Layoffs

Thumbnail image for EXCLUSIVE: Restoration Hardware Planning Top-Level Layoffs

EXCLUSIVE: Restoration Hardware Planning Top-Level Layoffs

Inside sources are reporting that home furnishings giant Restoration Hardware is planning to consolidate its upper-management in a last-ditch effort to reduce costs by cutting high salaries. Recent layoffs of low-level employees have shifted the workload to managers, leaving middle-management stretched too thin while not staving off the company’s financial crisis.

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Thumbnail image for Rapp Layoffs: Agency Culls Freelancers and High-Salaried Employees

Rapp Layoffs: Agency Culls Freelancers and High-Salaried Employees

The Daily Anchor has just received an inside tip that heads are being culled at Rapp Ad Agency in Ogilvy-style. Higher salaried employees and freelancers are getting the boot, but managers are said to be safe for now. Thus far I’m hearing reports of 13 layoffs in New York and 6 in Chicago, but 10% of the workforce is said to be targeted for layoffs.

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Thumbnail image for Pfizer Layoffs: Pfizer to Merge with Wyeth and Layoff 10% of Workforce

Pfizer Layoffs: Pfizer to Merge with Wyeth and Layoff 10% of Workforce

On Friday we reported that Pfizer was in talks to takeover Wyeth, and over the weekend the $68 Billion deal was finalized. The AP reports that Pfizer is cutting 10% of its workforce, slashing its dividend, and reducing the number of manufacturing sites. Inside sources exclusive to The Daily Anchor are saying that the layoffs will focus on Pfizer’s sales team, and that 50% of its pharmaceutical sales positions will be eliminated to make room for Wyeth.

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Thumbnail image for Microsoft Layoffs: 5,000 Jobs to be Cut Over Next 18 Months

Microsoft Layoffs: 5,000 Jobs to be Cut Over Next 18 Months

This morning Microsoft CEO Steve Ballmer sent an email to all Microsoft employees announcing plans to layoff 5,000 employees over the next 18 months. Most news sources are saying “an internal email was leaked to the press,” which makes this sound like the email was intended to be kept private. However…

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Google Layoffs 2009: Google Cuts 100 Positions yet Manages to Redeem Itself

Earlier this week Google closed several engineering offices and eliminated 100 recruiting positions (Googlers, not contractors this time), but handled it such a way that it actually serves as a model for how other companies should manage layoffs…

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Pfizer Layoffs 2009: New Details Emerge and Rumors Abound

Pfizer has announced a new round of layoffs. The cuts target 800 research positions, 556 sales positions in Italy, and nearly 1,000 sales positions in France. I’ve compiled the hard facts that have been reported thus far, as well as unsubstantiated but seemingly credible details on how Pfizer will determine who gets laid off…

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Oracle Layoffs 2009: Sorting Fact from Rumors

Layoffs at Oracle began on Friday 1/9, but so far rumors abound while hard facts and figures are difficult to come by. Shocking. In an effort to sort the wheat from the chaff, here’s the latest separation of fact and fiction…

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Ogilvy Layoffs 2009: Follow-up

As a follow-up to our coverage of Ogilvy’s recent layoffs, we bring you “The Top 6 Layoff Headlines that Were Never Posted on Ogilvy.com” as well as “Key Excerpts from Recent [awesome] Comments in the Blogosphere…”

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Google Layoffs: 5,000-10,000 Contract and Temp Jobs Get Cut

Details are murky, but Google Inc. has cut 5,000-10,000 temporary workers in a recent austerity drive spurred by the recession, although the Internet search leader still intends to spend billions of dollars during the next two years on product research, development and acquisitions…

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Ogilvy to Layoff 10% of U.S. Staff

In response to reductions in client spending, layoffs began yesterday at The Ogilvy Group. Some sources are estimating up to 300 North American employees will be laid off, while others are predicting a 10% reduction. BNET is predicting that this is just the beginning of a wave of thousands that will go through WPP’s agencies in the coming year…

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