Put Capcom up on the board of the many video game publishers who are undergoing layoffs and major reorganizations. Senior VP Chris Svensson has confirmed that people at Capcom will be losing their jobs, including himself who volunteered to step down in the face or the reorganization. In a post on his Google+ page, Svensson states that feels no ill will towards Capcom, but he confirmed...
Another studio is getting kicked to the curb. Following three huge closures at Square Enix, LucasArts and High Moon Studios last week, we'll start this week off with SEGA, who will be closing the SEGA Studios Australia branch. The studio is best known for making SEGA's 2012 London Olympic games as well as Medievil 2: Total War and its expansions. "As we are under consultation with the...
Fisker Automotive announced Friday that it is cutting about 75 percent of its workforce in an attempt to drastically cut costs and hopefully save the company from bankruptcy. In an official statement, Fisker described the action as “a necessary step in our efforts to maximize the value of Fisker’s core assets.” In a Friday morning meeting, roughly 160 employees were told they were...
Texas Instruments announced recently that it was going to shift its business focus from mobile processors to embedded processors. As a result of the change of heart, the company said Wednesday that it will cut 1,700 jobs around the globe. It hopes that embedded products will have longer life cycles, instead of relying on a business where its “customers are increasingly developing their...
Research In Motion just reported its fiscal first quarter results for 2013. The company noted a $-0.37 net loss per share against estimates of a $-0.01 net loss per share. Revenues for the quarter were $2.8 billion versus Wall Street estimates of $3.11 billion. The firm also reported a net loss of $518 million. The company also announced it will cut 5,000 jobs. RIM said it shipped 7.8...
Trading has been halted on RIM after the company released news that it has hired JP Morgan and RBC Capital to explore strategic options. The company also said that layoffs and spending reductions will occur during the year. "While there will be significant spending reductions and headcount reductions in some areas throughout the remainder of the fiscal year, we will continue to spend...
Back in March, T-Mobile USA CEO and President Philipp Humm dished details about plans to cut 1,900 job in the company's call centers, but T-Mobile isn't stopping with those initial layoffs. Humm issued company memo today announcing plans for additional restructuring, which will involve "difficult decisions" and further layoffs in an effort to return the company back on a path to growth...
![Best Buy To Cut 400 Jobs, Close 50 Stores [UPDATED]](https://www.technobuffalo.com/sites/technobuffalo.com/files/styles/w250h188crop/public/wp/2011/12/best-buy.jpeg)
As a result of a weak fiscal fourth quarter, Best Buy said on Thursday that it plans to close 50 of its stores in the United States and cut 400 employees from its workforce. "As part of our multi-channel strategy, we intend to strengthen our portfolio of store formats and footprints — closing some big box stores, modifying others to our enhanced Connected Store format, and adding Best...
AT&T commented publicly Friday in regards to T-Mobile's announcement on Thursday to cut as many as 1,900 jobs from its nationwide call centers. As we noted in the original post yesterday, AT&T had promised to preserve U.S. call center jobs and even bring others back from overseas if the Federal Communications Commission and the Department of Justice approved its proposed $39...
Two big players in the Internet world are going in different directions, as Yahoo! announced its second round of layoffs in two months, Google is announcing a wave of hiring that will near record proportions. As one of his final duties, soon to be former CEO,Eric Schmidt met with President Barak Obama and other business leaders to discuss ways to stimulate the stagnant economy. Merely...