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Tag: job cuts
Sprint CEO talks consolidation, job cuts
2014-09-12 02:00:00| Total Telecom industry news
Marcelo Claure praises T-Mobile's 'phenomenal job' of attracting customers.
Tags: job
ceo
talks
consolidation
VIDEO: Malaysia Airlines job cuts a concern
2014-08-26 08:45:12| BBC News | Business | UK Edition
At Malaysia Airlines potential reforms reportedly range from a fleet re-organisation and a new chief executive, to broad job cuts.
Tags: video
job
concern
malaysia
Cisco's 6,000 Job Cuts Drown Out EZchip Profits: Israel Markets
2014-08-17 18:52:03| Electronics - Topix.net
EZchip Semiconductor Ltd. reported double-digit earnings and sales growth last week, beating analysts' estimates for a second straight quarter.
Cisco plans more job cuts as quarterly sales flat
2014-08-14 08:44:00| Telecompaper Headlines
(Telecompaper) Cisco reported revenue of USD 12.4 billion for its fiscal fourth quarter to July, down 0.5 percent from a year earlier. The gross margin rose to 59.9 percent from 59.2 percent a year ago, while the operating margin fell to 21.7 percent from 22.7. Net profit dropped 1.0 percent over the same period to USD 2.2 billion. Cisco said the operating environment remained "tough" but the company's book-to-bill ratio was "comfortably over 1" in the quarter. Cisco spent in total USD 13.3 billion in the past fiscal year on share repurchases and dividends and finished the year with total cash of USD 52.1 billion. While the company's headcount rose by around 1,000 last year to 74,000, Cisco announced another round of job cuts. It will eliminate around 6,000 positions at a restructuring cost of USD 700 million. Cisco CEO John Chambers told the Wall Street Journal that the job cuts are designed to make room for adding different kinds of skills, rather than lowering costs. He does not expect the total headcount to change over the current fiscal year, as staff are added in areas such as data centres, security and cloud offerings.
Analysts say Rogers job cuts could be good if they lead to revitalization
2014-07-23 02:18:11| Telecom - Topix.net
With Rogers Communications Inc. confirming that it has eliminated "several hundred middle management positions" as part of its Rogers 3.0 corporate revitalization plan, analysts say the Toronto-based company's new CEO Guy Laurence is taking necessary steps to shake up the company after a period of stagnation.
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