Google grew its profit and revenue in the first quarter, ended March 31, despite a tough economic environment that is affecting online advertising spending, the company's main revenue engine.
Yahoo may announce a new round of layoffs next week, the third one since early 2008 and the first staff-trimming under new CEO Carol Bartz, The New York Times and The Wall Street Journal are reporting.
Forecasting a significant drop in revenue for the fourth quarter, a J.P. Morgan analyst Tuesday reported that Cisco Systems Inc. "could" announce a 10% workforce reduction soon, equal to about 6,600 employees.
Sun Microsystems is laying off about 1,500 employees this week in a follow-up to a restructuring plan announced a few months ago, the company confirmed Monday.
Proving that it is not immune to the economic downturn, Google plans to lay off 200 people, including 15 across Australia and New Zealand, in its sales and marketing group.
Microsoft and Sun Microsystems aren't the only top IT vendors laying off employees. IBM may have quietly let more than 2800 workers go, according to the Alliance@IBM union, which expects even more job cuts at the company.
Swedish operator Ericsson saw declining profits for its fourth quarter and will lay off 5,000 employees in a continuing effort to cut costs, the company said Wednesday.
Oracle made "major" cuts in its global workforce on Friday and more are expected to come, say multiple sources and news reports.
A top SAP executive on Wednesday said the company is "implementing a series of tough, tough actions to convert the company to a much leaner operation than it is today," but did not utter the word "layoff."
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First impression on unpacking the Q702 test unit was the solid feel and clean, minimalist styling.
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