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NEC will cut 10,000 jobs after forecasting $1.3 billion annual loss, mostly in mobile phone biz Jan 29th 2012, 19:56 After releasing a revised financial forecast for FY 2011 that predicts an annual $1.3 billion loss, its third in the last four years, NEC announced it will cut around 10,000 jobs. Bloomberg Businessweek reports President Nobuhiro Endo announced the cuts, revealing most of the cuts will come from the company's mobile-phone handset business, with 7,000 of them expected to be in Japan. The company reportedly had 115,840 employees as of March so there should be a few folks left around to keep the lights on and maintain ventures like its new JV with NTT Docomo, Panasonic, Samsung and Fujitsu, the NEC Lenovo PC alliance, and its recently announced work on the Hayabusa 2 asteroid explorer. Still, we'll have to wait and see how the cuts affect upcoming cellphones, like any potential successors to its super-slim MEDIAS N-04C seen above. Continue reading NEC will cut 10,000 jobs after forecasting $1.3 billion annual loss, mostly in mobile phone biz NEC will cut 10,000 jobs after forecasting $1.3 billion annual loss, mostly in mobile phone biz originally appeared on Engadget on Sun, 29 Jan 2012 15:56:00 EDT. Please see our terms for use of feeds. Permalink   |  NEC, Bloomberg Businessweek  | Email this | Comments Engadget Mobile Podcast 123 - 01.29.2012 Jan 29th 2012, 19:23 If a BlackBerry falls from the bush in the forest, but there are no bloggers to blog about it, does it make a sound? The Engadget Mobile Podcasters answer this question at length with the help of the one and only CrackBerry Kevin. Hosts: Myriam Joire (tnkgrl), Brad Molen Guests: Kevin Michaluk, Sean Cooper Producer: Trent Wolbe Music: Tycho - Coastal Brake (Ghostly International) 00:04:24 - Editorial: RIM's new CEO isn't the shakeup it needed 01:16:45 - BlackBerry Porsche Design P'9981 review 01:25:35 - Murtazin: 'Nokia Lumia 910 will arrive in May, pack 12MP camera' 01:27:37 - Microsoft paid Nokia $250 million to adopt Windows Phone, Q4 earnings report reveals 01:29:50 - Jon Rubinstein leaves Hewlett-Packard 01:35:37 - Apple announces Q1 earnings, sets quarterly record with $46.33 billion in revenue 01:41:08 - HTC's UK chief wants to ease off the new-product gas, focus on 'amazing hardware' 01:50:55 - LG Spectrum, BlackBerry Curve 9370 available now on Verizon 01:54:58 - Lytro open to partnering with smartphone makers, executive suggests Hear the podcast Subscribe to the podcast [iTunes] Subscribe to the Podcast directly in iTunes [RSS MP3] Add the Engadget Mobile Podcast feed (in MP3) to your RSS aggregator and have the show delivered automatically [RSS AAC] Add the Engadget Mobile Podcast feed (in enhanced AAC) to your RSS aggregator [Zune] Subscribe to the Podcast directly in the Zune Marketplace Download the podcast LISTEN (MP3) LISTEN (AAC) Contact the podcast podcast (at) engadgetmobile (dot) com. Follow us on Twitter @tnkgrl @phonewisdom @engadgetmobile @sean_cooper @crackberrykevin Engadget Mobile Podcast 123 - 01.29.2012 originally appeared on Engadget on Sun, 29 Jan 2012 15:23:00 EDT. Please see our terms for use of feeds. Permalink   |   | Email this | Comments

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