restructuring

T-Mobile USA will restructure its business and hold another round of layoffs, as it seeks to reduce its operating costs.

The changes were announced in a memo from CEO Philipp Humm leaked to The Verge. T-Mobile told CNET that 900 employees would be cut as a result of the changes.

The cuts come on top of 1,000 jobs the carrier said in March it would shed as part of its ongoing restructuring plan. In the note, Humm said the company would contact employees personally about the cuts and changes in responsibilities.

The changes are expected to make T-Mobile a … Read more

Research In Motion could be in for some major shakeups.

The embattled smartphone company has hired law firm Milbank, Tweed, Hadley & McCloy LLP to help it come up with a restructuring plan, according to a Reuters report over the weekend. The report, citing anonymous sources, said RIM is looking for ways to boost the revenue from its BlackBerry 10 operating system, as well considering opening up its proprietary secure network.

RIM has previously done work with Milbank, Reuters reported.

With market share bleeding and growth all but gone, RIM needs some radical changes to even have a chance at … Read more

Hewlett-Packard says it's combining its printer and PC divisions partially because the move will drive "innovation across personal computing and printing."

Oh really?

Color me decidedly skeptical on that claim, which was touted in the company's announcement today. My mental block: What exactly are the touch points between a printer and a PC, and where does the innovation lie?

HP does have printing innovation. Its inkjet technology can be used for drug delivery, for instance. However, unless your PC is delivering doses of pharmaceuticals to you, it's a stretch to see the connection.

Sure, HP … Read more

Hewlett-Packard today made it official: It is merging its PC and printing units in a bid to improve the financial profile of both increasingly commoditized products.

The news, which surfaced yesterday at AllThingsD, means that Vyomesh Joshi, who led the printer unit, is retiring. The combined unit will now report to Todd Bradley.

HP said in a statement that the combination will help the company's go-to-market strategy, branding, supply chain, and customer support.

However, analysts were already questioning the rationale.

For instance, Sterne Agee analyst Shaw Wu said the combination isn't likely to result in much cost savings … Read more

Struggling photography company Eastman Kodak announced this evening that it has filed for Chapter 11 bankruptcy protection.

The company, which hopes to emerge from bankruptcy in 2013, said it has secured $950 million in debtor-in-possession financing from Citigroup that will allow it to keep operating during restructuring. The company has also appointed Dominic DiNapoli, a vice chairman at FTI Consulting, as its chief restructuring officer. The firm has been advising Kodak on its finances since last year.

DiNapoli will have broad powers over the company's finances and operations as it looks for ways to raise funding to keep the … Read more

Sprint Nextel plans to streamline its operations and oust several executives in a move to simplify its business

The company will combine the sales and marketing duties for its business and consumer operations, a Sprint representative confirmed to CNET. The move will lead to departure of four key executives. Reuters earlier reported the news, citing a company memo.

By combining the operations, a Sprint representative said, the company will be better able to address the increasing overlap between consumer and corporate accounts. The merger will likely result in job cuts, although Sprint said it doesn't expect a large number … Read more

Adobe Systems said today it would cut 750 positions and take a $94 million charge as part of a restructuring to focus on digital media and marketing.

Adobe shares fell nearly 9 percent, or $2.67, to $27.75 in after-hours trading as the company also lowered its earnings-per-share target for its fiscal fourth quarter. Based on the restructuring charge, Adobe expects fiscal fourth-quarter GAAP-diluted earnings per share to be in the range 30 cents to 38 cents a share, compared with a previous target of 41 cents to 50 cents a share.

"We expect to report record revenue … Read more

Advanced Micro Devices unveiled a restructuring plan today that will reduce its global workforce by 10 percent, or about 1,400 jobs, by 2012.

The layoffs, which are expected to save the company $200 million, represent the first major action by new CEO Rory Read, who took the helm of the chipmaker in August.

"Reducing our cost structure and focusing our global workforce on key growth opportunities will strengthen AMD's competitiveness and allow us to aggressively pursue a balanced set of strategic activities designed to accelerate future growth," Read said in a statement. "The actions we … Read more

Hewlett-Packard is spending $1 billion and cutting 9,000 jobs in a restructuring designed to consolidate and invigorate its enterprise services.

The company announced Tuesday that it plans to spend the money to invest in a series of commercial data centers that will offer enterprise customers a more integrated platform on which to run their businesses. The initiative will also consolidate HP's data centers, networks, and applications. But as a result of the increased streamlining and automation, HP expects to eliminate around 9,000 jobs, or about 3 percent of its work force, over the next few years. HP … Read more