Recession roundup: volume eleventeen zillion

We’re getting rather tired of having to “roundup” the misery, loss of profits, and layoffs in this modern era of plenty and luxury, but there’s seemingly no end in sight, so here we go. Texas Instruments announced plans to cut 12 percent of its workforce (apparently as a safety measure as its profits last quarter actually topped analysts’ estimates). Meanwhile, Panasonic’s announced some modest cuts of roughly 600 workers, in addition to closing some of its plants in Asia as it posted a net loss for the first time in six years. Moving on, Hewlett-Packard’s laying off nearly 25,000 people in a “restructuring” scheme, while those IBM losses we’ve been hearing about (and which have been rumored to number nearly 16,000) are now quietly happening in several locales across the U.S. Finally, big boxer Best Buy’s just confirmed impending cuts at their headquarters in Minneapolis, but won’t release any hard numbers until February. Seriously, world: the future is disgusted with us.

Read – Texas Instruments cutting jobs
Read – Panasonic to cut 560 jobs, close plants
Read – IBM, HP quietly cut thousands of jobs
Read – Best Buy plans layoffs at headquarters

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Bose announces it’s cutting 10 percent of its workforce


Well, more awful news being flung our way. Bose, hallowed manufacturers of a plethora of fine iPod docks and countless other expensive, luxurious electronic goods, has just announced 1,000 job cuts. That means that about 10 percent of their workforce — across several areas, including their manufacturing sector — will be out of work in the very near future. The Bose rep cited the decline in the global economy as the main reason for the “reductions.” Reductions? Cute.

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AMD hacks another 1100 employees, cuts executive salaries by 20%


Barely two months ago we found that another round of layoffs would land 500 employees at AMD without a job. Now, we’re hearing that the chip maker is looking to scale down its workforce by another nine percent, which means that around 1,100 positions will be vacated in Q1 2009. Also of note, the arguably overpaid Executive Chairman Hector Ruiz and his buddy Chief Executive Dirk Meyer will each see “temporary” (what, like a day?) 20 percent cuts in base salary. Oh, and in case you needed a little more doom and gloom with your wine and cheese, the outfit is also suspending its 401(k) company match. Awesome.

[Image courtesy of DavidWSmith, thanks Spencer]

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[CES 2009] Anybot

anybot-qa

By David Ponce

Traveling can suck. It’s much more gratifying to sit in your leather throne in your corporate office and order your minions from a distance. Enter QA, from AnyBots, a $30,000 telepresence self-balancing robot that can take you (virtually) to your Singapore child labor camp precocious workforce facility and see how things are going without ever having to leave the comfort of wherever you call home. Once powered up, you log into QA and move it around at will. You face shows up in its chest, your voice is heard through its speakers and more importantly the look of abject subordination is seen (and transmitted back to you, live) on the face of your cowering middle-managers through its soulless camera-eyes. You can make it bend and look around, and even has a laser that you can use to point to things that need to be done.

QA has a battery life of 4 to 6 hours, depending on usage and can move around at speeds of up to 6mph. Currently the company is small and is looking for investors, or any sort of financial help that would allow it to streamline their manufacturing process and drop that kick-in-the-gut $30k price tag.

[ AnyBots ]

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Logitech axes 15% of salaried workforce as it restructures


Logitech may be bringing the heat at CES, but that doesn’t mean it’s not feeling the pinch. Alongside a few new pieces of kit, the outfit has also announced that it will be undergoing a serious restructuring as it moves forward. According to president and chief executive officer Gerald P. Quindlen: “During the December quarter, the retail environment deteriorated significantly, and moreover, we expect the economic environment to worsen in the coming months and we are therefore taking significant actions to align our cost structure with what is likely to be an extended downturn.” Sadly, those “actions” involve sending home some 15% of its salaried workforce worldwide, and it’s expecting the savings from all of this to show in Q1 of fiscal year 2010. Ouch.

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Creative axes 2,700 jobs, simultaneously lowers expectations for Zii


While the hype is bubbling over surrounding Creative’s Zii “stemcell computing,” the outfit obviously doesn’t think whatever it is will turn things around. Instead, it has chosen to cut some 2,700 jobs — nearly half of its workforce — as “demand for its music players tumbled.” According to a report filed to Singapore’s stock exchange on December 31, 2008, the company had 3,100 full time employees at the end of June 2008, which is around 47% lower than what was posted a year prior. ‘Course, we suppose the cuts aren’t all that surprising after posting a net loss of $19.7 million on the lowest revenues in five years, but it still makes us wonder just how confident the company is about this whole Zii dealio.

[Thanks, Grayson]
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Western Digital sheds 2,500 jobs


Just in time for the holidays, it’s Tickle Me Layoffs. Western Digital is cutting loose 5% of its workforce — that’s 2,500 more people who’ll be staying home against their will. Hey Nintendo, why are you so happy?
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