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Dell, Motorola, IBM announce more job cuts

Posted: 04 Jun 2007 ?? ?Print Version ?Bookmark and Share

Keywords:tech job cuts? Motorola restructuring? IBM layoffs? Dell jobs?

The tech industry is set to be hit by another round of layoffs following announcements from three of the sector's giants last week.

Dell Inc. said it would trim more than 8,000 jobs over the next 12 months as it continues to search for a way to win back lost market share. The announcement followed reports of a dip in Q1 earnings for the embattled PC maker. The report included a charge of $46 million for costs related to an ongoing federal accounting probe. "While reductions in headcount are always difficult for a company, we know these actions are critical to our ability to deliver unprecedented value to our customers,'' the Texas-based company's returning CEO Michael Dell said in a statement Thursday.

At least 4,000 more staff cuts are expected at Motorola Inc. as part of an ongoing restructuring scheme. "Today's actions are an update to the commitment we made during our first-quarter earnings conference callto drive out additional costsand a continuation of the plan we announced in January," Tom Meredith, Motorola's chief financial officer, said in a release. The world's No. 2 cellphone maker has previously announced that it would lay off 3,500 employees by June's end.

Over at IBM Corp., 1,500 workers were let go Wednesday. The layoffs bring the year's total to 3,700 and mark the second round of job cuts for May. Most employees affected by the latest reorganization worked for Big Blue's lucrative technology services division, which continues to be hit hard by the company's outsourcing deals abroad.

- Elizabeth Valdezco
EE Times-Asia




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