break even financially in a few months.
-- Martin Thompson (mthom1927@aol.com), April 21, 2001.
April 21, 2001 CALAIS, France - 15,000 to 30,000 protested job cuts at the Danone cookie factory in Calais, France which protestors have dubbed the "capital of the resistance" to globalization. The French food giant will shut 16 of its 36 European factories & lay off 1,800 workers.
-- Paul (skypilot99@aol.com), April 22, 2001.
April 23, 2001 Flooz.com will layoff around 75% of staff this week.April 23, 2001 Price Waterhouse may lay off 1,000
April 23, 2001 Trilogy laid off 350 or 35%.
April 23, 2001 Coremetrics may have 2nd round of layoffs end of month after prior 30% laid off April 9th.
-- Paul (skypilot99@aol.com), April 22, 2001.
APRIL 22, 10:05 ESTSilicon Graphics To Cut 1,000 Jobs
MOUNTAIN VIEW, Calif. (AP) — Silicon Graphics Inc., a maker of high- performance computers, will cut 1,000 jobs, or 15 percent of its work force, after it posted wider-than-expected third-quarter losses
-- Martin Thompson (mthom1927@aol.com), April 22, 2001.
April 23, 2001 3Com: May 7th may bring the first of two massive layoffs at 3Com, perhaps 1500 to 3000 jobs. All departments have been told to cut budgets by 50%.
-- Paul (skypilot99@aol.com), April 23, 2001.
April 23, 2001 3Com 5000 jobs or 7% (I might have misheard and it might be 3M but I think it was 3Com) :)April 23, 2001 Dibole 600 jobs.
April 23, 2001 Clorox 50 employees. Closing Georgia kitty litter plant.
April 23, 2001 Internap 118 or 15%.
-- Paul (skypilot99@aol.com), April 23, 2001.
3M to Cut 5,000 Jobs (AP) - 3M plans to eliminate 5,000 jobs, or 7 percent of its work force, over the next 12 months as it restructures. ``While no one likes to eliminate jobs, this action is consistent with our resolve to achieve solid growth, make the whole organization faster, and advance 3M to an even higher level,'' W. James McNerney Jr., chairman and chief executive, said Monday.
-- CAkidd (CAkidd_94520@yahoo.com), April 23, 2001.
Houston, April 23 (Bloomberg) -- Compaq Computer Corp. said first- quarter profit fell 21 percent, hurt by a slump in sales of home personal computers and powerful servers. The biggest PC maker will fire 2,000 more people, bringing the cuts announced this year to 7,000, or 10 percent of the workforce.
-- Martin Thompson (mthom1927@aol.com), April 23, 2001.
UK Redstone Telecom yesterday said it planned to make 85 staff redundant to reflect the City's more cautious approach to funding hi-tech companies.The job losses represent 12% of the Redstone workforce and will be made at the company's head office in Borehamwood, Hertfordshire.
-- Martin Thompson (mthom1927@aol.com), April 23, 2001.
SEATTLE (Reuters) - Internet connectivity company InterNAP Network Services Corp. (NasdaqNM:INAP - news) said on Monday it eliminated 118 positions in addition to a previously announced 65 cuts as part of a cost-cutting reorganization.Prior to both headcount reductions, InterNAP employed 798 people. InterNAP announced the 65 staff cuts in March.
The company said these changes provide InterNAP with greater overall efficiency and financial muscle.
It declined to comment on whether or not it would take a charge.
-- CAkidd (CAkidd_94520@yahoo.com), April 24, 2001.
April 24, 2001 Compaq 2000 added to previous 5000.April 24, 2001 Conseco Inc. 2,000 or 14%.
April 24, 2001 Morgan Stanley 1300.
April 24, 2001 Exide close plant. Unspecified number of layoffs.
April 24, 2001 Lear. Unspecified number of layoffs.
April 24, 2001 UBS Warburg. Unspecified number of layoffs. I think this is second round of layoffs for Warburg.
April 24, 2001 Microsoft & G.E. combining websites. Unspecified number of layoffs.
-- Paul (skypilot99@aol.com), April 24, 2001.
April 24, 2001 Juno may be laying off 1/3 in next few days.April 24, 2001 Convergent Communications closed
April 24, 2001 Iwix.net closed.
-- Paul (skypilot99@aol.com), April 24, 2001.
AT&T Cable is closing our local office and laying off 20 office workers and 10 from the warehouse = total 30. Apparently ATT Cable is laying off statewide and in Nevada. I haven't seen any reports in the news, this is what the office worker told me when I paid my bill, their last day is April 30.
-- CAkidd (CAkidd_94520@yahoo.com), April 24, 2001.
LOTS OF LAYOFFS TODAY. YET STOCK MARKET CREEPING UP..April 24, 2001 JDS Uniphase 5000 or 20%. Closing 25 buildings.
April 24, 2001 Lucent another 8000.
April 24, 2001 Lucent's Agere 2000. I think this is in addition to Lucent's 8000. Agere just went public month ago. Already laying off.
April 24, 2001 Copper 2000
April 24, 2001 Phelps Dodge 500.
April 24, 2001 Goodyear another 600.
April 24, 2001 Bristel Myers 195. Closing plant.
April 24, 2001 GE's Transportation Unit 450 or 5%.
April 24, 2001 WJ Communication 20%.
April 24, 2001 Disney cutting in Animation department.
APPROXIMATELY 20,000 TOTAL LAYOFF ANNOUNCEMENTS.
-- Paul (skypilot99@aol.com), April 24, 2001.
Tuesday April 24 2:34 PM ET Pillowtex To Close Plants in JuneKANNAPOLIS, N.C. (AP) - The financially-struggling Pillowtex Corp. will close plants in Newton and Rocky Mount by the end of June, putting about 290 people out of work, the company said Tuesday.
The Dallas-based textile company whose brands include Fieldcrest, Cannon and Royal Velvet is reorganizing under Chapter 11 bankruptcy protection.
It makes blanket yarn at its plant in Newton while its plant in Rocky Mount makes decorative bedding exclusively for Ralph Lauren under a contract expiring JUne 30.
--------------------------- BroadVision cuts staff as orders stall By Chris Kraeuter, CBS.MarketWatch.com Last Update: 5:19 PM ET Apr 24, 2001
REDWOOD CITY, Calif. (CBS.MW) -- BroadVision will cut 345 employees, or 15 percent of its work force, as well as other costs and expenses, as first-quarter revenue came in less than expected.
The e-commerce software company (BVSN: news, msgs, alerts) employed 2,200 people prior to the cuts. Sales and engineering will be least affected. ---------------------------
Just heard over the radio KFBK-Sacramento:
Web-Van, a grocery delivery service in the Sacramento area will close its doors and layoff all its staff. Deliveries scheduled for this week will take place. They regret any inconvenience this may cause you. I don't know how many employees will be let go, but they have a large warehouse and several delivery trucks.
-- CAkidd (CAkidd_94520@yahoo.com), April 24, 2001.
euters | CNET | Internet Report | ZDNet | The New York Times | NewsFactor | MacCentral | AP | More ...Tuesday April 24 12:34 PM ET Agere Systems To Cut 2,000 Jobs
By JENNIFER BROWN, Associated Press Writer
PHILADELPHIA (AP) - Agere Systems, the semiconductor business recently spun off from Lucent Technologies, announced Tuesday it will cut 2,000 jobs or 11 percent of its work force, blaming the weak communications market.
-- CAkidd (CAkidd_94520@yahoo.com), April 24, 2001.
Go to:
12:15pm update
3,000 jobs to go in Motorola closure--facility to close despite intervention from prime minister Tuesday April 24, 2001
Communications giant Motorola today confirmed plans to close the Bathgate plant in Scotland where more than 3,000 workers make mobile phones.
A Motorola statement said: "This proposal potentially affects all of the 3,100 employees at the site, although no final decision has yet been made.
The decision is a huge blow to the region's economy and would present the Government with a problem close to the expected general election. Prime minister Tony Blair personally intervened by pleading for jobs to be safeguarded when Motorola announced earlier this month that cutbacks were being considered.
-- CAkidd (CAkidd_94520@yahoo.com), April 24, 2001.
April 25, 2001 Flextronics 2700.April 25, 2001 SCI 5000 to 6000.
April 25, 2001 Broadvision 345 or 15%.
April 25, 2001 Averon 350.
April 25, 2001 Boeing 62.
April 25, 2001 T. Rowe Price 50.
April 25, 2001 Cargill closing 3 plants & laying off unspecified number.
-- Paul (skypilot99@aol.com), April 25, 2001.
The local NW Ohio news is full of the 2000+ layoffs from Jeep. That is about 40-45% of the work force.
-- CAkidd (CAkidd_94520@yahoo.com), April 25, 2001.
18:26 EDT TuesdayGolden Valley-based CyberOptics Corp. implemented an aggressive cost- reduction program to offset weakness in its markets that includes a layoff of 10 percent of its work force and salary reductions.
-- Martin Thompson (mthom1927@aol.com), April 25, 2001.
Canadian Pacific Railway Co. is eliminating 500 jobs and taking other cost-cutting measures after it reported the weakest first-quarter results among the operating divisions of parent Canadian Pacific Ltd
-- Martin Thompson (mthom1927@aol.com), April 25, 2001.
April 25, 2001 Dell may be laying off 2600 more May 16 or 17April 25, 2001 YouKnowBest.com laid off 17 which is most of staff.
April 25, 2001 PDQuick is going out of business.
April 25, 2001 AvantGo laid off 50 people or 25%
April 25, 2001 Shades.com will be shutting down April 29, 2001
April 25, 2001 Circle.com shutting down S.F. office end of the month.
April 25, 2001 Digital Impact laid off 70 people or 15%.
April 25, 2001 ComedyWorld.com closed.
April 25, 2001 iPass.com cut 15%
April 25, 2001 iSyndicate laid off 43 people. Three layoffs in 2 months.
April 25, 2001 120 people or 2/3s of Sega.com fired.
-- Paul (skypilot99@aol.com), April 25, 2001.
April 25, 2001 Viasystems closing 2 plants. Firing 1200.April 25, 2001 Motorola closing Scotland plant. 3000. Not sure if this is included in previous announced cuts.
April 25, 2001 Aneron Microwave cutting workers.
April 25, 2001 Novatel Wireless 100.
-- Paul (skypilot99@aol.com), April 25, 2001.
OhioCCA to issue layoff notices
From staff, wire reports
Just a day after the owners of the private prison on Hubbard Road in Youngstown gave a 120-day notice to close the facility, Corrections Corporations of America announced Tuesday that it will give layoff notices to more than 180 employees.
The shutdown, which was announced Monday, will mean the loss of more than 500 jobs. The warden and a handful of employees will remain at the prison after the closing to provide site security, spokesman Steve Owen said.
-- Martin Thompson (mthom1927@aol.com), April 25, 2001.
Orlando microchip maker Cirent Semiconductor plans to dismiss another 100 workers as part of a major downsizing by its parent company, Agere Systems Inc.
-- Martin Thompson (mthom1927@aol.com), April 25, 2001.
Earthlink Cuts 900 PositionsATLANTA (AP) - EarthLink has eliminated 900 jobs, or 12 percent of its work force, stemming partly from its merger last year with fellow Internet service provider OneMain.com.
EarthLink president Michael McQuary said Tuesday that the cuts, which leave 6,477 employees, are due to attrition and the closing of some former OneMain offices in the Midwest.
``We didn't cut the staff by 900,'' McQuary said. ``There were two things going on: First, we integrated the OneMain.com acquisition, and a lot of remote locations were closed down. As we centralized, we gave people the option to relocate, and a lot of them said no."
------------------------
Option to relocate to where? Siberia? Silly Valley,
-- CaKIDD (CAkidd_94520@yahoo.com), April 26, 2001.
April 26, 2001 Freeride.com closing April 30, 2001.April 26, 2001 Wilson Sonsini Goodrich & Rosati lawfirm laid of 10.
April 26, 2001 iMotors laid off their entire staff & closed their doors!
April 26, 2001 Pilot.net laying off close to 100%.
April 26, 2001 Skillset.com closed.
-- Paul (skypilot99@aol.com), April 26, 2001.
April 25, 2001 - International Paper will shut its Moss Point plant by the end of June, possibly putting 375 people out of work and ending a long saga of layoffs and temporary closings.April 25, 2001 - BUDAPEST, Hungary German electronics maker Siemens AG plans 3,500 more job cuts and scrapped earlier forecasts for robust growth this year. The new job cuts would be in Germany and the United States over the next 18 months, mostly in the Siemens sales unit.
April 25, 2001 - Continuing a consolidation begun earlier this year, application service provider USinternetworking said it will hand out pink slips to another 250 employees. The company also reduced its revenue forecast for the year from $180 million to $150 million.
April 25, 2001 - The Timken Co. said Thursday it will close its bearing plant in England as part of a global cutback in the company's operations. The plant, which employs 950 people at the Duston plant in Northampton, 65 miles northwest of London, will be phased out within 20 months, the Canton, Ohio-based company said.
April 25, 2001 - Televisa will lay off 2,500 employees, cancel two remote-control units and reduce the number of technicians and production staff.
April 25, 2001 - Zilog Inc. recently reduced its work force by 10 percent in response to the downturn in the electronics industry. The reduction of 100 employees primarily affects three locations, including Austin. The company operates a customer service center and a design center in Austin.
April 25, 2001 - Stonebridge Technologies Inc. has laid off 15 employees in its Austin office. Privately held Stonebridge is a technology consulting company.
April 25, 2001 - Andover-based MKS Instruments Inc., an instrument supplier to the semiconductor industry, said it has laid off approximately 127 employees, or 6 percent of its work force, as it reported revenue dropped 23 percent from fourth quarter 2000.
-- Doris (nocents@bellsouth.net), April 26, 2001.
April 26, 2001 - Oroville Mercury-RegisterSpectra-Physics has laid off about 140 employees over the past 3 weeks from its Oroville facility. The technology company, which specializes in semi-conductor-based-lasers, fiber optics and bandwidth expansion for the internet, hit a peak of growth in its employee base in January with 400 people.
-- CAkidd (CAkidd_94520@yahoo.com), April 26, 2001.
Six months ago, Bancroft Products, a nonprofit manufacturing plant in Concord, NH, known for hiring refugees and people with disabilities, was planning to add 130 jobs and a 12,000-square-foot addition. But a sudden downturn in the economy has forced the company to hold off on expansion plans and to lay off about 80 percent of its work force - 260 employees.
-- Doris (nocents@bellsouth.net), April 26, 2001.
12:51 EDT ThursdayWebvan delivers 885 layoff notices The Internet grocery delivery service Webvan today cut roughly 900 jobs by closing down its operations in Atlanta and trimming staff at its Foster City headquarters.
The cuts come just days after announcing that the company was discontinuing service to Sacramento on Friday. All 18 employees in Sacramento were sent packing.
4/26/01 11:17 AM
PARIS (AP) -- French appliance group Moulinex-Brandt said Thursday that it plans to shed 4,000 jobs worldwide, or 18.6 percent of its global work force, as part of a plan to become profitable.
-- Martin Thompson (mthom1927@aol.com), April 26, 2001.
April 26, 2001 Sun Microsystems forcing employees to take the first week of July offApril 26, 2001 Muze Inc. fired 27 people.
-- Paul (skypilot99@aol.com), April 26, 2001.
Previously unlisted layoffs I believe.March 26, 2001 Omnova Solutions Inc. closing N.C. plant. Laying off 100. Phelps Dodge 85 workers. All-States Quality Foods closed an auxiliary plant and laid off 30 workers. Gilian Technologies laid off 15% of its workforce. Capita Technologies Inc. Beachwood office & fired 42 employees. Polyclad Laminates Inc. Second layoff reducing by 40, or 20% of 201. R.R. Donnelley and Sons Co. will lay off 225 workers by May 25. Slater Steel Inc. closing meltshop at Fort Wayne Specialty Alloys. Firing 49 after previous 37. Topeka Metal Specialties will lay off 36 employees.
March 28, 2001 Creative Planet laid off additional 75 employees to previous 70 in Dec. HomePortfolio Inc. laid off about 20. Has 70 remaining employees. Viant Corp. of Boston closed three offices & laid off 211 or 38%. AVX Corp. cutting unspecified number of it's 700 employees.
March 29, 2001 Interpath Communications laid off 20 engineers. 3rd cutback since summer. 27 people.
-- Paul (skypilot99@aol.com), April 26, 2001.
April 26, 2001 - Restructuring at Bell Canada cost 1,900 jobs, the phone company's parent firm, BCE Inc. revealed Wednesday.April 26, 2001 - TORONTO - Amidst a marked slowdown in stock market trading, TD Waterhouse has announced plans to cut up to 1,500 jobs by the end of the year as part of a $200 million US cost-cutting initiative.
-- Doris (nocents@bellsouth.net), April 26, 2001.
Ventro Cuts Workforce by One-ThirdMOUNTAIN VIEW, Calif. (Reuters) - Business-to-business service provider, Ventro Corp. (NasdaqNM:VNTR - news) on Thursday said it would cut its workforce by about 85 people or one third the former number.
The company said it will start the job cuts immediately.
-- CAkidd (CAkidd_94520@yahoo.com), April 26, 2001.
Thursday April 26 2:54 PM ET International Paper to Close MillMOSS POINT, Miss. (AP) - International Paper's struggling Moss Point mill will close by the end of the summer because of high costs and decreased demand.
The mill employs 375 and has temporarily shutdown twice this year already.
``We sincerely regret the effect this decision will have on the employees, their families and the surrounding communities,'' said mill manager Ed Locke in a statement Wednesday. ``Due to the economies of scale and age, the mill is a high cost facility.''
-- CAkidd (CAkidd_94520@yahoo.com), April 26, 2001.
Thursday April 26 12:32 PM ET Sara Lee Cuts Up to 1,400 JobsCHICAGO (AP) - Sara Lee Corp. is laying off an additional 1,300 to 1,400 workers at its underwear manufacturing plants in Central and South America amid the continuing economic and retail slowdown.
The job cuts represent less than 1 percent of the consumer goods maker's work force and are in addition to the 7,000 announced in January as part of its continuing restructuring, spokeswoman Julie Ketay said Thursday.
-- CAkidd (CAkidd_94520@yahoo.com), April 26, 2001.
Thursday April 26 7:08 AM ET Electronic Giant Siemens Cuts 3,500BUDAPEST, Hungary (AP) - The weakening telecom market hammered earnings at Siemens AG (news - web sites), the electronics giant said Thursday as it announced 3,500 new job cuts.
Munich-based Siemens, which held its earnings conference in Budapest to highlight its international business base, saw net earnings rise slightly ower than expected - 9 percent to $505 million in the January-March period, after stripping out one-time costs and gains.
In addition to the 2,600 cuts in Germany already announced earlier this year in its mobile telephone division, Pierier said another 3,500 would be cut in Germany and the United States over the next 18 months, mostly in the Siemens sales unit. Roughly 2,100 U.S. workers are to be aid off.
-- CAkidd (CAkidd_94520@yahoo.com), April 26, 2001.
April 26, 2001 | Print this storyTeledyne Lays Off 300 Workers, Expects More Cuts
From Bloomberg News
Teledyne Technologies Inc., which makes electronic relays used to test computer chips, dismissed 300 employees, or 5% of its work force, to cut costs Wednesday. It plans to eliminate more jobs and said second-quarter and full-year profit will be less than analysts' estimates. The move is expected to save about $13 million a year, the Los Angeles-based company said in a prepared statement. Teledyne will take a second-quarter pretax charge of $5 million to $10 million to cover the cost of the actions. Teledyne is reacting to declines throughout its industry. Intel Corp., the No. 1 chip maker, said first-quarter sales dropped 16% and announced plans to cut 5,000 jobs as the slowing economy hurt demand for personal computers and networking gear.
-- CAkidd (CAkidd_94520@yahoo.com), April 26, 2001.
euters | AP | The New York Times | Motley Fool | TheStreet.com | Industry Standard | Videos | More ...Thursday April 26 7:07 AM ET Sensormatic Earnings Drop, Sets Layoffs
BOCA RATON, Fla. (Reuters) - Sensormatic Electronics Corp. NYSE:SRM - news) on Thursday said its third-quarter net income fell 56 percent, citing a difficult economic environment, and it will lay off 450 employees to cut costs.
-- CAkidd (CAkidd_94520@yahoo.com), April 26, 2001.
Thursday April 26 9:11 AM ET TD Waterhouse Reducing StaffNEW YORK (Reuters) - TD Waterhouse Group Inc. (NYSE:TWE - news) (Toronto:TWE.TO - news), the No. 2 U.S. discount brokerage, said Thursday it may cut its staff by up to 18 percent through attrition, joining a list of firms reducing staff amid weak stock markets.
The company will lower its work force to 7,500 workers by April 30 from 8,180 workers at the end of February. The reduction will be made through attrition, meaning the firm will not replace staffers who leave.
If the stock market is persistently weak after that, the company said it will cut its work force to 6,700 by Oct 31. If these reductions occur, TD Waterhouse expects to save $60 million in compensation costs by the end of its fiscal fourth quarter.
-- CAkidd (CAkidd_94520@yahoo.com), April 26, 2001.
Thursday April 26 7:07 PM ET Corning Cutting 1,000 More JobsCORNING, N.Y. (AP) - Fiber-optics maker Corning Inc. is eliminating 1,000 jobs on top of 3,300 already targeted in recent weeks as it scrambles to rebound from a slump in telecommunications markets.
Overall, the work force cuts account for 10.75 percent of Corning's payroll of 40,000.
-- CAkidd (CAkidd_94520@uyahoo.com), April 26, 2001.
Thursday, April 26, 2001 - Louisville-based AtLink Networks Inc. filed for Chapter 11 bankruptcy protection on Wednesday, laying off 200 workers - including 50 in Colorado - as it seeks a way to survive the bankruptcy of its largest customer.
-- Martin Thompson (mthom1927@aol.com), April 27, 2001.
Internet infrastructure software maker Marimba announced Thursday that it would cut its work force by 20 percent, or 60 people, and discontinue Marimba.net, the company's managed services division
-- Martin Thompson (mthom1927@aol.com), April 27, 2001.
April 27, 2001 Timken 1500.April 27, 2001 Robert Stephenson 250 or 19%.
-- Paul (skypilot99@aol.com), April 27, 2001.
I am sure there are a lot more companies laying off that we do not hear about. In my town, WalMart, and ALL supermarkets are laying off people, but you don't hear about it in the newspapers or on the internet. I estimate alone in our town that 300+ have been let go this past month. However, the county is hiring 40+ people to interview welfare recipients for welfare benefits. Go figure......
-- CAkidd (CAkidd_94520@yahoo.com), April 27, 2001.
April 27, 2001 Unilever 8000.April 27, 2001 ECI Telecom 1000
April 27, 2001 PriceWaterhouseCoopers 1100. It appears this is in addition to previous announcement of layoffs.
April 27, 2001 Teletech 300.
-- Paul (skypilot99@aol.com), April 27, 2001.
April 27, 2001 Webvan closed Sacramento office other day. Now it's firing 485 employees at the Atlanta facility and shut down operations.April 27, 2001 Ventro.com laid off 80 to 90 or 30%
April 27, 2001 Impresse.com closed.
April 27, 2001 @link, DSL provider closed.
April 27, 3001 Excite@Home may lay off alot on the 30th.
Arpil 27, 2001 Verticalnet.com may lay off 350 or 20%.
April 27, 2001 Marimba laying off 60.
-- Paul (skypilot99@aol.com), April 27, 2001.
Getting hard to find the bottom of this thread!NEW YORK (Reuters) - Comair, a regional carrier owned by Delta Air Lines Inc. (DAL), said on Friday that it would lay off 2,000 employees, blaming the protracted strike by its pilots over wages and benefits.
Cincinnati-based Comair, the nation's second-largest regional carrier, said the layoffs would take place from May 13, affecting about half of its 4,000 employees who are not on strike.
-- Martin Thompson (mthom1927@aol.com), April 27, 2001.
Friday April 27 4:25 PM ET Knight Ridder to Cut JobsBy: Derek Caney
NEW YORK (Reuters) - Knight Ridder Inc. (NYSE:KRI - news) on Friday became the latest newspaper publisher to announce plans for job cuts as a result of an industrywide advertising slump and newsprint cost increases.
A spokeswoman for the publisher of the San Jose Mercury News, the Miami Herald and the Philadelphia Inquirer would not specify the number of cuts or which departments were targeted. But the company said in a statement job cuts would occur at most of its newspapers, depending on local conditions.
``I never have seen a fall-off as sudden or as steep as this one. I don't know anyone who is confident of a near-term or dramatic uptick,'' said Chief Executive Tony Ridder in a statement.
-- CAkidd (CAkidd_94520@yahoo.com), April 27, 2001.
Friday April 27 5:50 PM ET VerticalNet Laying Off WorkersBy JONATHAN POET, Associated Press Writer
PHILADELPHIA (AP) - VerticalNet Inc., once a Wall Street dot-com darling, is laying off 270 workers, or 25 percent of its work force as it transforms itself from an online marketplace company into being primarily a software provider.
Ultimately, the company is hoping to achieve profitability.
``In this environment, you can't think about much else,'' Michael J. Hagan, president and chief executive, said Friday.
Hagan is one of the co-founders of VerticalNet, which saw its stock price rise more than 3,000 percent from its initial public offering in February 1999.
-- CAkidd (CAkidd_94520@yahoo.com), April 27, 2001.
By Bloomberg, 4/27/2001C-bridge Internet Solutions Inc., a Web-consulting company based in Cambridge, will cut about 90 jobs, or 19 percent of its work force, to reduce costs.
The layoffs follow the loss of 105 jobs last month.
C-bridge had 480 employees on April 24, the company said in a release.
-- Martin Thompson (mthom1927@aol.com), April 28, 2001.
Cisco confirms 375 were laid off in stateAmid telecom slowdown, firm scales back expansion
By Peter J. Howe, Globe Staff, 4/28/2001
In another blow to the region's telecommunications sector, which seemed invincible a year ago, Cisco Systems confirmed yesterday it has laid off 375 of its 2,600 Massachusetts and New Hampshire employees.
Cisco is also slowing down indefinitely its aggressive plan to build a huge ''New England campus'' along Interstate 495 in Boxborough and Littleton. It is suspending one building project for at least six months and completing another office complex as only a semifinished shell, for now.
-- CAkidd (CAkidd_94520@yahoo.com), April 28, 2001.
Globalfarmers sacks 25Fordyce Maxwell Farming Editor (fmaxwell@scotsman.com)
THE dotcom business globalfarmers, set up 14 months ago with £3.6 million bank backing to galvanise old-fashioned farm trading, yesterday slashed staff numbers by more than half.
Making 25 staff at its Ingliston, Edinburgh, headquarters redundant was described as "streamlining" by chief executive Jonathon Land, with the foot-and-mouth epidemic taking a large share of the blame.
-- Martin Thompson (mthom1927@aol.com), April 28, 2001.
April 30, 2001 Beenz.com's final day may be June 29April 30, 2001 Wine.com closed & laid off everyone, over 80 people.
April 30, 2001 Ecampus.com fucked laid off 50%.
April 30, 2001 LocalBusiness.com closed & laid off all 100 staffers
April 30, 2001 Vitessa.com closed & laid everyone off
April 30, 2001 On24.com laid off 10% more.
-- Paul (skypilot99@aol.com), April 30, 2001.
4/30/01 3:43 PMJUPITER, Fla. (Dow Jones News) -- Photronics Inc. said Monday it will idle 8 percent to 10 percent of its workforce as it revamps its global photomask-making operations to save money.
The idling will affect up to 165 workers, according to the latest available figures on the Jupiter, Fla.-based company
-- Martin Thompson (mthom1927@aol.com), April 30, 2001.
REDWOOD CITY, Calif. (AP) via NewsEdge Corporation -ExciteAtHome Corp., which runs a Web portal and provides high-speed Internet access, is laying off 380 people, about 13 percent of its work force.
-- Martin Thompson (mthom1927@aol.com), May 01, 2001.
May 1, 2001 Dell: 3000 more layoffs?May 1, 2001 ABN Amro 500.
May 1, 2001 Memc 7%.
May 1, 2001 DailyRadar.com closed.
May 1, 2001 Epylon.com may be closing down.
-- Paul (skypilot99@aol.com), May 01, 2001.
Hitachi fires 18% of workersTuesday, May 1, 2001 at 09:30 JST
SINGAPORE — Hitachi Electronics Devices Singapore Pte Ltd, a Singaporean arm of Japan's Hitachi Ltd, on Monday notified 221 employees, or 18% of its workforce, that they are to be laid off, a Hitachi Electronics official said.
-- Martin Thompson (mthom1927@aol.com), May 01, 2001.
May 1, 2001 Xceed filed Chapter 11 & expects to be delisted from Nasdaq. Stock has fallen from $160. to 55cents. Probably close soon.May 1, 2001 Taos.com fired most of employees.
May 1, 2001 Platform.net lay off tthe remander of staff within weeks.
May 1, 2001 Koz.com may file chap. 11 & lay off additional 35 people.
-- Paul (skypilot99@aol.com), May 01, 2001.
May 1, 2001 Dow Chemical 4500 or 8%.May 1, 2001 Nextel 5%.
May 1, 2001 Mert Mining 5%.
-- Paul (skypilot99@aol.com), May 01, 2001.
POCATELLO — More bad economic news hit Pocatello Monday with American Microsystems Inc.'s announcement it will lay off 10 percent of its worldwide work force before May 19.Officials at AMI, which employs between 1,200 and 1,300 people locally and 1,800 to 1,900 worldwide, said the exact reduction would vary from department to department.
-- Martin Thompson (mthom1927@aol.com), May 01, 2001.
Kent furniture factory closing - - 260 workers to lose their jobs at Haworth2001-05-02 by Russ Zabel Journal Business Reporter
KENT -- Diminishing orders has caused Haworth Inc. to close its furniture manufacturing plant in Kent by the end of June, putting 260 people out of work.
The factory on South 208th Street started to wind down its operations April 12 when it eliminated its second shift, resulting in the layoffs of 71 workers, said Haworth spokeswoman Kristine Vernier.
The other shoe dropped on April 25 when the company announced it was ceasing operations entirely. That put another 171 staffers out of work.
-- Martin Thompson (mthom1927@aol.com), May 02, 2001.
55 dot coms closed last month.May 2, 2001 Volvo may lay off 3000 to 4000 soon.
May 2, 2001 Loudcloud 122 employees or 19%.
May 2, 2001 Bay View 100.
May 2, 2001 West Pharmacueticals 3%.
-- Paul (skypilot99@aol.com), May 02, 2001.
May 2, 2001 Vignette: 196 laid off for a total of 500 since January. They recently bought On-Display for $1billion and fired every single employee they brought in from there and then closed down the project.May 2, 2001 Carclub.com closed.
May 2, 2001 LipStream.com closed.
May 2, 2001 NibbleBox.com may close.
May 2, 2001 ApexLearning.com laid off 75.
May 2, 2001 eHobbies.com closed.
May 2, 2001 Homestore.com may lay off 400 of 2,000 by May 15
May 2, 2001 Liquid Audio is going to lay off 40% of its staff.
May 2, 2001 CampSix closed.
May 2, 2001 FiredUp.com closed.
May 2, 2001 Niku.com may be laying off 20% before end of the week.
-- Paul (skypilot99@aol.com), May 02, 2001.
HILLSBORO, Ore. (KPTV) -- Computer printer manufacturer Epson has announced they will cut 800 jobs by midsummer.Epson plans on cutting 520 company employees and another 300 contract workers at their Hillsboro factory. The decision is part of a plan to move the jobs to low cost factories in Asia
-- Martin Thompson (mthom1927@aol.com), May 02, 2001.
April 3, 2001 Newell Rubermaid 3000 or 6%.April 3, 2001 Asyst Second round of layoffs. 12%.
April 3, 2001 Niku 260 or 25%.
April 3, 2001 Levelor Blinds. Cuts but didn't hear how many.
April 3, 2001 Visteon 350 fired.
April 3, 2001 Whitley & Co. Largest Venture Capitalist company. 20%.
April 3, 2001 Celeritek 30
April 3, 2001 Vitesse Semiconductor 12%. Think this is second layoffs too.
April 3, 2001 American Technical making cuts.
-- (skypilot99@aol.com), May 03, 2001.
April 3, 2001 Macromedia's laying off 200. Profitsdown 50%April 3, 2001 Agency.com may lay off 30-40% this Friday.
April 3, 2001 eTour.com closing.
April 3, 2001 OnlineChoice.com closed.
April 3, 2001 iXL round of layoffs.
April 3, 2001 Digital Goods closed.
April 3, 2001 SpaceWorks.com closed & laid off all 150 employees.
April 3, 2001 Viatel closed. Laid off 350. Lost $1.57 billion.
April 3, 2001 CrossCommerce.com second layoff & all employees on a two week "furlough"
April 3, 2001 FundsXpress.com laying off 54 people
April 3, 2001 EpicRealm.com may be closing.
April 3, 2001 ASP EduPoint.com closed.
April 3, 2001 Sendmail.com laying off 60 jobs
April 3, 2001 ISP Darwin Networks closed & filed Chapter 11.
-- (skypilot99@aol.com), May 03, 2001.
Thursday May 3 9:11 AM ET Genuity Posts Loss; Cuts Outlook, JobsWOBURN, Mass. (Reuters) - Internet services company Genuity Inc. on Thursday said it posted a first-quarter net loss, trimmed its growth outlook for the year due to slow order volume, and cut about 12 percent of its work force.
Genuity, which was spun off by GTE Corp. last year as part of its merger with Bell Atlantic Corp., had a first-quarter loss of $292.3 million, or 30 cents a share, compared with a loss of $209.8 million, or 26 cents a share, a year ago.
-- CAkidd (CAkidd_94520@yahoo.com), May 03, 2001.
Thursday May 3 11:26 AM ET Corporate Layoffs Highest Since '93NEW YORK (Reuters) - Job cuts announced by U.S. companies hit a record high in April -- the highest since the survey began in 1993 -- and were four times higher than in the same month a year earlier, a research group said on Thursday.
In a sign that companies are coping with a U.S. economic slowdown by slashing payrolls, 165,564 new job cuts were announced in April compared with 162,867 in March, according to international outplacement firm Challenger, Gray & Christmas.
It was the fifth consecutive month in which more than 100,000 job cuts, a survey record, were announced.
During the first four months this year companies have announced 572,370 planned job cuts compared with just 179,144 during the same period last year, Challenger said.
Earlier, the Labor Department (news - web sites) said a four-week moving average of first-time claims for unemployment insurance rose to their highest level since late 1992.
Both reports come just a day before a key employment report for April will be released and pointed to further weakness in the labor market, analysts said.
``It all smells of a weak employment report tomorrow,'' said Astrid Adolfson, an economist at MCM Moneywatch. ``It wouldn't surprise me if we get a negative employment number.''
Economists polled by Reuters expect the report to show a rise in the unemployment rate to 4.4 percent from 4.3 percent and for U.S. payrolls to add just 5,000 jobs after the economy shed 86,000 jobs in March.
Economists fear a sharp rise in unemployment could cause further undermine consumer confidence and provoke a pull-back in spending, exacerbating the current economic slowdown.
The Challenger report said telecommunications companies, computer companies and financial firms announced the highest number of layoffs in April.
``The fact that telecom, computer and electronics companies are among the top five job cutters in 2001 is a result of corporations reining in technology spending,'' said John Challenger, chief executive at Challenger, Gray & Christmas.
Telecommunications companies said they would cut 26,464 in April, pushing it ahead of the auto industry as the sector with the highest number of planned job cuts this year. Computer companies said they would 18,498 jobs, while financial firms said they planned to cut 16,515 jobs.
So far this year telecommunication companies have announced 91,799 job cuts, while automakers have said they planned to lay off 81,903 workers.
Computer companies have announced 53,774 job cuts, while electronics firms have said they would lay off 46,668 employees and retailers have announced 44,673 job cuts.
-- CAkidd (CAkidd_94520@yahoo.com), May 03, 2001.
May 3, 2001Newell Rubbermaid
Also, in an attempt to save $100 million annually, the company said it would drop the hammer on some 3000 employees -- about 6 percent of its workforce -- and consolidate manufacturing facilities.
-- Martin Thompson (mthom1927@aol.com), May 03, 2001.
SAN MATEO -- Bay View Capital Corp. said it will cut 15 percent of its work force, or about 100 workers, by the end of this year as it exits franchise lending and other troubled businesses.The San Mateo-based bank that operates 57 Bay Area branches said a third of the job cuts will come from the San Mateo headquarters. No other job cuts will come in the Bay Area.
-- Martin Thompson (mthom1927@aol.com), May 04, 2001.
May 4, 2001 LogicTier closed.May 4, 2001 Genuity about to lay off employees.
May 4, 2001 Homebytes.com, an online real estate sales closed.
May 4, 2001 Niku 200 or 20%.
May 4, 2001 NetTaxi.com laid off 33% and now has a total of 16.
May 4, 2001 Macromedia's cutting 200 jobs.
-- Paul (skypilot99@aol.com), May 04, 2001.
Adobe puts 2,000 on one-week layoffBy Dick Kelsey May 03, 2001
Nearly three-quarters of Adobe Systems' workforce will be laid off for one week to save $4 million, the company said.
About 2,000 employees in the United States and Canada will be off the first week in July, said spokeswoman Cheryl Edwards. Adobe employs slightly more than 2,800 people worldwide.
-- Martin Thompson (mthom1927@aol.com), May 04, 2001.
May 3, 2001 -- Credit Suisse First Boston, one of the Wall Street firms that benefited most from the boom in underwriting initial public offerings for high-tech companies, is bracing itself for another round of layoffs. The firm, a top underwriter of tech IPOs and financings, plans to fire as many as 150 professionals within its investment-banking division, according to people close to the situation. The cuts, which will be heavily weighted toward junior- and mid-level executives, are expected to take place as early as next week.
-- Martin Thompson (mthom1927@aol.com), May 04, 2001.
SUNNYVALE (Reuters) - Data networking company Adaptive Broadband Corp. (ADAP.O) on Friday announced plans to reduce its workforce 60 percent to 60 employees from 150 amid continued weakness in the domestic fixed wireless broadband industry.
-- Martin Thompson (mthom1927@aol.com), May 04, 2001.
Friday, May 04, 2001 - Denver software maker J.D. Edwards & Co. on Thursday laid off 400 employees as part of its efforts to reduce operating expenses by $75 million over the next year and a half.
-- Martin Thompson (mthom1927@aol.com), May 04, 2001.
TROUBLE AT TELUS By TIMOTHY le RICHE -- Sun Media Telus Corp.'s largest union imposed an OT ban on its 17,000 members yesterday, angry that the big telecom plans to cut 1,300 jobs over the next two years
-- Martin Thompson (mthom1927@aol.com), May 05, 2001.
Mattson Technology Inc. announced Friday it has laid off about 180 employees -- 15 percent of its U.S. work force -- as part of its overall cost-cutting plan for the year.
-- Martin Thompson (mthom1927@aol.com), May 05, 2001.
MicroStrategy.com to slash workforce by two-thirds. Only 40 employees will remain.http://www.washingtonpost.com/wp-dyn/articles/A46865-2001May4.html
-- CAkidd (CAkidd_94520@yahoo.com), May 06, 2001.
Genuity cutting 800 jobs by Tom KirchoferFriday, May 4, 2001
Internet backbone provider Genuity Inc. will chop more than 800 jobs as it prepares for slower growth this year, the company announced yesterday.
Meanwhile, Genuity got a financial boost from its big corporate backer, Verizon Communications Inc., increasing its short-term credit line from $500 million to $900 million. It got six extra months to pay back the money, as well.
-- CAkidd (CAkidd_94520@yahoo.com), May 06, 2001.
May 4, 2001Itasca-based Enesco Group Inc., a distributor of gift, collectible and home decor items, announced cost-cutting plans to reduce its workforce by approximately 120 positions, or 14 percent, in the United States. The majority of the positions were eliminated in the Chicago area on Thursday. The firm said the one-time costs associated with the workforce reduction will be about $500,000, with annual savings from the reduction of about $8 million.
-- Martin Thompson (mthom1927@aol.com), May 06, 2001.
FRIDAY, MAY 4, 2001WORLD
Pink-slipped Indian workers give up life in US
In March alone, 1,000 professionals returned home after being laid off in the US economy's downturn.
By Janaki Bahadur Kremmer Special to The Christian Science Monitor
NEW DELHI, INDIA
They were instrumental in diffusing the Y2K bug. Their expertise helped American software giants function at peak efficiency. And while working in the United States, most of them made more money than they had ever dreamed of.
But now they are back: Indian high-tech workers on temporary work permits - among the first to be laid off with the downturn of the US economy - are returning to their homeland.
"I always knew that I wanted to return to India, but not like this," says Manish Bhasin, a software engineer who returned to New Delhi last week. "I was earning $85,000 a year, I was playing the stockmarket, I had a nice flat and car, and now it's all gone."
According to Prem Anand, publisher of a Singapore based Internet site that keeps track of Indian high-tech workers, about 1,000 techies returned from the US in March, and thousands more are expected in the coming months. India produces about 75,000 high-tech experts per year. And after years of their skills being in high demand, whether they will all be able to find jobs now - and where - is uncertain.
For Mr. Bhasin, after four years of steady work, he suddenly found himself benched by a "body-shopping" company, or outsourcer, which had farmed him out on short-term assignments to clients like IBM and Met Life.
"They [the body-shopping firm] paid me a subsistence salary for two months ... while I had no contracts, but when it looked like no more work was coming my way, they politely handed me a ticket to come home," says Bhasin, still looking a little shell-shocked. "Six months ago, I would never have predicted such a situation for myself - I was well on the way to applying for a green card."
About 41 percent of the hundreds of thousands of H1-B visa holders recruited for their specialized skills are, like Bhasin, from India. The US issued a total of 133,290 H1-B visas just last year, according to the US Embassy in New Delhi. And last fall, the US Congress again raised the limit on such visas in anticipation of increasing demand.
"Hundreds of IT workers who were trained specially in e-commerce and Internet technologies are the ones hardest hit, because the market for such skills has dwindled in the US," says Mr. Anand. One headhunting firm in the southern Indian high-tech city of Bangalore says that it is receiving up to 10 résumés a day from Indians in the US looking to relocate. "One year ago we never got such applications from the US. Now, we don't just get résumés from the US but we also get phone calls - now that shows the urgency," says Mahesh Sharma, a director at Carnegie Consulting Co.
Workers on H1-B visas are sponsored by the firm to which the employee is bound. If laid off, the worker has an average of 30 days to find another sponsor. Most Indian workers bail out at this juncture. Colleagues "who have work sweat it out day and night in the hope that they won't be the ones to get axed in the next round of layoffs," says Bhasin. It's a very stressful time for us."
One option is to relocate to another foreign country. "Countries in Asia and Europe will now be able to plug their IT manpower shortages. Germany stands to gain a lot from the suddenly availability of Indian high-tech experts," says Anand.
However, Bhasin is not convinced. "The US is much easier for us than Europe. In Germany, we might face problems of racism - and, of course, the problem of not understanding the language. And I am not so keen to go to any other Asian country either - I might as well stay at home."
Yet Bhasin is also aware that India still lacks the technical infrastructure and information-technology entrepreneurial skills to become an IT powerhouse. As well, Indian IT companies are expected to feel the impact of the slowdown in the US, in the form of some reduction in exports of semiconductor chips, cars, electronic goods, and computer peripherals to America. The glut of workers in the IT market is also expected to drive down pay scales for many of these returning professionals.
Other experts say the US slowdown will increase outsourcing and in turn, demand for Indian software. And with American companies like Netscape and Dell Computers setting up offices in India, IT jobseekers might find themselves accepting a reasonable compromise.
Says James Agarwal of ABC Consultants, a head-hunting firm in Bangalore: "The gloom and doom is being overstated; we manage to place most of these workers in good jobs with multinationals, because they have achieved a level of expertise that comes from having worked in the US industry."
-- CAkidd (CAkidd_94520@yahoo.com), May 07, 2001.
Computer-Networking Supply Maker 3Com Is Expected to Reveal 'Substantial' Layoffs3Com Corp. is expected to announce a second round of "substantial" layoffs as soon as Monday, according to people familiar with the matter.
The layoffs are expected to help the Santa Clara, Calif., maker of computer-networking equipment meet its goal of cutting annual operating costs by $1 billion. The number of jobs to be eliminated couldn't be learned, but 3Com Chief Executive Bruce Claflin said in an e-mail that the cuts would be "substantial." Mr. Claflin wouldn't discuss the timing of the announcement, and a 3Com spokesman declined additional comment. 3Com previously said it would detail the additional reductions before the end of its fiscal year on June 1.
250 million saving -> 1200 workers ===> 1 billion 5000 more oouuch..
-- CAkidd (CAkidd_94520@yahoo.com), May 07, 2001.
05/03 19:37 Wind River Systems to Cut as Many as 315 Jobs (Update1) By Edvard PetterssonAlameda, California, May 3 (Bloomberg) -- Wind River Systems Inc., a maker of software for consumer electronics, said it will fire between 250 and 315 workers, or 12 percent to 15 percent of its worldwide workforce, to reduce costs.
``We're seeing a slowdown in the telecom space, which is a big part of our business,'' said Mike Zellner, Wind River's chief financial officer. ``Because of the economic situation at many of our customers, decisions are now made at the executive level, which slows things down.''
In addition, to the job cuts, the Alameda, California-based company will reduce executive pay by 10 percent, close its North American offices for one week during the July 4th holiday and encourage employees to use vacation days.
-- CAkidd (CAkidd_94520@yahoo.com), May 07, 2001.
May 6, 2001 AOL Hong Kong may be laying off around 30 this weekMay 6, 2001 Framfab cut 650 jobs
May 6, 2001 Zoho.com closed.
May 6, 2001 Express.com has filed Chapter 11. Laid off everyone.
May 6, 2001 Gap.com laying off 10% soon.
May 6, 2001 Music.com laid off all but 7 employees
May 6, 2001 Romp.com laid off all programmers and artists yesterday.
-- Paul (skypilot99@aol.com), May 07, 2001.
May 6, 2001 3Com 3000 Additional cuts. Previous 1200.May 6, 2001 Siemens considering more cuts
May 6, 2001 Portal Software considering cuts.
May 6, 2001 Micro Strategy 2/3rds of staff.
May 6 2001 Core Comm 210 cuts.
May 6, 2001 Warnaco close to collapse.
-- Paul (skypilot99@aol.com), May 07, 2001.
Inspire Lays Off 130 Workers Updated 2:47 PM ET May 7, 2001FORT WORTH, Texas (AP) - Inspire Insurance Solutions Inc., which provides services to property and casualty insurers, said Monday it has laid off about 130 workers and contractors, about 12 percent of its work force, after two years of losses.
-- Martin Thompson (mthom1927@aol.com), May 07, 2001.
TOKYO -- Electric Power Development Co. will cut its staff by 25% and carry through other restructuring steps through March 2007 to beef up competitiveness and combat the impact of deregulation.The government currently has a 66.6% stake in the electric-power wholesale company, which is scheduled to be privatized in 2003. Nine Japanese power- utility companies hold the rest.
Electric Power Development will cut its group staff to 6,000 from the current 8,000 by March, 2007. It also will slash its number of board members to 12 from 20, it said.
-- Martin Thompson (mthom1927@aol.com), May 07, 2001.
Latest DevelopmentsDell Announces New Round of Layoffs
(AP) - Dell Computer Corp., the world's largest PC manufacturer, said Monday it will cut 3,000 to 4,000 jobs and force other employees to take unpaid time off as it struggles with weak demand for computer systems and services. The Round Rock-based company said the job cuts would occur over the next six months, and mostly in Central Texas.
-- CAkidd (CAkidd_94520@yahoo.com), May 07, 2001.
May 7, 2001 Dell: On May 1st, I said they were gonna. 4000.May 7, 2001 Genuity: On May 4th, I said they were gonna too. 10%.
May 7, 2001 Rare Medium getting ready to lay off 35% more employees. Once had over 1100 employees, now 250.
May 7, 2001 Commerce One laid off about 10%.
May 7, 2001 TeamOn.com Cut 50% of Work Force.
-- Paul (skypilot99@aol.com), May 08, 2001.
Tyco Closes White City Plant May 8, 2001, 08:45 AM E-mail this story Print this storyBy AP Staff
Tyco Printed Circuit Group will close its White City, Oregon circuit board plant, cutting up to 300 jobs within the next two months.
About 100 workers will be let go immediately and the rest will be let go over the next six to eight weeks.
-- Martin Thompson (mthom1927@aol.com), May 08, 2001.
END OF THREADGO to
List of Layoffs VIII
-- Martin Thompson (mthom1927@aol.com), May 08, 2001.