Cisco Systems was preparing to lay off about 1,300 workers just a few months after the world’s largest maker of computer networking equipment warned that growing economic uncertainty is making it tougher to close deals.
Newly-released documents show that nearly 1,900 people lost their jobs last year when Fremont’s Solyndra Solar Panel maker failed last year, hundreds more than the company’s initial claim.
The East Contra Costa Fire District will close half of its stations and lose 15 of its firefighters next month on the heels of last week’s failed ballot Measure S, the district’s fire chief said Wednesday.
The school’s board of trustees is looking at all of its options, including possibly closing campuses, cutting classes and staff layoffs.
Hewlett-Packard plans to jettison 27,000 workers as the growing popularity of smartphones, the iPad and other mobile devices makes it tougher for the company to sell personal computers.
Published reports say Hewlett-Packard is poised to eliminate up to 30,000 jobs to help offset dwindling demand for personal computers as more people connect to the Internet on smartphones and tablets.
Lawyers representing seven California schoolchildren have filed a lawsuit against the state seeking to overturn statutes that govern teacher employment, including seniority-based layoffs.
The long-struggling Internet company earned $286 million, or 23 cents per share, during the first three months of the year. That represented a 28 percent increase from net income of $223 million, or 17 cents per share, at the same time last year.
A week after announcing a painful round of job cuts, Yahoo CEO Scott Thompson unveiled a plan Tuesday that will reorganize the company into three main divisions focused on users, advertisers and technology.
A financial company that is betting on a Detroit turnaround is trying to lure laid-off Yahoo workers to Michigan.