Language Selection

English French German Italian Portuguese Spanish

More Industry Lay-Offs

Filed under
Sci/Tech

Sun Chief Financial Officer Steve McGowan announced the layoffs during a Tuesday afternoon conference call on the company's fourth-quarter fiscal results. Sun took $44 million of the $100 million layoff charge in its fourth quarter and expects to account for the remaining $56 million "over the course of the next four quarters," McGowan said on the call.

There was no word from Sun where in its operations the job cuts ax is likely to fall.

Full Story.

The company, which is emerging from civil and criminal inquiries into its accounting, said it is cutting the jobs, which represent about 5 percent of its work force, with the hope of generating savings of $75 million a year. That's on top of 800 job reductions announced in September.

"CA is very much a work in process," Chief Executive John Swainson said in a conference call.

Full Story.

Iomega to Cut 120 Jobs

Iomega Corp., a maker of data-storage products for computers and networks, said it would cut 120 jobs, or about 30% of its workforce.

The San Diego-based company is cutting jobs and consolidating facilities as part of a restructuring plan to reduce expenses.

The job cuts and other steps will save Iomega as much as $42 million a year, the company said.

From Bloomberg News

----
You talk the talk, but do you waddle the waddle?

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

More in Tux Machines

Linux Graphics

  • LibRetro's Vulkan PlayStation PSX Renderer Released
    A few days back I wrote about a Vulkan renderer for a PlayStation emulator being worked on and now the code to that Vulkan renderer is publicly available. For those wanting to relive some PlayStation One games this week or just looking for a new test case for Vulkan drivers, the Vulkan renderer for the LibRetro Beetle/Mednafen PSX emulator is now available, months after the LibRetro folks made a Vulkan renderer for the Nintendo 64 emulator.
  • Etnaviv DRM Updates Submitted For Linux 4.10
    The Etnaviv DRM-Next pull request is not nearly as exciting as MSM getting Adreno 500 series support, a lot of Intel changes, or the numerous AMDGPU changes, but it's not bad either for a community-driven, reverse-engineered DRM driver for the Vivante graphics cores.
  • Mesa 12.0.4 Being Prepped For Ubuntu 16.10/16.04
    Ubuntu is preparing Mesa 12.0.4 for Ubuntu Xenial and Yakkety users. It's not as great as Mesa 13, but at least there are some important fixes back-ported. Mesa 12.0.4 is exciting for dozens of bug fixes, including the work to offer better RadeonSI performance. But with Mesa 12.0.4 you don't have the RADV Vulkan driver, OpenGL 4.5, or the other exciting Mesa 13 work.

Games for GNU/Linux

Mageia 5.1 Released, Tumbleweed's Latest, Most Secure

The Mageia project today announced the release of stopgap version 5.1, an updated "respin" of 5.0 and all updates. The Daily Dot posted their picks for the most sure operating systems and the Hectic Geek is "quite pleased" with Fedora 25. Matthew Garrett chimed in on Ubuntu unofficial images and Dedoimedo reviewed Fedora-based Chapeau 24. Read more

SparkyLinux 4.5 is out

There is an update of SparkyLinux 4.5 “Tyche” available now. As before, Sparky “Home” editions provide fully featured operating system based on Debian ‘testing’ with desktops of your choice: LXDE, LXQt, KDE, MATE and Xfce. Read more