Today is Labor Day in the US. The US Department of Labor says Labor day is dedicated to the social and economic achievements of American workers, Outplacement firm Challenger, Gray & Christmas summed up the social and economic achievements of American tech workers recently. Their report stated that in the first half of 2012, layoffs in the technology sector hit their highest levels since 2009. There were more than 51,000 planned cuts announced by the end of June.
Nokia – The downward spiral continues for Nokia (NOK) with the announcement that it will slash 10,000 jobs, estimated to be around 19% of its worldwide workforce, by the end of 2013 according to a June 2012 report from the New York Times.
Sony In April Sony (SNE) said it would slash about 6 percent of its global workforce, about 10,000 employees, in an effort called “One Sony,” to refocus the company around its digital imaging, gaming and mobile businesses. Also the firm announced that Sony Mobile Communications its mobile handset division would be laying out 15% of its workforce or about 1,000 people. According to TechCrunch the process is due to complete by March 2014.
Google – In a long-expected move, Google (GOOG) earlier this month confirmed it would axe about 4,000 jobs from its Motorola Mobility subsidiary representing about 20 percent of Motorola’s 20,000-employee headcount. Google said that some 90 former Motorola facilities would be closed down.
Research In Motion – Former king of smartphones, Research In Motion (RIMM) has suffered setback after setback in the face of Apple and Android competition. RIM early this year warned of workforce reductions, and in mid-June, several reports held that those reductions had already begun, in small batches of 10-or-so employees. New reports in August stated that RIM will eliminate some 3,000 other jobs this month.
Lexmark - Lexmark (LXK), the printer maker is jettisoning its inkjet printers and laying off 1,700 workers as paper becomes increasingly passe in an age of online photo albums on Internet hangouts like Facebook and Pinterest according to the MercuryNews.com.
Best Buy - CNET reports that the retail giant has decided to cut 650 Geek Squad workers. Best Buy (BBY) confirmed to Minneapolis-St. Paul news station KARE 11 the nationwide layoffs were effective August 1.
- Hewlett-Packard’s Labor Pains on Labor Day (boiseweekly.com)