Posts Tagged ‘layoff’

Seagate Will Shut Suzhou Plant, Cut Over 2,000 Employees

Hard disk manufacturer Seagate announced that they will shut down their plant in Suzhou and cut over 2,000 employees. The …


Foxconn To Cut 7,000 Employees After Sharp Acquisition

fired employeeFollowing Foxconn’s USD3.5 billion acquisition of Sharp, the Taiwanese company will position the new executive team in July to accelerate …


Lenovo Cuts 3,200 Employees Worldwide

China’s Lenovo Group announced that they will cut about 3,200 non-manufacturing employees worldwide. Lenovo announced this decision in its financial report for the first quarter of the 2015/16 financial year. The company said facing the dramatic decline of PC sales, Lenovo Group must continue to improve effectiveness and cut expenses. They will reduce about 3,200 […]


Yahoo Bids Farewell To Beijing R&D Center

A Yahoo senior vice president reportedly announced via an internal email that they will close their research and development center in Beijing. According to reports in Chinese local media, the shutdown of the Beijing R&D center is a part of the company’s global layoff plan. An internal employee revealed that Yahoo will offer “N+4” compensations […]


Chinese Microsoft Employees Reject Buyout Offer As Company Shuts Factories

Microsoft announced that they will formally shut down manufacturing plants in Beijing and Dongguan in the first quarter of 2015, which will cost over 1,000 jobs.


Adobe Will Close Chinese R&D Operations

Adobe has decided to close its research and development branch in China and all related operations will be terminated at the end of December 2014. Adobe China’s public relations company confirmed that after the Chinese R&D branch stops operating, the Chinese business will be transferred to Adobe India. However, Adobe will maintain its sales businesses […]


Financial Crisis Hits China’s Lenovo As Company Cuts Worldwide Staff

The global financial crisis has hit Chinese PC maker Lenovo (LNVGY) as it today announced cutting approximately 11% of its total global workforce, and the company expects to report a loss for the fiscal quarter that ended December 31, 2008.


Rumor: Lenovo To Cut 200 Jobs In Beijing Headquarters

Chinese PC maker Lenovo (LNVGY) plans to cut 200 jobs in its Beijing headquarters, of which about 5% are senior managers and directors.


Hon Hai To Cut Costs With Employee Relocation In China

To broaden sources of income and reduce expenditure, Taiwan-based technology manufacturing group Hon Hai Precision Industry Company is planning to implement large-scale employee relocations to third-tier Chinese mainland cities that can offer preferential tax policies in addition to reducing its operating budget for 2009 by 20%.


Hon Hai To Cut 20,000 Staff Globally

According to Terry Guo, chairman of the Taiwan-based Hon Hai Precision Industry Company, the technology manufacturing group will implement a global staff cut plan and about 3-5% of its employees will lose their jobs.