Dawn Kawamoto writes: If you are lucky enough to land the cool $1.5 billion in the Powerball drawing tonight, you could afford to snap up companies like Box, Etsy, RealNetworks and a horde of others. Some may say, however, that could be like chasing good money after bad.
Dawn Kawamoto writes: Within days of closing its deal to acquire LTE-related assets from Renesas Electronics, Broadcom is now taking the hatchet to its own internal LTE and modem design team members by doling out pink slips. Although several hundred Broadcom workers in the U.S. and overseas are getting layoff notices, the figure could go substantially higher because the company expects to cut roughly $45 million in operating expenses relating to the deal between now and the next 12 months. Although the company isn't commenting on the layoffs because they are in a quiet period with the earnings around the corner, it may be worth tuning into their third quarter earnings call on Oct. 22.
Dawn Kawamoto writes: Alcatel-Lucent is planning to cut 10,000 workers by 2015. The telecom equipment maker's newly minted CEO calls this restructuring part of his Shift Plan. The employees who are getting axed, however, may think it's a typo and he should have dropped the "f" from Shift. Under this plan, Alcatel-Lucent wants to save 1 billion Euros in costs and refocus its operations on next-gen IP networking, cloud and ultra-broadband access and away from legacy technologies like its 2G and 3G wireless. In the meantime, Wall Street thinks it may be cleaning itself up for a sale of some of its assets or its operations to Nokia, which will need to bolster its telecom equipment business after selling its smartphone operations to Microsoft. But Nokia-Microsoft deal may be too little, too late.
Dawn Kawamoto writes: Lockheed employees are the latest casualty in the government shutdown, with the defense contractor announcing Friday it plans to furlough 3,000 workers on Monday. But what they didn't mention is they are also laying off workers too, says a Lockheed source on the hush-hush. Lockheed, of course, isn't the only defense contractor taking it on the chin. Other contractors includeUnited Technologies, which has furloughed 2,000, and BAE Systems which cut 1,000. Wonder when layoff city will stop? Ask your Congressional representative.
Dawn Kawamoto writes: Buying a spam list to blast every employer with your resume is a "bad idea." But what's even more amazing is when it actually works. A handler with security researcher Sans Internet Storm found such a resume in his email box and fired off a note to the sender it's not the way to get hired. The dude replied he thought it was "creative" and apparently landed a job four weeks later. Career experts say don't go there with that technique, since it doesn't pay off. But apparently for this guy, it was like hitting the jackpot.
Dawn Kawamoto writes: Sometimes, making more money is not enough. Just ask Salesforce.com. The SaaS company announced it would cut 200 jobs, during its second quarter earnings call. The cuts are coming, despite the company raising its revenue forecast for its fiscal year. Salesforce.com says it's initiating the cuts to reduce overlapping roles and gain synergies, following its effort to meld its cloud marketing platform company ExactTarget with its social media market suite Marketing Cloud. And apparently this isn't the first time Salesforce has tried to squeeze out synergies. It reportedly cut 100 jobs in October, when it merged its social media platform companies Radian6 and Buddy Media. Do you know how to say "synergy"?
Dawn Kawamoto writes: Want to become more efficient? Try lopping off 250 workers.That's what BlackBerry did this week — saying it was a move to become more efficient and appropriately scale. Huh?!? Layoffs are not synonymous with efficiency and scale usually means to grow — not shrink. Do you think it's a case of corporate speak? Wouldn't it be refreshing to hear a company just say: "Our finances are in the toilet. We need to cut jobs to save money." Sometimes, however, cutting workers ends up costing you more