Extent of staff cuts remains unclear
T-Mobile CEO Philip Humm has reportedly distributed a memo to employees warning of "difficult decisions" as the company prepares to announce further restructuring plans. The note does not detail the extent of such cuts, though the executive suggests it is forced to find a new strategy that "aligns our costs with our revenue realities" to help the company "return to growth."
Yahoo prepping for major restructure, job loses
Following the hiring of ex-PayPal chief Scott Thompson as CEO, Yahoo is said to be preparing to make major cuts to its workforce. In conjunction with the hiring of Thompson, the Yahoo board also hired the Boston Consulting Group to conduct a strategic review of the organisation. The restructuring is expected to result in what could amount to job loses in the ‘thousands’ according to sources familiar with the matter.
Apple lays off 174 in CA
Despite one of its best quarters ever, Apple on Thursday cut 174 sales jobs at its Elk Grove campus. The Business Journal reports that all affected employees -- some of whom were part of the company's telesales team and others who were online chat representatives -- were offered the option to relocate to location in Austin, Texas, or apply for another position at Apple in Elk Grove; however it was not clear why Apple chose to reduce its sales force as many predict a bright future with Macs sales growth outpacing the PC industry. Last year the company was searching for workers to man its iPhone support team in the Sacramento area.
Motorola cuts 2600 jobs
Motorola today announced it would terminate an additional 2600 jobs from its workforce, bringing the current total of layoffs to 10,000 since the beginning of 2007. According to The Wall Street Journal, Motorola comes up against increased pressure in the face of declining cellphone sales, of which it recently lost its coveted second tier position in worldwide handset share to Samsung, a move that caused Motorola's sales to fall 38 percent in year-over-year quarterly profits.
Yahoo layoffs, focus shift
Yahoo recently unveiled plans to remove 1000 of its 14,300 employees by mid-February to cut costs and to refine its focus on its major services. The New York Times reports that in light of its fourth quarter earnings, and a dismal forecast of future financials, layoffs will occur in unspecified areas of Yahoo's workforce. While the amount of employees laid off are many, the company said that it would be investing heavily in select areas of business, so individuals effected by the cutbacks are free to apply to the focus areas.