Microsoft announced the biggest layoffs in its history Thursday, saying it will cut 18,000 jobs as it streamlines its Nokia mobile device business to focus on using the Windows Phone operating system.
Hewlett-Packard says it is cutting another 11,000 to 16,000 jobs, above a target of 34,000 the company outlined in a multi-year restructuring plan in May 2012.
Zynga Inc. announced Thursday it was cutting 15 percent of its workforce in a turnaround effort while buying NaturalMotion, the company behind the hit mobile games “CSR Racing” and “Clumsy Ninja,”
Intel plans to trim more than 5,000 jobs from its workforce this year in an effort to boost its earnings amid waning demand for its personal computer chips.
More than 100 nurses picketed outside Alta Bates Summit Medical Center Wednesday in Berkeley in opposition to Sutter Health Corporation’s plans to cut 350 positions at two East Bay facilities.
The state Employment Development Department plans to begin cutting staff to address declining funding from the federal unemployment insurance program.
Wells Fargo is laying off workers from its mortgage unit, the latest sign that the mortgage refinancing boom has cooled.
The security solutions provider is cutting roughly 8 percent of its global work force in two phases, with about 1,000 positions going first, this month, and another 700 people receiving pink slips in July, AllThingsD reported Thursday, citing unnamed sources.
PayPal said it was cutting 325 full-time jobs in a move to streamline the business.
Google said it is expanding its plan to cut jobs from its Motorola Mobility unit outside the U.S. and will take $390 million in charges related to the layoffs.