restructuring

Dell to move manufacturing, lay off 1,900 in Ireland

ITworld staff — Thu, 08 Jan 2009 09:38:34 -0500

Dell will move its European PC manufacturing operation from Ireland to Poland and lay off workers as it continues its belt-tightening restructuring plan, the company said on Thursday.

Alcatel-Lucent cuts jobs, focuses attention on three sectors

ITworld staff — Sun, 14 Dec 2008 14:33:04 -0500

Alcatel-Lucent is naming enterprises as one of three markets it will focus on as it lays off 1,000 more workers and makes cuts in other areas in an attempt to turn the company around.

Nortel mulls bankruptcy

ITworld staff — Wed, 10 Dec 2008 14:03:22 -0500

Nortel has hired lawyers to consider whether it should seek bankruptcy protection, but the company says it has made no decision to do so.

Sony to axe 8,000 jobs, close factories

ITworld staff — Tue, 09 Dec 2008 09:20:49 -0500

Sony plans to cut 8,000 jobs, close factories and reduce electronics investment by nearly a third in response to the current economic conditions, it said Tuesday.

Applied Materials to cut 12 percent of global workforce

ITworld staff — Thu, 13 Nov 2008 11:06:24 -0500

Applied Materials said it would lay off 1,800 employees as it reported a drop in revenue and wider losses.

Struggling Circuit City files for bankruptcy

ITworld staff — Mon, 10 Nov 2008 15:45:07 -0500

Circuit City Stores on Monday filed for bankruptcy protection to cut costs and turn around its deteriorating financial condition.

Analysts: AMD's foundry spin-off may save company

ITworld staff — Tue, 07 Oct 2008 16:15:11 -0400

AMD's decision to split into a chip-designing company and a chip-making company should help return the company to profitability sooner, said several analysts who watch the chip-making industry. AMD would remain as the chip-designing company, while the new company, tentatively called The Foundry Co., would focus on chip-making under the plan, unveiled Tuesday.

AMD to spin off chip fabs to raise funds

ITworld staff — Tue, 07 Oct 2008 09:41:20 -0400

AMD plans to split into two companies, one to design chips and one to make them, while two investment funds owned by the government of Abu Dhabi will contribute new capital, it said Tuesday. AMD hopes the move will give it the resources it needs to compete effectively with Intel, which dominates the microprocessor industry.

Time working against AMD's asset-light plans

ITworld staff — Mon, 25 Aug 2008 09:25:00 -0400

As part of AMD's efforts to recover from the damaging delay of its Barcelona quad-core processor in 2007, the chip maker wants to spin off its two manufacturing plants, called fabs, as part of a strategy called asset light.

Cisco combines SMB engineering teams

ITworld staff — Tue, 12 Aug 2008 16:19:19 -0400

Cisco Systems has combined the engineering teams for all its small and medium-sized business (SMB) products, forming a single group to develop products for the Cisco and Linksys brands.