restructuring

restructuring

Daily deal site Tippr acquired by nCrowd

www.geekwire.com
Tippr, the heavily-funded Seattle daily deals site, has been acquired in a deal of undisclosed size by Atlanta’s nCrowd. Kara Swisher at All Things D reports that the acquisition comes amid a “tough environment” for daily deal sites. Originally started under the name Kashless, Tippr went on to raise...
Daily deal site Tippr acquired by nCrowd

Federated Media CEO Deanna Brown steps down, company founder John Battelle assumes leadership

thenextweb.com
Federated Media’s CEO Deanna Brown announced today that she will be leaving her position within the company. In her place, founder and Executive Chairman John Batelle will succeed in an attempt to keep the company competitive in a evolving industry landscape. Brown has not announced her next plans, but she...
Federated Media CEO Deanna Brown steps down, company founder John Battelle assumes leadership
PayPal cans 470 workers to delight customers and get stronger (yeah, really)

OnLive's founder and CEO Steve Perlman is out

gigaom.com
Here’s the latest from the ongoing OnLive restructuring drama: OnLive’s founder and former President and CEO Steve Perlman has left, the company just told us via press release. He is being replaced by former head of operations Charlie Jablonski, who will take on the role of COO and acting CEO....
OnLive's founder and CEO Steve Perlman is out
This One Chart Shows Why The U.S. Economy Is Finally Recovering...

Kodak offloads patents for $525 million, Apple and Google both grab a slice

www.engadget.com
This isn't a huge surprise, since we already knew that specialist patent buyers were circling Kodak's wares with around half a billion dollars in their baggy pockets. Nevertheless, the deal is now done, with Intellectual Ventures and RPX Corporation working together to snap up the imaging IP for $525...
Kodak offloads patents for $525 million, Apple and Google both grab a slice

More Layoffs Looming at RIM

allthingsd.com
For Research In Motion summer layoffs are becoming an annual event. In July of 2011, the struggling maker of BlackBerry smartphones sacked 10 percent of its global workforce — some 2,000 employees — as “a prudent and necessary step for the long term success of the company.” Now it’s gearing...
More Layoffs Looming at RIM

RIM Is Planning On Cutting 2,000 Jobs (RIMM)

www.businessinsider.com
Research in Motion is planning a huge restructuring that could result in 12% of its workforce, or 2,000 jobs, being cut, Iain Marlow at the Globe and Mail reports. Marlow says the layoffs will be formally announced around June 1, which is just before it announces quarterly earnings. RIM has...
RIM Is Planning On Cutting 2,000 Jobs (RIMM)

HTC Loses US$40 Million From OnLive Restructuring

www.pcworld.com
Taiwanese smartphone maker HTC said on Monday it will have to book a US$40 million loss from its investment in U.S. cloud gaming service OnLive, which is......
HTC Loses US$40 Million From OnLive Restructuring

Streamlining its brand, Jingdong's 360buy.com renames to JD.com

thenextweb.com
China’s Jingdong announced today that, in order to streamline its brand, it is renaming the B2C e-commerce site 360buy.com to JD.com. 360buy’s focus has been on communication, computers and consumer electronics. It boasts around 80 million registered users. The move is not so much a restructuring as it is perhaps...
Streamlining its brand, Jingdong's 360buy.com renames to JD.com
RIM reports fiscal Q1 2013 earnings: cutting 5,000 jobs this fiscal year, $518m net loss

BT planning to write off 2.6 percent stake in troubled OnLive

www.engadget.com
BT thinks that it's "highly likely" it'll let its 2.6 percent stake in OnLive go to the wall. It told TechRadar that it was keeping a "close eye" on the gaming venture which is restructuring in the face of spiraling debt costs. The telecoms provider has promised that its...
BT planning to write off 2.6 percent stake in troubled OnLive
RIM CEO announces purges, wants to recapture love of enterprise IT

T-Mobile exec warns of additional layoffs

www.electronista.com
T-Mobile CEO Philip Humm has reportedly distributed a memo to employees warning of "difficult decisions" as the company prepares to announce further restructuring plans. The note does not detail the extent of such cuts, though the executive suggests it is forced to find a new strategy that "aligns our costs...
T-Mobile exec warns of additional layoffs

Bach, Allard Leaving Microsoft

www.techflash.com
Todd Bishop: Robbie Bach and J Allard, founding fathers of Microsoft’s Entertainment & Devices Division, are leaving the company as part of a broader restructuring that will give CEO Steve Ballmer more direct oversight of consumer businesses including Microsoft’s struggling mobile unit. I’m sure Ballmer can fix it.  ★ ...
Bach, Allard Leaving Microsoft

Nokia To Fire 300

www.businessinsider.com
Finnish mobile phone maker Nokia said it will cut over 1000 IT jobs, including 820 employees who will transfer to HCL Technologies and Tata Consultancy Services, as part of an already-announced restructuring. It said 300 jobs will be cut altogether, and that most of the reductions would be in Finland....
Nokia To Fire 300

Nokia completes the offloading of its luxury Vertu brand, along with 1,000 staff

thenextweb.com
Nokia has announced today that it has completed the divestment of its Vertu brand, the division of the company known for gold-plated phones with average specs and such, to the EQT VI fund. Announced in June, the deal sees the troubled Finnish firm hold on to a 10% stake in...
Nokia completes the offloading of its luxury Vertu brand, along with 1,000 staff

Toshiba slips into the red as it records a $153 million loss

www.engadget.com
Toshiba's most recent fiscal results (the first of its 2012 financial year) show that while the company pulled in $16 billion in turnover, it slumped to a $154 million loss for the last three months. While its "social infrastructure" unit (power plants, LED light bulbs and radiation detectors) generated...
Toshiba slips into the red as it records a $153 million loss
Google's Motorola to lay off a further 10 percent of its workforce
Panasonic halving HQ workforce, says Nikkei

Sharp to cut 2,000 jobs in Japan

www.computerworld.com
Troubled Japanese LCD and TV panel maker Sharp said Tuesday it will cut 2,000 jobs domestically, or about 6% of its local workforce, as part of ongoing restructuring efforts....
Sharp to cut 2,000 jobs in Japan

Logitech to cull 140 employees under cost cutting measures

www.electronista.com
Peripheral manufacturer Logitech is looking to lay off five percent of its workforce over the next year, as part of a cost-savings exercise. The savings, expected to total between $16 and $18 million in its 2014 fiscal year, will come partly from the loss of 140 jobs, and will be...
Logitech to cull 140 employees under cost cutting measures

Engadget Eurocast 021 - 04.04.13

www.engadget.com
An American has invaded the Eurocast! Okay, not really... We asked our amazing NYC-based editor, Joseph Volpe, to grace us with his lovely voice. Topics for this edition include the likely-to-be announced HTC & Facebook phone, Michael Dell's restructuring memo, OUYA (OH, YEAH) and our -- slightly NSFW --...
Engadget Eurocast 021 - 04.04.13
Despite All the Sturm und Drang, Yahoo Will Likely Beat This Quarter (It's the Next Step That's a Doozy)

Rumor: RIM to lay off at least 2,000 more

www.electronista.com
BlackBerry manufacturer Research In Motion is likely to lay off 2,000 or more workers in the coming months, sources tell AllThingsD. The handset maker has seen its fortunes decline in light of the popularity of the iPhone and Android-powered handsets, and the rumored restructuring would be a bid toward streamlining...
Rumor: RIM to lay off at least 2,000 more

PayPal Cutting 325 Employees as Part of Restructuring Plan

allthingsd.com
PayPal has confirmed that it is eliminating 325 positions in the company as part of its plan to consolidate its product divisions into one large group. “While PayPal is strong and performing well, making decisions that impact our employees was hard. So this is a difficult day at PayPal,” said...
PayPal Cutting 325 Employees as Part of Restructuring Plan

Bart Perkins: Make sure your restructuring is savvy, not silly

www.computerworld.com
There are several factors to consider in planning a wise and pain-free restructuring. Insider (registration required)...
Bart Perkins: Make sure your restructuring is savvy, not silly

Yahoo's VP Of Infrastructure Leaves The Marissa Mayer Regime For Apple (AAPL, YHOO)

www.businessinsider.com
It looks like Apple just poached a top employee from Yahoo. Adam Bechtel, the VP of infrastructure at Yahoo, is reportedly leaving for an "unspecified" position at Apple, according to Kara Swisher at AllThingsD. Bechtel joined Yahoo in 2003 after the company acquired Inktomi Corporation where he was in charge...
Yahoo's VP Of Infrastructure Leaves The Marissa Mayer Regime For Apple (AAPL, YHOO)
Google's Motorola laying off 20 percent of its workforce as it focuses on a few good phones

Yahoo Product Org Changes Now Taking a Backseat to Company-Wide Restructuring (Memo!)

allthingsd.com
In a memo to his staff today, Yahoo’s Chief Product Officer Blake Irving said that the major planned changes he was making to the unit, which I reported about here, were going to get tabled. That’s due to the larger restructuring being done by CEO Scott Thompson, which he communicated...
Yahoo Product Org Changes Now Taking a Backseat to Company-Wide Restructuring (Memo!)
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