restructuring - News, Features, and Slideshows

News

• Cisco's 4000 job cuts won't touch new acquisition, Sourcefire

  Cisco Systems may be "rebalancing" its business by eliminating 4000 jobs, or about 5 per cent of its workforce, but it'll keep its hands off its hot new security acquisition, Sourcefire.

• Cisco to slash 4000 jobs in bid to move faster

  Cisco Systems has announced it will eliminate about 4000 jobs, saying it needs to pare down middle management to speed up decision-making and execution.

• Cisco posts revenue, profit gains, continues push beyond networks

  Cisco Systems revenue and profit increased in the company's fourth quarter compared to a year earlier as the company continued its push to transcend its networking roots and become the world's top IT company.

• Zynga flattens management structure, three execs will leave

  Three top executives of struggling Zynga will move out of the company, as the games developer aims to flatten its management structure.

• Nokia buys out, renames Nokia Siemens Networks

  Nokia finished its buyout of Nokia Siemens Networks on Wednesday and renamed the company Nokia Solutions and Networks, or NSN.

• HP allays fears around PC business uncertainty

  Business continues as usual for Hewlett-Packard's PC unit, which will continue to support and sell products as the company explores options to spin off or sell the Personal Systems Group, HP said on Monday.

• Google's CEO switch could be a risky move

  Google's decision to change CEOs, announced on the same day it reported yet another blockbuster quarter, begs the question of whether the company is trying to fix something that isn't broken.

• Telecom GM technology operations resigns

  Bradley de Souza has left Telecom New Zealand as its general manager technology operations.
  De Souza’s role was disestablished as part of the ongoing downsizing of staff at the telco, which included the removal of a layer of general managers.

• High profile CIO exits after restructure

  Long-time Coles Group chief information officer Peter Mahler has resigned as Wesfarmers moves to break up the Coles IT operation into smaller parts following its $18 billion takeover of the retailer.
  Mr Mahler had held the role, one of Australia's highest profile corporate technology positions, for the past six years, joining the retail giant from Brussels-based Belgacom Telecommunications.