Archive

Microsoft Will Double India Headcount

Microsoft is launching an effort to add hundreds of new employees at existing facilities in India, a move that could more than double its head-count there. Reports from Indian media say Microsoft is ramping up hiring at the India Development Center (IDC) in Hyderabad and the Global Delivery Center ...

Massive Job Cuts Coming to HP as Part of Restructuring

Less than six months after longtime CEO Carly Fiorina was forced to resign, employees at computer maker Hewlett-Packard are bracing for an even more abrupt change, with analysts saying as many as 25,000 layoffs could be announced when the computer maker unveils a restructuring plan early next week.

Are Government Jobs Going to Foreign Workers?

The federal government's IT force is aging, and this year will see half of those employees retire, reports say. Additionally, the public sector has retained many of its legacy systems at the same time as private-sector industries have walked through fire and burned through considerable funds to upgr...

Outsourcing Guide: When, Where and How

The outsourcing and offshoring of business tasks rarely fails to generate controversy, with horror stories of company veterans training their overseas replacements and major projects that were farmed out only to flame out. However, if done properly, outsourcing -- whether in another state or in anot...

Nortel Tries Again To Turn Corner from Accounting Saga

Battered Nortel Networks said it would lay off 3,500 workers and fire seven executives as part of its latest attempt to move beyond an epic accounting scandal and regain its market prominence. The layoffs, part of a US$400 million restructuring aimed at cutting costs to be more competitive, represen...

BUSINESS BRIEF

Stocks Drop as Consumer Spending Plummets

Consumer spending fell sharply in June as fuel prices continued to put a crimp in discretionary purchases and amid overall concern about the economy, the government reported today. The Commerce Department said consumer spending fell .7 percent in June, the largest single-month drop in three years an...

Oil Leads Consumer Prices Higher in May

Consumer prices surged higher in May, driven mainly by rising fuel and food costs, the government said in a report that is seen as the final piece of evidence needed to justify interest rate hikes. The Consumer Price Index (CPI) rose 0.6 percent last month, the largest one-month jump in retail price...

Report: Most Outsourced Jobs Stay in US

The vast majority of jobs lost to outsourcing stay within the U.S., with a small percentage actually ending up filled by overseas workers, according to a Department of Labor study. The agency's Bureau of Labor Statistics said in a report that just 4,633 of the 239,361 jobs lost in large-scale layoff...

GM To Sink $3 Billion into China Expansion

General Motors will invest US$3 billion to expand operations in China in the next three years, a massive outlay of capital that will enable it to double its output in the country that is home to one of the world's fastest-growing economies. GM, the world's leading automaker, and its partners will in...

Viacom’s Boardroom Shakeup

When Mel Karmazin on Tuesday announced that he had resigned his position as president of Viacom, the media giant responded by appointing Tom Freston and Leslie Moonves as co-presidents and co-chief operating officers, effective immediately. The two new appointees were Viacom's two most influential d...

Cisco Shares Slip Despite Strong Outlook

Powered by a slightly better than expected earnings report and expectations that tech spending will remain strong, Cisco Systems has said it will add 1,000 workers in 2004, in addition to 200 positions it filled during the first quarter. Although it did not provide a specific breakdown, the company ...

IBM Buys India Call-Center Firm for $170M

Taking another step into the outsourcing fray, IBM has agreed to purchase an India-based business processing company that handles back-office support and call centers for several U.S. firms, including Amazon.com. IBM said the 6,000 employees of Daksh eServices will become part of its business consul...

ITAA Report: IT Outsourcing Benefits Economy

More than 100,000 technology jobs have been outsourced from the United States to overseas workers, a trend that will continue for several more years but is actually good for the U.S. economy, a new report from the Information Technology Association of America argues. The ITAA, whose members include ...

IBM Creates Retraining Fund To Blunt Outsourcing Impact

In a move apparently designed to quell fears about widespread outsourcing of U.S.-based tech jobs to other countries, IBM has established a $25 million worker retraining fund. The fund, dubbed the Human Capital Alliance, will be made available to IBM workers whose current positions or skill-sets are...

The Best President for E-Business

Since the last U.S. presidential election, e-business has evolved from dot-com buzzword into thriving industry, and it is difficult to ignore its increasing impact on the world economic scene. As the 2004 presidential campaigns heat up, therefore, it seems logical to question where the leading candi...

LinuxInsider Channels