AT&T announced plans to reduce about 12,000 jobs--roughly 4 percent of its total workforce--but said it will continue to add jobs in some parts of its business, including wireless, video and broadband. Blaming the job cuts on economic pressures, a changing business mix and organizational restructuring, AT&T said the first wave of reductions will take place this month and continue t...

Woolworths price cuts worry operatorsBox breakers waiting for Woolworths price cutsThe restructuring firm running Woolworths is likely to cut prices on its phones in the run up to Christmas, prompting fears from operators that their stock in the retailer’s stores

Mobile gaming publisher Glu Mobile announced it will reduce headcount while slashing total annualized non-GAAP operating expenses by about $13 million, or 19 percent from second quarter 2008 levels. Glu did not indicate the number of jobs it will cut, but did say it will incur pre-tax Q4 restructuring charges related to estimated severance costs in the range of approximately $625,000 to $675,000. ...

DSG International PLC, Britain's largest consumer electronics retailer, posted a net loss for the first half of the year on Thursday, after the company cut prices to compete with internet retailers and spent more on restructuring the business.

Woolworths searches for rescue to avoid collapseA £1 offer from restructuring firm Hilco was rejected by shareholdersWoolworths is entering arguably the most critical week in its 130 year history as the company faces possible collapse if it fails to find

Palm isn’t certainly doing as good as its management would like it to. That’s why the company is getting ready to fire an undisclosed number of people in an attempt to save some money. The company will go through some restructuring in the USA and in other countries. Here’s what a Palm official had so

My, my -- how's this for truth in advertising? Palm InfoCenter has confirmed with a Palm spokesperson that the flagging outfit will be laying off an undisclosed amount of employees as the economy worsens and the firm attempts to keep that final nail from being slammed down on its coffin. According to the spokesperson, the company will undergo a certain amount of restructuring (sound familiar?...

Nokia Siemens Networks has completed the preliminary planning process to identify the proposed remaining headcount reductions necessary to reach its previously announced synergy-related headcount adjustment goal

Nokia Siemens Networks has completed the preliminary planning process to identify the proposed remaining headcount reductions necessary to reach its previously announced synergy-related headcount adjustment goal. As a result, the company is now starting the process of sharing these preliminary plans with employees and employee representatives in Finland and Germany. Actual reductions will occur on...

Nokia Siemens Networks said it will continue to make job cuts as it finalizes a restructuring plan to create $2.55 billion in savings by the end of 2009. The joint venture said it would cut 700 more workers in Finland, bringing the total number of jobs cut in that country to 1,300. In addition, the company said it would cut 500 more jobs in Germany on top of the 2,300 it h...