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Prudential May Axe 520 IT Jobs
News PruTech, the business unit of Prudential that delivers its IT services, may axe up to 520 jobs as Prudential looks to cut costs of £80m in its life and pensions business — specifically in back-office administration.
[March 19, 2007, 16:25]
News Burst: QXL To Axe 100 Staff After Raising £30m
News Online auction firm QXL (quote: QXL) confirmed Thursday that it has successfully completed a £30m round of funding, but admitted that it will axe a quarter of its staff by the middle of next year. The financing secured by investment bank Credit...
[December 1, 2000, 12:15]
Thousands Of BT Anytime Users Face The Axe
News BT is poised to axe over 1,000 subscribers to its Anytime Internet access service, and offer 30,000 others a month's subscription if they'll quit. The company is sending out a letter this week explaining that it is taking action against users who...
[October 15, 2001, 18:14]
Ofcom Keeps Axe Hovering Over BT
Talkback It would be better if the government shut Ofcom and all these quangos down and took BT back under government control instead of allowing all these ISPs (who usually last about 6 months) to chip away at BT assets
[March 7, 2005, 18:06]
HP: Waiting For The Axe To Fall
Talkback What if HP were split into four companies? A printing and imaging specialist, a consulting service provider, a vendor of server system with utility computing service, and a company of PC and digital home appliances.
[May 23, 2005, 19:08]
Informix Sets Date For 'staff Axe Rumour' Meeting
News Beleaguered database giant Informix refused to be drawn today on speculation that it is about to cut its worldwide workforce by half. The company has said it will make announcements next week after a meeting to discuss financial results takes place...
[November 12, 1997, 12:46]
EMC To Axe 1,350 Jobs
News EMC, which sells higher-end storage systems and the software used to manage them, warned that weak information technology spending has meant it needs to accelerate cost-cutting efforts. The company has been the target of IBM, Hewlett-Packard, Sun...
[October 4, 2002, 9:28]
Digital Broadens Desktop Range Despite Compaq Axe Threat
News Digital says that the move is a continuation of existing development plans rather than a response to the forthcoming merger with Compaq. The new range, called PC 3500, features Pentium II chips at 233, 266 and 300MHz, and some network management...
[February 18, 1998, 15:21]
Senior IT Staff 'fear The Axe'
News Many British employees are very sceptical about their future with a third expecting the UK to head into recession. One in five of the entire workforce feel at risk of redundancy. In the last 12 months, 39 percent have experienced redundancy...
[October 21, 2002, 16:39]
US Report: Compaq Drops Axe On Digital
News As part of its integration plans with Compaq, Digital will lay off about 15,000 employees. A source close to the situation said the massive layoffs will occur relatively quickly rather than be spread out over a period of months.
[May 7, 1998, 9:03]
2,000 Face Axe In Orange-Wanadoo Merger
News Up to 2,000 Orange UK workers could lose their jobs in a major shake-up announced yesterday by parent company France Telecom. As part of what France Telecom calls its NExT (New Experience in Telecoms) strategy, Orange UK is becoming a mobile and...
[May 5, 2006, 17:35]
Seagate To Axe 6,000 Maxtor Workers
News Thousands of Maxtor employees face redundancy following the company's takeover by storage giant Seagate. Seagate announced on Monday that it had completed the $1.9bn (£1bn) takeover of Maxtor, following clearance from shareholders and regulators.
[May 23, 2006, 14:45]
Sky To Axe .tv Tech News Channel
News Sky TV is to close down its .tv technology channel, the latest sign of the dot-com deflation. According to independent sources, the channel, which was the UK's only television channel devoted to the rapidly changing world of technology and new...
[June 22, 2001, 17:30]
Oracle To Axe Thousands Of Staff
News Oracle outlined its integration plans for Siebel on Thursday, with 2,000 job cuts among the most notable tasks at hand. Oracle, which closed its $5.85bn (£3.36bn) merger with Siebel last week, plans to cut 2,000 jobs across the Siebel and Oracle...
[February 10, 2006, 8:30]
News Burst: AltaVista To Axe Staff
News Struggling Web portal AltaVista will announce the lay off of an undisclosed number of employees Friday, in attempt to revive its pioneer search engine. The layoffs will mark the second round of staff cuts for the company in five months; an...
[September 15, 2000, 9:01]
Axe Falls On AMD Low-end Processors
News AMD is to stop producing its K6-2 processors next summer, in a move that some are calling a "major blow" to the embedded market. The company also plans to stop production of its 486 and 586 processors which, like the bulk of the K6-2s now produced...
[August 14, 2001, 17:20]
Axe Wielded At Marconi
News Marconi is to cut 800 jobs in the UK after failing to land any of the contracts for the £10bn upgrade of BT's infrastructure last month. BT will replace its circuit-switched networks with a single IP-based network as part of the 21st Century...
[May 6, 2005, 16:00]
HP: Waiting For The Axe To Fall
Leader Another week, another IT stalwart plans a swathe of job cuts. Following hot on the heels of the 13,000 estimated losses announced by IBM, HP seems poised to chop its headcount by around 10,000 to 15,000 workers, according to reports out on Monday.
[May 23, 2005, 14:05]
Ofcom Keeps Axe Hovering Over BT
News Communications regulator Ofcom is still weighing up whether BT ought to be split. Appearing at parliament on Tuesday, Ofcom revealed it is still digesting BT's offer to change the way it is structured and governed in return for not being broken up.
[March 2, 2005, 11:55]
Budget 2002: Disappointment As Chancellor Fails To Axe IR35
News Campaigners have reacted with disappointment to Wednesday's Budget after the chancellor, Gordon Brown, failed to repeal the controversial IR35 tax. Both the Federation of Small Businesses (FSB) and the Professional Contractors Group (PCG) have...
[April 17, 2002, 17:28]
