Dozens of jobs have been cut with redundacies being placed in the company's Taiwan headquarters. And yet, HTC struggles on in India.
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After recent acquisition, Broadcom lays off 1,100 employees
What would have happened if Broadcom had acquired Qualcomm? Some say we should take a cue from the aftermath of a recent actual acquisition.
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Qualcomm job cuts stand at 1,500 in California, more elsewhere
The semiconductors company is looking to cut 4 percent of its staff as part of a cost reduction regime to increase dividends to investors.
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Qualcomm begins cost reduction regime with widespread job cuts
The California-based semiconductors company is working to cut operation cuts by about $1 billion yearly and had considered not touching the workforce.
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Moto X5 canceled, Moto Mods program restrained after rumored job cuts
The Moto X4 successor may not be while Moto Mods may not be as imaginative as Lenovo had hoped they could be. All as the mobile division suffers financially.
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Lenovo rumored to have cut Motorola Chicago staff again
Anywhere from one-third to one-half of the remaining staff in Chicago are getting the slip. One Moto Mod developer is holding back on devastating news for the Moto Z series.
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Microsoft job cuts mean up to 3,000 staffers will be laid off
The word on the street is that the sales department will downsize and serve businesses, businesses and more businesses. All sizes, too.
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LeEco layoffs finally take hold in US, totaling 325 jobs
Financial troubles continue to burden the company's faltering expansion from China. A hardware ecosystem will fall away to content subscriptions.
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Rumored LeEco job cuts mean only 300 on US payroll
Back in October, chairman Jia Yueting said that the company had 500 employees in the US "with more being added each week."
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LeEco may leave Silicon Valley to pave over financial turmoil
The Chinese smartphone-maker has billions of dollars coming its way, but it's been chewing gristle in its oversized US operations in the meantime.
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Mozilla cuts 50 jobs in connected devices, Firefox OS falls to IoT focus
Firefox has not been working out on televisions, phones and tablets. Heck, web browsing is suffering, too. But aims are high for IoT.
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Fitbit disappoints in holiday quarter, letting go 110 employees
A sluggish holiday quarter and an overall sluggish year is the word from Fitbit. But the company did come away from 2016 with some new assets it can use.
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The Information: Fitbit job cuts expected following holiday sales slump
No numbers have been detailed. The company is expected to give a downbeat overview of its fourth quarter performance on January 30.
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The Information: Fitbit job cuts expected following holiday sales slump
No numbers have been detailed. The company is expected to give a downbeat overview of its fourth quarter performance on January 30.
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ZTE lays off 3,000 as phones continue to underperform in China
For all the big deal ZTE wants to make itself out to be in the United States, it is really having a rough go at the consumer market in its native China — to the point where, according to chairman Zhao Xianming, the company has “encountered its biggest crisis in its 31 year history.”
Not a good way to start off 2017.
The company has laid off 3,000 workers or about 5 percent of its ranks of 60,000. Approximately 600 of those pink slips will go to those working on handsets for the Chinese market. A local manager told Reuters that employees who had tried to attain jobs at successful rival Huawei are also being let go for being “unstable factors.”
These days, ZTE rarely registers among the top smartphone OEMs in the Middle Kingdom. Not even its hip Nubia sub-brand has inspired the flash sales figures that Xiaomi and OPPO have.
Its entire smartphone business seems to be in constant jeopardy as well, thanks to looming sanctions from the US Commerce Department. The manufacturer is cooperating with the investigation into its breach of sanctions for selling equipment to Iranian businesses. While those sanctions, which would block ZTE’s ability to source components from United States companies like Qualcomm and Microsoft, have been put off for about a year, President-Elect Donald Trump may effect them once he establishes his regime at the White House later this month. Trump accuses the Chinese of interfering with its currency and vows to “take jobs back” from the Asian region in general.
The company is also in a gap period serving its telecommunications partners between the end of 4G development and the beginning of 5G deployment.
Other businesses have been leaching on ZTE’s bottom line as well.
“In 2017… business that don’t fit our strategic direction or with low output performance will be shut, suspended, merged or reconfigured, improving the company’s core competitiveness,” Zhao said in transcripts posted to ZTE’s official WeChat account.
Obtained memos show that four new executive-level positions have been created to oversee investment, auditing, compliance and taxes.
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