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2012: Industry rocked by over 85,000 job cuts

Posted: 16 Jan 2013     Print Version  Bookmark and Share

Keywords:job cuts  cost-cutting  electronics  restructuring 

Alcatel-Lucent
No. of cuts: 5,490
As part of the cost-cutting plan, telecom equipment maker Alcatel-Lucent said the job cuts will affect 3,300 jobs in Europe, Middle East, and Africa,1,200 in the United States, and 1,000 in Asia Pacific.

Alcatel-Lucent cuts 5,490 jobs globally

Renesas Electronics
No. of cuts: 5,000
2012 brought many ups and down for Japanese chip maker Renesas Electronics. The year was full of news related to selling off businesses, job cuts, shutting down manufacturing units and so on. In May, it was rumoured that the company will cut about 14,000 jobs; but the actual number of job cuts, announced by the company in July, turned out to be 5,000.

Renesas may cut 14,000 jobs; sell chip plant

Google/Motorola
No. of cuts: 4,076
Ever since Google acquired Motorola for a whopping Rs.68,306.01 crore ($12.5 billion), the search engine giant has been gradually selling Motorola's loss making ventures. Google announced 4,000 job cuts or 20 per cent of the workforce of Motorola Mobility. Motorola also plans to close or consolidate about one-third of its 90 facilities and shrink operations in Asia and India. The company has indefinitely shut down operations at its phone assembly and packaging unit in Chennai, affecting about 76 employees. Motorola Mobility's India-specific website has also been closed.

Motorola to axe 4000 jobs
Motorola to close Chennai assembly facility

Philips
No. of cuts: 2,200
World's largest lighting company Philips Electronics plans to eliminate 2,200 jobs. The cuts are being made in light of tough economic conditions and are designed to address inefficiency in the health-care and lighting divisions.

Philips to cut 2,200 jobs

Texas Instruments
No. of cuts: 1,700
The job-cuts were part of TI's new strategy. Last year, the semiconductor major announced intentions to abandon its struggling mobile chip business; and shift focus away from mobile to embedded markets. "These changes require fewer resources and less investment," said TI. As a result, Texas Instruments decided to lay off about 1,700 employees globally, out of which 500 job losses are expected in India.

Texas Instruments plans to cut 1,700 jobs
Texas Instruments cutting 500 jobs in India

ST-Ericsson
No. of cuts: 1,700
ST-Ericsson, the loss making mobile chip joint venture between STMicroelectronics and Ericsson, announced guidelines of a new strategic direction. As a part of restructuring, the company plans to cut 1,700 jobs worldwide as well as announced its plans to transfer its stand-alone application processor activities to STMicroelectronics.

ST-Ericsson transfers R&D unit to ST, cuts 1700 jobs

AMD
No. of cuts: 1,700
With PC industry going through a tough phase, Advanced Micro Devices Inc. was bound to announce cost-cutting measures in order to remain competitive. As expected, AMD planned 1,700 layoffs globally and even sketched out a plan that would see AMD targeting embedded markets such as communications, industrial and gaming. In addition, AMD also shut down its Germany-based Operating System Research Centre (OSRC) and most of its 25 Linux kernel developers were even handed pink slips.

AMD laying off 15% of workforce
AMD shuts down Linux lab


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