Posted by Jack Davis on June 30th, 2009 at 2:42 pm | Categorized as Docu-Drama, Layoffs, Silicon Image | Tagged as Layoffs, Restructuring, Semiconductor industry, Silicon Image
Silicon Image is implementing its third layoff in a year, according to a filing today with the SEC in which the Sunnyvale chip maker disclosed its decision last Friday to get rid of about 80 employees, or 13 percent of the 610 employees it reported having at the end of 2008.
The move is expected to cost the company between Read the rest of this entry »
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Posted by Jack Davis on June 10th, 2009 at 2:46 pm | Categorized as Cadence Designs, Docu-Drama, Layoffs | Tagged as Cadence Design Systems, Layoffs, Salary reductions
Cadence Design Systems, the San Jose supplier of electronic design automation software, will eliminate the equivalent of about 225 full-time employees between now and the end of the year. Based on the 4,900 employees the company reported having at the end of 2008, the layoffs represent about 5 percent of Cadence’s total workforce.
The action is expected to cost Read the rest of this entry »
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Posted by Jack Davis on June 1st, 2009 at 5:44 pm | Categorized as Docu-Drama, Layoffs, iPass | Tagged as Departures, iPass, Perks, Relocation assistance
The housing market in Seattle is proving to be a bigger concern than originally thought for Evan Kaplan, the new chief executive at iPass, the Redwood City developer of software designed to help mobile work forces.
When he signed on as CEO last November, among the benefits he was offered was up to $10,000 per month in temporary living expenses during the first six months of his employment. The arrangement was to end sooner if Kaplan Read the rest of this entry »
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Posted by Jack Davis on May 22nd, 2009 at 4:39 pm | Categorized as Cardica, Docu-Drama, Layoffs | Tagged as Cardica, Layoffs
For the third time this year, Cardica, the Redwood City medical device maker, is cutting its staff as it tries to conserve cash. On May 21, the company said it would eliminate 15 positions, or 26 percent of its staff. In January the company cut 13 positions, or 13 percent of its staff, and in April it let go of 22 more employees, which represented 27 percent of its then-current staff.
Most of the positions being eliminated in the latest round are in Read the rest of this entry »
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Posted by Jack Davis on April 15th, 2009 at 5:10 pm | Categorized as Docu-Drama, Layoffs, Smart Modular | Tagged as Layoffs, Smart Modular
Smart Modular, the maker of chips used for data storage systems, said today it will lay off yet more employees in order to lower its “cost structure to combat the continued challenging macroeconomic conditions,” according to a regulatory filing.
The job cuts are the third the company has announced over the last Read the rest of this entry »
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Posted by Jack Davis on April 10th, 2009 at 5:41 pm | Categorized as Cardica, Layoffs | Tagged as Cardica, Credit crisis, Layoffs
Cardica, the Redwood City medical device maker, announced its second layoff since the start of the year as the company struggles to conserve cash, according to a filing with the SEC today.
The move will eliminate an estimated Read the rest of this entry »
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Posted by Jack Davis on March 27th, 2009 at 6:09 pm | Categorized as Docu-Drama, Layoffs | Tagged as Layoffs, Unemployment benefits
California’s Employment Development Department said today it will be opening certain offices from 10 a.m. to 2 p.m. at on Saturdays beginning tomorrow. Computers and phones will be available for folks who may not have access to such items at home to help them Read the rest of this entry »
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Posted by Jack Davis on March 26th, 2009 at 8:36 pm | Categorized as Extreme Networks, Layoffs | Tagged as Extreme Networks, Layoffs
Extreme Networks revealed in a filing it made with the Securities and Exchange Commission 30 seconds before closing time Thursday that it has decided to cut 5 percent of its employees by the end of June. It also went on the record with the fact that, “earlier in the quarter, the Company reduced the number of employee positions at the Company by approximately 1% and exited a facility as part of the Company’s strategic plan.”
When it last reported Read the rest of this entry »
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Posted by Jack Davis on March 19th, 2009 at 5:46 pm | Categorized as Docu-Drama, Lam Research, Layoffs | Tagged as Lam Research, Layoffs, Semiconductor industry
Lam Research is getting rid of approximately 375 regular, temporary and contract workers, or about 10 percent of its total workforce, with roughly 225 of the employees being eliminated from locations in North America, with the rest located throughout Asia and Europe, the company said today in a regulatory filing.
The layoffs are expected to be substantially complete by Read the rest of this entry »
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Posted by Jack Davis on March 17th, 2009 at 7:17 pm | Categorized as Docu-Drama, Layoffs, Openwave | Tagged as Layoffs, Openwave Systems, Restructuring
Openwave Systems, the Redwood City supplier of software for mobile communications that has been restructuring every year since 2002, has kept up the again in 2009.
Last week the company said it “committed to a restructuring plan to consolidate” its resources, mostly in development and support. The plan Read the rest of this entry »
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