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.
According to CRN, most of the layoffs came from the biggest firms. (rb- I kept a butchers toll of tech layoffs in 2009. The first half of 2012 seems just as grim.)
HP – Leads the body count in 2012 with its plan to layoff 27,000-plus layoffs. HP (HPQ) made the announcement in May, saying it would cut about 8 percent of its workforce over the next two years.
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.
Panasonic - In May, Panasonic (PC) announced it would cut another 7,000 staff after announcing in April 2011 plans to eliminate 17,000 jobs over two years.
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.
Olympus - CNET reports that Olympus (OCPNY) will cut 2,700 employees from its global workforce between now and March 31, 2014.
Yahoo – Back in April Yahoo (YHOO) cut about 2,000 employees across all the major units of the company. CRN speculates that Yahoo’s job cutting will grow as new CEO Marissa Mayer gets her feet wet.
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.
Cisco - In mid-July, Cisco (CSCO) confirmed 1,300 more job cuts, about 2 percent of its global workforce.
Activision - Activision (ATVI) subsidiary Blizzard Entertainment, maker of World of Warcraft announced that it will cut its global workforce by 600 employees Gamespot reported in February.
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.
Logitech - the $2.3 billion peripherals king has had Logitech’s financial struggles. In June, Logitech (LOGI) said it would cut about 450 jobs, roughly 13 percent of its global workforce.
Related articles
- Hewlett-Packard’s Labor Pains on Labor Day (boiseweekly.com)





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