Tag Archives: losses

Philips announces 6,000 job losses

TV and electricals manufacturer Philips has become the latest tech firm to announce large-scale job cuts with news the company is to cut its global workforce by 6,000 people by the end of the year. The announcement follows Philips’ loss of 1.4bn for the final quarter of 2008 – the …

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Intel to shed up to 6,000 jobs

CPU and PC hardware vendor Intel has announced that it is to restructure some of its manufacturing operations and capacity in an effort to consolidate and streamline the firm, leading to the potential loss of up to 6,000 employees worldwide. An Intel statement reads: The company plans to close two …

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Manchester studio closed by Eidos

Eidos has confirmed to Develop that it has close its Rockpool Games studio in Manchester. Around 14 Rockpool staff have been made redundant as part of the move. The publisher bought the studio in February 2007 to boost its presence in the casual games sector. Developmag.com has the full story …

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Are job cuts on the way at Xbox?

Following the news that Microsoft is to shed some 5,000 jobs in the next 18 months, with 1,400 of them happening immediately, sources are claiming that its Xbox division could be a potential victim of the culls. ZDnet is reporting that Microsoft is directly targeting its Entertainment and Devices Division, …

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Redundancies at EA’s Black Box

The unfortunate job-cutting spree in the games industry seems to be continuing today with news that EA studio Black Box has, after weeks of speculation , lost 200 members of its staff. MCV’s development-orientated sister-site Developmag.com has the full story – click here to head over there.

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Microsoft to cut 5,000 jobs

Leading software developer and Xbox 360 platform holder Microsoft has confirmed the speculation that it is to slash 5,000 members of its global workforce following an 11 per cent year-on-year decline in net profit. For the three months ending December 31st the firm reported a net profit of $4.17bn. Shares …

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1,000 jobs to go at Nokia

Finnish mobile phone company Nokia has announced that 1,000 people are to lose their jobs following a drop in net income of 69 per cent to €576m for the quarter ending December 31st – the firm’s worst Q4 results since 2001. Revenue fell 20 per cent to €12.7bn, whilst sales …

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SCEE has no plans to reduce headcount

SCE has confirmed to MCV that it has no plans to reduce the headcount of its European operations as part of Sony’s worldwide cost-saving restructuring efforts. The assurance follows the news that Sony has revised its earnings forecast and increased its predicted losses for the year ending March 31st. It …

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