9/6/02
Sonicblue Inc., in its latest corporate shake-up, said
it is laying off 25% of its staff, including executives in charge
of sales and technology, and consolidate most operations into its
Santa Clara, Calif., headquarters. About
100 of Sonicblue's 400 employees are being laid off.
9/5/02
Tellabs will
make another round of job cuts, as big telecommunications carriers
continued to reduce spending on its equipment. It will close a plant
in Ireland. Tellabs will reduce its world-wide work force by about
800 people and close a manufacturing facility in Shannon, Ireland.
Half the job cuts will come from the U.S., and half overseas. The
company currently has about 3,400 workers in the U.S. and 2,100
abroad.
9/5/02
Oracle laid off 270 consultants in the United Kingdom.
The job cuts make up 8 percent of Oracle's U.K.-based workforce
of 3,100 people, but less than 1 percent of Oracle's overall work
force of 42,000 employees. Oracle cut 200 jobs earlier this year.
An Oracle representative said the company will try to rehire the
workers who were laid off earlier this week in other positions that
remain unfilled.
9/4/02
Debt-choked cable group Telewest Communications
said it would cut more jobs and slash more spending over the next
year as part of a massive financial and operational restructuring.
9/4/02
A judge rules that Madster,
formerly known as Aimster, violates copyright law like former file-swapping
site Napster and must be shut down.
9/4/02
With a court
ruling appearing to seal Napster's fate, the company slapped
up a new home page with the message "Naspter Was Here." The death
page is something of a tradition on the Internet when sites fail.
9/4/02
Connecticut
has settled a lawsuit it brought against closely held Walker
Digital, securing $275,000 for 106 former employees who were
laid off from their jobs without proper advance notice.
9/3/02
Napster's
sale to Bertelsmann was blocked by a bankruptcy judge, casting
doubt on the survival of the Internet music service, which laid
off nearly all of its remaining employees.
9/3/02
Consolidated
Freightways Corp., a 73-year-old trucking company, said Monday
it was filing for Chapter 11 bankruptcy protection and laying off
as many as 15,500 people around the country.
9/3/02
Adelphia Communications Corp. is seeking
permission to wind down 14 of its 17 competitive local-exchange
carriers and to sell nearly all the related assets, according to
a bankruptcy-court filing. The company will dismiss about 125 employees
as part of the CLEC wind-down.