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.
Wells Fargo & Co. is cutting 700 jobs from its home lending business as mortgage refinancing slows down.
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,”
Emeryville’s Pixar Animation Studios is laying off up to 5% of its employees…
Lockheed Martin is cutting 4,000 jobs and shutting four Sunnyvale buildings as the defense contractor continues to look for ways to lower costs amid reduced government spending.
Spokesman Alfredo Padillo said Thursday that the San Francisco-based bank is cutting jobs in the mortgage department because fewer people than it expected are refinancing their mortgages. The jobs are in locations across the country.
Security guards for high-tech companies in Silicon Valley are voicing displeasure over what they have called discrimination against them for trying to unionize.
Wells Fargo is laying off workers from its mortgage unit, the latest sign that the mortgage refinancing boom has cooled.
San Francisco’s Exploratorium is laying off 18 percent of its staff because fewer people than expected are visiting its new waterfront location.