Zynga Inc. (the creator of Facebook game FarmVille ), is cutting its global workforce by 18 % , leading to elimination of about 520 employees. The reduction has been announced following a grim financial outlook and forecasts for the present financial year. The job cuts are a part of substantial cost reductions undertaken by Zynga…
Tag: job cuts
Alcatel Lucent, to reduce 5000 from its global head count
by •
With the announcement of its 2nd quarter 2012 results, Alcatel Lucent has also announced its intentions of reducing its global head count by 5000. The company globally employs around 75,000 employees. “The Performance Program”, as the cost reduction initiative has been termed, aims to achieve an additional Euro 750 million cost reduction, bringing total…
Uninor planning to scale down in 4 circles..
by •
Uninor is planning to scale down its operations in Tamil Nadu, Karnataka, Kerala, and Odisha, and focus on remaining operations where in they have a better grip on the market. The company would maintain a basic operational presence across these four circles, however would maintain a smaller network and limited service. The company has about…
HP’s realignment may lead to up to 30,000 job cuts
by •
HP, in its release on 21st March 2012, had announced a realignment exercise where in HP’s Imaging and Printing Group (IPG) and its Personal Systems Group (PSG) were to converge as the Printing and Personal Systems Group. As per the earlier announcement – “ Combining these two entities will rationalize HP’s go-to-market strategy, branding, supply…
Loop Telecom to wind up operations
by •
Loop Telecom, is next in line of the operators winding up their operations post cancellation of 2G licenses by the Supreme Court. Earlier S-Tel, and Etisalat decided to wind up their operations. Loop Telecom would however maintain its operations in Mumbai, where in it has a separate license held by Loop Mobile and has a…
Sony Corp. to cut 10000 jobs
by •
Yahoo Inc. announces job cuts of about 2000 employees starting today ..
by •
Yahoo Inc., today has announced organizational restructuring that may lead to elimination of about 2,000 jobs. The company will soon begin the process of informing employees about these changes. As part of that effort, approximately 2,000 people will be notified of job elimination or phased transition. It seems that there will be more job cuts…