SiliconBeat

Seagate Technology, the Cayman Islands disk drive maker that operates out of Scotts Valley, today announced that it is terminating five senior vice-presidents and 17 vice-president-level employees Read the rest of this entry »

Cypress Semiconductor will be cutting pay of “all applicable employees, including executive officers” on a sliding scale, at the beginning of its next fiscal quarter. In connection with the plan, executives will have their base salary reduced between 9 percent and 11 percent, the San Jose chip maker said in a filing today.

In the same filing, the company also reported that, after evaluating the company’s financial performance and each executive’s performance in relation to Read the rest of this entry »

Akeena Solar’s share price and workforce got about 25 percent smaller Thursday after the Los Gatos solar power systems supplier and installer released results for its 2008 fourth quarter that missed analysts’ expectations.

While the company’s revenue came in as expected at $10.9 million, it posted a loss Read the rest of this entry »

In one of the most breath-taking pieces of pretzel logic we’ve ever seen, Spansion’s board of directors last week restored the 10 percent cut in pay given to its executive officers last October on the very same day it let go 3,000 employees.

The effective pay raises were characterized as Read the rest of this entry »

The “impacts of future restructuring” that Agilent Technologies hinted at last week took on more shape today when the company filed its plans to layoff 500 employees, or about 3 percent of its full-time staff, along with 300 temporary workers.

The company also said it would be implementing a temporary pay Read the rest of this entry »