Belmont, Calif.-based IXI Mobile, which makes Ogo mobile devices, has cut 40 employees or 25 percent of its staff and is closing facilities to save money, San Francisco Business Times reports . The company lost $21.5 million a year ago and was able to cut its second quarter loss to $11.4 million, but...
AT&T is laying off 1.5 percent of its 309,000 workers, which will be reflected in a Q1 pretax charge of $374 million, WSJ reported , citing a 10-K filing on Friday. The job cuts will mainly be felt by those in management positions. AT&T ( NYSE: T ) said that the reason for the cuts is to streamline...
Virgin Mobile USA ( NYSE: VM ) might slash its roughly 400-person staff by one-fourth as the company seeks to rebound from poor quarterly earnings numbers. But spokeswoman Jayne Wallace also said no decision had been made about whether layoffs would occur and called today's VentureBeat report that...
Virgin Mobile USA ( NYSE: VM ) might slash its roughly 400-person staff by half as the company seeks to rebound from poor quarterly earnings numbers. But spokeswoman Jayne Wallace also said no decision had been made about whether layoffs would occur and called today's VentureBeat report that the...
Motricity, the mobile content/technolgy firm, told employees today that it will make an announcement regarding layoffs as early as March 3, according to a source citing a letter sent to employees. The letter, sent by Motricity's CEO Ryan Wuerch today, said that the company did not have any more information...
Motricity, the mobile content/technolgy firm, told employees today that it will make an announcement regarding layoffs as early as March 3, according to a source citing a letter sent to employees. The letter, sent by Motricity's CEO Ryan Wuerch today, said that the company did not have any more information...