Expecting to save between $90 - $100 million per year as a result of job cuts, Citrix has just announced through their restructuring plan that 900 of their employees will be cut in the near future.
Including a total of 700 full-time and 200 contractor positions, Citrix investors are reportedly positive about this decision. As a result, the companies stock has risen as high as $63.27 per share, seeing a 7 percent rise in just 24 hours.
Charles King, principal analyst from Punt-IT has commented that he thinks "Citrix's plans qualify as what might be called defensive layoffs," further explaining that their results beat analyst expectations, "but only barely."
These defensive cuts are reportedly due to recent economic trends that include lower oil prices and a strengthening dollar - seeing numerous vendors make "cautionary statements about business performance, particularly for the latter half of the year," as according to PC World and King.
A little over fifteen years ago Apple was on the verge of bankruptcy. In a final convulsion, the company decided to bring back its exiled founder Steve Jobs who, as we all know, went on to revolutionise the company to the powerhouse it is today. Still, not many industry analysts called today's profit result for the company, which has just broken the record for the largest quarterly profit in history.
According to the release from the company, up until the quarter ending quarter ending December 27 2014, Apple earned $74.6 billion in gross revenue and recorded quarterly net profit of $18 billion, primarily off the back of strong strong sales of iPhone and Mac products leading into the Christmas period.
To put the revenue result in context, this is more than Microsoft and Google combined, with the latter making less than what Apple did in this quarter in all of 2014. Apple shares closed last night at just under $110 dollars.
Yesterday was Australia day, often known as 'the day of the drunk bogan' but also a time to celebrate and reflect on everything that is Australia. 'The Land Down Under's' Prime Minister Tony Abbott celebrated this occasion by awarding Prince Philip with an Australian Knighthood, seeing major backlash among global social media.
Mr. Abbott dismissed the haters, labeling social media as "electronic graffiti," disregarding members of the public and their opinions as slander.
When addressing the issue at a press conference, Mr. Abbott dismissed the online opinions and scolded the media for publishing them by stating "I'll leave social media to its own devices. Social media is kind of like electronic graffiti and I think that in the media, you make a big mistake to pay too much attention to social media. You wouldn't report what's sprayed up on the walls of buildings."
TAFE SA have teamed up with a technology company from Adelaide, South Australia, to develop and revolutionize the way 'tradies' are trained down under.
ETRAIN interactive has developed a 3D training simulation software, matching the courses offered through your general education platforms - spanning popular trades such as construction, carpentry, plumbing and minerals drilling.
ETRAIN's founder and managing director, Mathew Balic, has explained that these simulations are ideal for visual learning for students of which struggle with open-book style projects and learning activities - allowing them to easily visualize the task at hand and simulate 'on-the-job training'. He went on the explain that "it's a multi-platform delivery looking to replace textbooks, particularly in trades areas where you get a lot of students with low level literacy and numeracy. Those kids don't engage with traditional book learning, but they do engage with this," furthering "the motivation is there because it's a fun thing to do."
If you're after some weird and wacky objects, they might be a little harder to source in the near future as Xhibit Corp. has filed for bankruptcy - we're not talking about the rapper.
Skymall has blamed exterior sources, stating in their announcement that this shut down is apparently due to "the increased use of electronic devices on planes, fewer people browsed the SkyMall in-flight catalogue. [This] resulted in additional competition from e-commerce retailers and additional competition for the attention of passengers, all of which further negatively impacted SkyMall's catalogue sales."
Down but not out, SkyMall Chief Executive Scott Wiley states that he's "extremely disappointed in this result and are hopeful that SkyMall and the iconic 'SkyMall' brand find a home to continue to operate as SkyMall has for the last 25 years."
The doomsday clock, the metaphoric symbol which represents how close the world is to life-ending catastrophe has been upgraded by two minutes, now resting just three minutes to midnight.
According to CBS News, the Science and Security Board of the Bulletin of Atomic Scientists made the adjustment overnight to reflect concerns about the world's huge stockpile of nuclear weapons and concerns regarding climate change. This is the first adjustment to the clock since 2012, when it was set to 11.55PM.
The latest the Doomsday Clock has ever been set was in 1953, at 11.58PM when the United States announced the first test of the destructive hydrogen bomb. The current time is set at a precarious one minute from that.
With 2400 jobs on the line globally, cuts are said to be happening across multiple positions including the eBay sister company, PayPal. Set to start this quarter, the cuts were revealed in its fourth quarter results which were published today.
These cuts make up for 7 percent of their total workforce, with this move being described by IT News "as a cost-cutting measure ahead of the planned spin-off of its PayPal payments division."
eBay are also allegedly offering up their enterprise unit for potential sale or public offering, claiming this division doesn't fit in with the payment (PayPal) or marketplace (eBay) units.
With morale being apparently "extremely low" among employees, The Australian has reported on the upcoming job cuts involving IBM Australian workers, with their "one person close to IBM, who declined to be identified" further commenting that "workers say anyone could be next and that's the thinking they go into work with everyday."
Without going into specifics, an IBM spokes woman stated that her company "continues to re-balance its workforce to meet the changing requirements of its clients," further mentioning that "we continue to hire for key skills in Australia and around the globe." She went on to comment "IBM's total workforce has remained stable over the past three years, and IBM employs more than 430,000 people worldwide." We're told that IBM has a policy of not divulging local headcount numbers.
Furthering to company woes, IBM is set to go head to head with the Queensland government following an impending botched payroll implementation case.
Leon Panetta previously served as the director of the US Central Intelligence Agency (CIA) and also the country's Secretary of Defense. According to a recent announcement, he's just made the move over to Oracle, joining their board of directors.
Set to be the 12th member on this board, he begun work as of yesterday - marking the beginning of his one-year term, before standing for re-election in November at Oracle's annual shareholder meeting.
Previously listed as the Secretary of Defense under the Barack Obama's leadership throughout 2011 to 2013, Panetta also saw a two-year employment through the CIA following his work as a presidential Professor at the Santa Clara University.
In their latest 8-k filing form, AMD have listed their top executives and some major changes have been noted. Three of the 'top dogs' have missed the grade, seeing John Bryne, GM of Computing and Graphics Business Group; Colette LaForce, Chief Marketing Officer; and Raj Naik, Chief Strategy Officer no longer on the list.
Some are calling this the "biggest corporate shakeup in the ailing company's history," with AMD now no longer having some of their biggest brainpower members listed, with Bryne being one of the most notable - seeing his promotion from Chief Sales Officer to the GM of Computing and Graphics Business Group position just a mere seven months prior.
With the changing of the guard, AMD have announced that "these changes, including the additions of Forrest Norrod and James Clifford to our management team last quarter, collectively are part of implementing an optimal organization design and leadership team to further sharpen our execution and position AMD for growth."