Mistakes, heavy competition force Nokia to reboot
Microsoft is helping Nokia to further lower the cost of its smartphones, as it aims to better compete with Android.
Microsoft is helping Nokia to further lower the cost of its smartphones, as it aims to better compete with Android.
Adobe Systems will lay off 680 staff, or 9 percent of its workforce, in its latest move to cut costs, the company confirmed Tuesday.
Advanced Micro Devices on Monday said it plans to lay off 10 percent of its work force by the third quarter of 2008 in an effort to cut costs.
An analyst who covers IBM called the report "hogwash," saying IBM's business is doing well and that the company's overall number of employees has gone up in the past five years.
Sun Microsystems Inc., plans to lay off as many as 5,000 employees, sell real estate and "simplify" its product line in an effort to boost profits, its newly appointed CEO Jonathan Schwartz said.
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