There might be a lot of money flowing in Silicon Valley right now — four startups announced that they’ve been acquired just today. But for some of the big tech companies, and their employees, times aren’t so good.
Update: Now add Dell to the list of companies makig cuts. On Thursday Dell said it will lay off 8,000 workers over the next year.
Moto has been struggling as it tries to followup its success with the RAZR — and the phone maker isn’t really winning us over with the dull RAZR 2. The WSJ points out that these last two job cuts represent over 10% of the company’s work force as of the end of last year.
At the same time IBM said today that it will cut 1,570 jobs mostly in its technology services unit. That’s the company’s second set of cuts this month. Other large telco companies — Sprint, Alcatel/Lucent, Nortel, Level 3 — have been trimming large sections of staff too.