Archive for May, 2017

Widespread layoffs expected at LeEco’s San Jose operations

LeEco, the beleaguered Chinese tech company that once had ambitious plans to expand in Silicon Valley, could lay off hundreds of people at its San Jose offices Tuesday, according to CNBC. The company has about 500 employees in the United States, mostly at …

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Healthcare union ad protests ongoing state layoffs

The state’s largest healthcare workers’ union launched a new online ad Monday to protest the latest layoffs ordered by Gov. Dannel P. Malloy. The governor, who warned unions recently that he might have to order as many as 4,200 layoffs if concessions …

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Cathay Pacific Announces Layoffs in Hong Kong Following First Financial Loss in Eight Years

Hong Kong’s largest airline, Cathay Pacific, has announced the elimination of 600 jobs at the company in an effort to battle strong competition in the region and its first financial loss in eight years. While 600 people may be only a fraction of the …

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LeEco employees are being called to a Tuesday meeting, and massive layoffs are expected

LeEco is laying off a large chunk of its workforce. LeEco sells smartphones and TVs in the U.S. LeEco’s CEO stepped down earlier this week. LeEco, a Chinese company that made a big splash in the U.S. last fall, is preparing for a round of layoffs that may …

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‘Extra’ Co-Host Tracey Edmonds to Exit Amid Widespread Layoffs

“Extra” co-host Tracey Edmonds is exiting the show amid widespread layoffs at the syndicated newsmagazine, an individual close to the show told TheWrap. The show also has been renewed for two more seasons, taking it through 2019, the individual said.

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Indian IT and the lightning bolt of layoffs

I spent Thursday, 18 May, in a series of meetings with investors and fund houses in Mumbai. I find myself doing this at least once a quarter, usually at the behest of an analyst or broking firm that is eager to give its clientele an independent observer …

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