Ericsson to cut 5,000 jobs | Business Tech - CNET News

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news.cnet.com - 1/22/2009

Ericsson to cut 5,000 jobs | Business Tech - CNET News

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Wireless equipment maker Ericsson said Wednesday it will cut 5,000 jobs after witnessing a 31 percent drop in fourth-quarter net profit year over year. The Swedish company said profit plummeted due to a dramatic drop in sales in its handset unit, Sony Ericsson, and restructuring charges. ...

blogs.zdnet.com - 1/22/2009

Microsoft to cut 5,000 jobs

— blogs.zdnet.com — The official word is out: Microsoft is going to cut 5,000 jobs over the next 18 months,... 1,400 of them today, January 22. (more) Microsoft to cut 5,000 jobs

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news.yahoo.com - 1/21/2009

Ericsson reports profit drop, to cut 5,000 jobs - Yahoo! News

— news.yahoo.com — STOCKHOLM, Sweden LM Ericsson shares gained more than 11 percent Wednesday after the wireless equipment maker posted... fourth-quarter earnings that beat expectations dimmed by the global economic downturn . Ericsson said net profit dropped 31 percent, ... (more) Ericsson reports profit drop, to cut 5,000 jobs - Yahoo! ...

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Comments vote down TG Daily - All News found this 1/21/2009found this

marketwatch.com - 1/26/2009

Philips to cut 6,000 jobs after first loss in five years

— marketwatch.com — Intraday data provided by Interactive Data Real Time Services , a division of Interactive Data Corp. and... subject to terms of use . Historical and current end-of-day data provided by Interactive Data Pricing and Reference Data . More information on ... (more) Philips to cut 6,000 jobs after first loss in five years

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Blog Reactions

Krunker: Tough tech times..

TechCrunch: Tech Layoffs Come Back With a Vengeance: 80,000 In January, Approaching 200,000 Total

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