Intel Layoffs Job Cut: may layoff employees

As per the news, Intel may be gooing for a massive layoffs or job cuts in the coming few months. The market experts predict this because of the deteriorating market conditions, dipping sales of Intel processors and worst economic outlook.


Though there are no confirm news from the company side, but these are market predictions by the market analyst which, given the market situation, seems to be quite possible.

How many employees may be laid off in Intel Layoffs?
Intel Corporation could be preparing to lay off as much as 10 percent of its work force.

What have been the financial results of Intel recently?
It is predicted that Intel may have to cut down on its fourth-quarter guidance for the second time, because the economic crisis has caused computer makers to sharply curtail the amount of processors they buy for those machines.

Friedman, Billings, Ramsey & Co. analyst Craig Berger wrote in a note to clients that "recent industry checks" suggest that Santa Clara, Calif.-based Intel is preparing a large work force reduction that could be as high as 8,300 employees, or 10 percent of its global staff.

ANy previous record of Intel Layoffs?
Yes. Intel did a layoff in 2006, when about 10500 jobs were cut as smaller rival Advanced Micro Devices Inc. was stealing market share and cutting deeply into Intel's profits in a bruising price war.

How much money can be saved from this Intel Layoffs?
Berger said Intel could save $1 billion a year from a new restructuring and by reducing or eliminating some raises and bonuses because of the company's performance.

Latest: Intel Confirms Plans to layoff 6000 employees

Let's hope that alternative jobs are available to the affected employees of Intel Layoffs Job Cut, if they happen.

Reliance Layoffs Job Cut: layoff 5000 employees

Till now, we had been hearing that Indian Companies are not affected by the global slowdown. Is it really true? No. As per the news, the largest company of India, Reliance has decided to go for a massive layoffs or job cuts in all group companies. The news was released by IBN LIVE, stating that Reliance and group companies have asked around 5000 employees to resign or forceful job termination. We had reported in October about the Reliance layoffs Job Cut. Now, this news confirms the same.


Which companies of Reliance are worst affected by Layoffs Job Cut
The majority of the layoffs will happen in the Retail segment. Though other companies will also face the heat. Some of the companies involved in the exercise are Reliance Retail, Reliance Logistics, Reliance Info Systems and Reliance Corporate Park. The resignations, as against a straight lay-off, leave employees in a better position to find new jobs.

Which class of employees are affected by Reliance Layoffs Job Cut
Majority of the employees are permanent, middle-level managers.

Any number available about the Reliance Layoffs Job Cut
Around 3000 employees in the Reliance Retail sector may be asked to go. There are plans to stop the expansion plans.

What went wrong with Reliance business plans?
The Reliance retail was started with an investment of 25,000 Crore Rs. The plan was to to have all kinds of retail shopping to be covered. However, due to the global economic slowdown, majority of their middle level customers, typically the IT guys and others, have seen the heat of job cuts and salary cuts. People have started saving every penny by shopping at the cheapest possible outlets. It is becoming increasingly difficult for Reliance to keep up the business due to the slow response of the customers. Associate companies like Reliance Gems and Jewels, Reliance Supply chain, Reliance Dairy Production and Reliance Agri Products expnasion plans are takin a toll too.

Then there were protests by small retailers and the politicians. Now, employees in nearly all departments related to the retail business are being fired, said a former employee, who recently left.

In some states, the protests and slowdown have meant the company has decided not to open stores there. Real estate teams are down to one person in such places and other places. While electronics store chain `Reliance Digital’ was supposed to have 20- 25 stores in the first year but actually opened only 3- 4, the hypermarket format was supposed to open over a hundred stores but has opened only two.

In the footwear store chain and health and wellness store chain, Reliance had hired aggressively to keep up with the expansion, but plans didn't materialize.

Reliance Logistics, a Mumbai-based company managed by the RIL chairman’s cousin Niraj Ambani, is one such case. The privately held company that was started in 2001, employs about 2,600 people, of which about 1,000 have been asked to leave in the last two weeks.

Marketing, process quality and business planning departments in the company are being shut down. Employees were given oral orders to resign and have been given the option of staying home and collecting their salaries for the next three months, sources who did not want to be named said.


Since the beginning of the year, this company had been doing third-party work for other companies in the retail business like ITC and Hindustan Unilever. But this has dried up.

Sources in Reliance Retail Limited, a direct RIL subsidiary, said many employees in support functions including information technology have been put on notice. The retail rollout has slowed down considerably specially in Uttar Pradesh, Kerala and West Bengal.

Reliance East West Pipelines has completed construction of the pipeline that will transport gas from the east coast to markets in western India. In better times, RIL would have deployed the white collar workforce to other projects. This time around, 400 employees are anxious as no orders have been received.

Let's hope that alternative jobs are available to the affected employees of Reliance Layoffs Job Cut.

Sony Layoffs Job Cut: layoff 320 France employees

It's the Japanese Electonic giant calle dSony Corporation which has decided to go for a layoffs in France. This bad news for the Sony employees came on Friday when the company officially declared that it has decided to shut down the factory and go for a jobcut.


Sony has decided to close down its factory which is making making videotapes in France

The primary reason for closing down this factory is due to declining global demands of video tapes. WIth the advent of digital media, who would like to carry on with the traditional videotapes.

The fate of the factory's 320 workers remained unclear, but Sony spokesman Shusuke Kanai has said the company was doing its utmost to help them after the closure.

"Global demand for videotapes has been declining as people are switching from videotapes to discs," Kanai said. Sony aims to close the factory, located south of Bordeaux, by the end of March next year.

Sony makes about 80% of its sales overseas. The Japanese electronics giant has slashed its full-year earnings projection due to weak consumer demand and a stronger yen. For the fiscal year through March 2009, Sony is expecting a 150 billion yen ($1.6 billion) profit, down 59% from the previous year.

Let's hope that alternative jobs are available to the affected employees of Sony Layoffs Job Cut.

Nomura Layoffs Job Cut: layoff 1000 London employees

Another financial giant, Nomura has decided to go for a layoffs or job cut. Its the same Nomura which has bought over the Asian assets of the bankrupt Lehman Brothers and now it has decided to go for a massive lay offs in London.

How many employees will be laid off in Nomura Layoffs Job Cut?
Around 1000 employees will be fired by Nomura.

Where will the Nomura Layoffs Job Cuts happen?
The Nomura job cuts will happen in London, which is the European financial hub.

What are the main reasons for the Nomura Layoffs Job Cut?
Nomura is a Japanese giant in brokerage services. Due to the current global market turmoil, it has been severly hit as did the other financial institutes. There are reports of , JP MOrgan WaMu Layoffs, Lehman Brothers Bankruptcy, Citibank Layoffs, UBS layoffs , GS Layoffs and many more. The layoffs will also give way for an internal review of Nomura's equities and investment banking works.

How are the Nomura employees scattered as per the geographical locations?
Of the 8,000 former Lehman employees that Nomura added to its global payroll, about 2,650 are based in Europe and the Middle East.
Nomura currently employs about 4,500 people in London, and the cuts will not be limited to former Lehman staff, said Nomura spokesman Tohru Namikawa.

Let's hope that alternative jobs are available to the affected employees of Nomura Layoffs Job Cut.

United Airlines Layoffs Job Cut: layoff 1200 employees

Airlines appear to be the worst hit sector for in the current financial turmoil. We had reported in October that United Airlines is firing 414 employees and now there is another round of layoffs. Another setback to the employment sector of the USA, the United Airlines has decided to go for a layoffs or job cut.

How many employees will be laid off in United Airlines Layoffs Job Cut
Around 1200 employees will be asked to quit their jobs.

When will the United Airlines Layoffs Job Cuts take place?
The layoffs are expected to start in early next year, meaning that it will be a bad start for the new year for all the affected employees.

What impact will it have on the busines of United Airlines ?
The Airline will be grounding around 100 airplanes , which makes around 20% of its fleet.
Though the oil price are now touching rock bottom at $45 per barrel, but it is expected that the Oil prices will again take a high once the global economy starts to recover. So even if someone wants to trade Oil futures or take a hedged position in the oil futures, it may be diffcult to ascertain the time and price.

Which department of United Airlines will be affected by the Layoffs Job Cut?
As per the reports, United plans to lay off about 700 mechanics, as of Jan. 11, including about 150 workers at Chicago's O'Hare International Airport. Most of the jobs to be eliminated were announced earlier this fall but deferred until after the busy holiday travel season, sources said.

Which locations will the United Airlines Layoffs Job Cuts take place?
The carrier plans deep cuts at its hulking San Francisco maintenance base, where about 300 jobs will be eliminated, sources said. United is closing repair stations at LaGuardia Airport in New York, Newark International Airport in New Jersey and Philadelphia International Airport.
United also has issued notices that it plans to furlough as many as 490 customer service representatives and ground workers at three airports, with the largest of these cuts at O'Hare. Last month, United sent letters warning of pending job cuts to 253 full-time and part-time employees at O'Hare, according to the International Association of Machinists and Aerospace Workers, which represents the workers.

The carrier is also set to lose 387 pilots in January, a source said. That would be the largest monthly exodus of United pilots since the carrier announced in June that it would trim 1,450 pilots.

Let's hope that alternative jobs are available to the affected employees of United Airlines Layoffs Job Cut.

Pratt & Whitney Layoffs Job Cut: layoff 350 employees

Now, it is the Jet engine maker Pratt & Whitney which has decided to go for layoffs. It is reported that most of these job cuts will be made at Connecticut.

What are the reasons for Pratt & Whitney Layoffs Job Cut
Same old reasons as quoted by many other companies - falling demand, falling sales, global financial crisis and so on.

How many employees will be fired in Pratt & Whitney Layoffs Job Cut
Around 350 employees will loose their jobs in the country.

Any specific details of the location where Pratt & Whitney Layoffs Job Cut will be made?
Out of 350, around 280 job cuts will be made at Connecticut alone. Rest 70 will be spead across the other locations.

Any previous job cuts by Pratt & Whitney ?
Pratt had already cut more than 100 blue-collar workers in Connecticut this year, as well as an undisclosed number of salaried workers nationwide. Whitlow said the latest reductions would help mitigate falling revenue. The latest cuts amount to about 1 percent of Pratt's global workforce of 38,000 and 2 percent of its Connecticut workforce of 12,000.

Many of Pratt's business lines have been affected by the recession, including the highly profitable work of servicing and repairing engines for commercial airlines, company spokeswoman Jennifer Whitlow said. U.S. airlines have been cutting capacity and grounding aircraft all year.
Let's hope that alternative jobs are available to the affected employees of Pratt & Whitney Layoffs Job Cut.

Seneca Gaming Layoffs Job Cut: layoff 210 employees

It all started with the financial meltdown, the financial crisi which went on for now over a year. In such a scenario, how can people spend on luxuries? At an extreme, how can people go to casinos and try their lick with their money? This is what is going on. So the casino giant Seneca Gaming has decided to go for a layoffs.

How many employees will be laid off in the Seneca Gaming Layoffs Job Cut?
Around 210 employees of Seneca Gaming Corporation will be laid off.

What are the primary reasons of Seneca Gaming Layoffs Job Cut?
As per the news, there are some statements issued by the officals. "Our net revenues have decreased over the past months. We've been monitoring the situation daily and have had to make these difficult decision in order to preserve as many jobs as possible," said Seneca Gaming Corporation Chairman Barry E. Snyder.

Any other developments by the Seneca Gaming Corporation?
Yes. The construction work has been suspended at the casino sites in Buffalo and Salamanaca.

Any salary cuts by Seneca Gaming ?
Yes. The Gaming Corporation has frozen salaries of salaried employees that make seventy thousand dollars or more yearly, and suspended its year end bonus program. Snyder has also asked members of the board of directors and senior management to take a five to 15 percent pay cut to help reduce the number of potential layoffs.

Let's hope that alternative jobs are available to the affected employees of Seneca Gaming Layoffs Job Cut.

JP Morgan WaMu Layoffs Job Cut: layoff 3400 employees

Intially, we had reported that JP Morgan will go for a big layoffs and now there is the official announcement about it.The ailing financial giant Washington Mutual or WaMu, which was recently taken over by the J P Morgan has finally annouced the correct number of layoffs.

So its all happening in real. J P Morgan controlled WaMu will be eliminating 3400 jobs in various sectors.

How many employees will be affected in the JP Morgan WaMu Layoffs Job Cut?
Around 3400 employees will be asked to quit their jobs.

Where will the JP Morgan WaMu Layoffs Job Cut happen?
The layoffs will happen in Seattle. This was confirmed by the spokesman Tom Kelly.

What percentage of employees will be loosing their jobs in JP Morgan WaMu Layoffs Job Cut?
Around 80% - as there are 4,300 people employed by WaMu in the Seattle. Most branch workers will however retain their jobs.

Fortunately it sounds like those that are losing their jobs are at least being given pretty nice severance packages, and many will have lots of time to find new jobs. It still hurts to lose a job though, and I sincerely hope that those affected by the massive bank failure are able to keep on their feet through these difficult economic times.

Let's hope that alternative jobs are available to the affected employees of JP Morgan WaMu Layoffs Job Cut?.