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HP axing 525 WebOS developers in massive layoff
Posted by Andru Edwards Categories: Corporate News, Software,
HP will carry out a massive round of layoffs in its Palm division this week, All Things D is reporting.
The layoffs will affect as many as 525 employees and are a direct result of the closure of webOS. HP announced in August that it would kill off its webOS operating system and end development of webOS devices like the TouchPad tablet and the Palm Pre line of smartphones.
HP confirmed the layoffs but would not delve into details about the numbers.
Click to continue reading HP axing 525 WebOS developers in massive layoff
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Sony, Miramax Feeling the Strain of Recession
Posted by K.C. Morgan Categories: Miramax, Sony, Corporate Shakeups,
It isn’t just middle America that’s been affected by the severe economic crisis. Even one of the nation’s most successful ventures, the cinema, is feeling the budget crunch. Some of Hollywood’s biggest names are suffering, as more movie patrons find they can no longer afford box office prices.
Sony Pictures is laying off their employees, eliminating around 6% of their current workers. According to a memo given to employees of the company, “the decision to take this step was difficult. But it’s being done in the context of a strategy designed to help us safeguard our competitiveness and chart our own course through these troubled waters.”
Miramax is also struggling in the dangerous economic climate, and sources suggest that the company could be closing its doors for ever in 2011. Six movie projects are still in production, but upon their completion Disney could opt to sell the label.
Read More 
| Deadline
Layoffs for MTV, Paramount and NBC Universal
Posted by Veronica Santiago Categories: MTV, NBC, News,
Not even those reporting on the nation’s massive layoffs are immune from them.
Today, NBC Universal continued the downsizing of its worldwide workforce. Hoping to reduce its upcoming budget by $500 million, the company began laying off approximately 500 staff members - including people from the NBC News division - earlier this week. That number equates to approximately 3% of the total corporation. Sources claim that several correspondents have been cut while Donny Deutsch’s CNBC Show, The Big Idea, has been put on hiatus. (Apparently it’s getting harder to find successful entrepreneur stories at this time.)
Meanwhile, Variety reports that 300 staffers from MTV Networks and 100 employees from Paramount also became casualties of the economic downturn.
Read More | Variety
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