August 28, 2001 |
Major chip companies, including Japan's Toshiba Corp., are preparing to slash tens of thousands of jobs worldwide, anticipating that deepening price cuts and faster products won't be enough to stimulate demand in the near future. Toshiba, the second-largest semiconductor maker after Intel Corp., said Monday that it will eliminate 17,000 jobs in Japan and 1,800 elsewhere in the next three years, reducing its work force by about 10%. Hitachi Ltd.
August 11, 2001 |
Software maker Candle Corp. laid off about 200 workers, or about 10% of its 2,000-person staff, blaming the economic downturn. The cuts were spread throughout Candle's 50 offices worldwide, said Barry Sulpor, a spokesman for the El Segundo-based company. He declined to specify how many of the company's 500 employees in California might be affected. Candle, a 25-year-old private company, designs software to help businesses manage their e-commerce. The company has 5,000 clients in 59 countries.
July 27, 2001 |
A host of beleaguered technology companies announced a staggering 31,000 worldwide job cuts Thursday, marking one of the worst days for layoffs since the tech bubble burst a year ago. Thursday's moves from a variety of tech titans, which already are slogging through the worst year in the industry's history, caused analysts to wonder whether the carnage would get even worse and when it would come to an end.
July 10, 2001 |
Newport Corp., which makes equipment used to produce semiconductors and fiber-optic parts, said Monday that it laid off 182 workers, or 10% of its staff, as customers cut their spending on new manufacturing tools. About half the Irvine company's dismissals will come at its plants in Irvine and Garden Grove. New orders for its test, measurement and automation equipment slumped as customers such as Nortel Networks Corp., JDS Uniphase Corp. and Corning Inc.
June 16, 2001 |
Dashing hopes that the worst is over for the beleaguered telecommunications equipment sector, Nortel Networks Corp. said Friday that it will slash an additional 10,000 jobs and post a second-quarter loss of $19.2 billion, one of the biggest in corporate history. The job cuts follow the 20,000 announced earlier this year at the world's largest maker of phone equipment. All told, Nortel plans to shed close to one-third of its work force in a drastic attempt to make up for plunging sales.
June 7, 2001 |
Ingram Micro Inc., the world's largest distributor of computer products, said Wednesday that it will cut 1,000 U.S. jobs, or about 6% of its work force, because of weak demand for computers and networking equipment. The company said it expects to save $30 million to $40 million a year as a result of the cuts, closing three facilities that will reduce its presence significantly in California. Ingram Micro already has eliminated 1,000 U.S. jobs since the beginning of the year.