Thursday, June 27, 2002

1:38:59 PM    comment  []

Cap Gemini slashing more than 5,000 jobs French computer services and consulting firm Cap Gemini Ernst & Young said Thursday it will cut 5,500 jobs, or 10 percent of its work force, over the next six months as it adjusts to the slump in the telecommunications and financial services businesses. The job reductions, designed to streamline its administrative operations, come on top of 5,400 job cuts last year. The company currently employs 55,000 people worldwide. 12:09:54 PM  Google It!  comment  []

Motorola to Cut 7, 000 More Jobs "Motorola on Thursday said it plans to eliminate another 7,000 jobs, or 7 percent of its worldwide work force, to lower costs and return to operating profitability in the second half of the year." "As part of a lengthy restructuring, the Schaumburg-based company has been reducing its work force from the 150,000 employees it had in August 2000 to the roughly 100,000 people it now employs." "In a statement, the cell-phone and semiconductor giant said the cuts will affect all business segments and corporate headquarters operations. It is part of an effort to lower expenses in a number of areas, including, manufacturing, research and development, and sales." 8:27:36 AM  Google It!  comment  []