Global Cos Plan Large Scale Layoffs, Indians Spared

By PTI, Tuesday, 01 November 2011, 21:42 IST New York: As companies battle the economic slowdown, the employees at large companies in the US and Europe seem to be facing the axe in a major way. More than 1,35,000 job cuts have been announced by just about a dozen multi-national companies in past few months in their efforts to slash costs and those from the financial services space are among the worst hit.

However, the employees in India have largely been spared of these layoffs, although most of these companies have significant presence in the country. Those having announced massive job cuts, running into thousands at each of these companies, include financial service giants like HSBC, Bank of America, Barclays, Credit Suisse and Lloyds Banking Group, as also consumer goods majors such as Whirlpool and Royal Philips Electronics. Besides, mobile handset giant Nokia, BlackBerry maker Research In Motion, drugmaker Merck & Co, aircraft and defense giant Boeing and networking technology major Cisco have also announced largescale job cuts in their operations. Together, these companies have announced job cuts totalling more than 1,35,000 in their operations across the world, but the impact on India is estimated to be for less than 1,000 employees. Individually, home appliance maker Whirlpool last week said it plans to reduce its workforce by more than 5,000 people in North America as part of its efforts to save annually USD 400 million by the end of 2013. Consumer electronics giant Royal Philips Electronics, which has reported a slump in third quarter earnings as a result of loss at its TV division, has said it would cut 4,500 jobs globally as part of a cost saving programme. Announcing the job cuts earlier this month, it did not rule out the possibility of this exercise affecting employees in India. Philips, which employed about 1,20,582 people globally at the end of September including about 9,000 in India, said job cuts are part of a plan to save USD 1.1 billion. Earlier in August, UK-based HSBC said it would trim its workforce by 30,000 people globally. Although, it had already cut 5,000 jobs following restructuring of operations in Latin America, the US, Britain, France and the Middle East and that it would cut another 25,000 between now and 2013. However, the bank ruled out job cuts in India, saying the country is a strategic market and one of the key profit centres and that it is in fact finding it difficult to offset the high attrition rates.

10 World's Richest Tech Companies in 2011

By SiliconIndia, Monday, 24 October 2011, 03:57 Hrs

Bangalore: Technology is improving every day by producing new tech gadgets loaded with features. All the Tech Companies thrive hard to achieve success by implementing new ideas and bring new waves by generating excessive income. This makes them one among the richest tech companies in the present world.

Here are 10 Most Richest Tech Companies that have made their way to the list by giving freshness in creating tech products with the available technology. Apple

Apple's iPhone and iPad have pushed the US technology company to top of the list of the richest technology companies as well as the most valuable global brands in 2011. The computer company has made tremendous growth strides since it introduced the first iPhone in 2007. Worth an estimated $348 billion dollars with a $76 billion dollars cash reserve, makes Apple more financially fit than the US Treasury Dept with an estimate $74 billion in cash reserves. The company, which is based in Cupertino, California, has been on a roll with the popularity of its iPad tablet computer and strong sales of the iPhone. Google Google is an American multinational public corporation invested in Internet search, cloud computing, and advertising technologies founded by Larry Page and Sergey Brin. Google hosts and develops a number of Internet based services and products, and generates profit primarily from advertising through its AdWords program.

Google was named as the strongest brand in 2010 and the company has held the number one position for the last four years. This year, Google's value drop by 2 percent to 111.5 billion.

IBM (International Business Machine) International Business Machines is an American multinational technology and consulting firm headquartered in Armonk, New York. IBM manufactures and sells computer hardware and software, and it offers infrastructure, hosting and consulting services in areas ranging from mainframe computers to nanotechnology.

IBM's value increases 17 percent to over a billion this year mostly due to its ThinkPads which have

been claimed as a great deal of the best business laptops. This value helps the company ranks at the third place in the list of the world's richest technology companies. Microsoft Microsoft Corporation is an American public multinational corporation headquartered in Redmond, Washington, USA that develops, manufacture s, licenses, and supports a wide range of products and services predominantly related to computing through its various product divisions. Microsoft's brand is estimated to $78 billion. It is placed as the world's fourth richest technology company. Amazon.com Jeff Bezos founded Amazon.com, in 1994 and the site went online in 1995. The name Amazon.com was chosen because the Amazon River is one of the largest rivers in the world and so the name suggests large size. Amazon.com started as an online bookstore, but soon diversified, selling DVDs, CDs, MP3 downloads, computer software, video games, electronics, apparel, furniture, food, and toys.

Amazon is now the leading retail brand in the world. The value of the world's fifth richest technology company increases 37 percent in comparison to last year and is estimated at billion. HPHP is a technology company that operates in more than 170 countries around the world. HewlettPackard or simple called HP is named as the world's sixth richest technology company. Generated revenue of $3.7 billion, up 12%, accounting for 12% of total HP revenue. RIM The value of the world's seventh richest technology company RIM is down 20 percent this year compared to 2010. RIM's listed shares were down 20 percen t to $23.58, after touching a low of $22.52 earlier. The sell-off, which wiped out $3 billion of RIM's market capitalization, underscored how bad times have become for the one-time Smartphone leader. Facebook Facebook is claimed as the world's eighth richest technology company this year. Facebook is now number one in display advertising, which is a $2 billion business for them. Facebook is the enabler of social games, which is now a multibillion dollar industry, and takes a cut through advertising and credits. Intel An exploding market for microprocessors used in cloud computing servers led to a 162% jump in Intel's earnings though the company was late to get into tablets. In addition, its chips strengthen many of the games and tasks used on tablets. With the company's value of over $13 billion, it holds ninth position in the list of the world's richest technology companies in 2011 belongs to Intel. Samsung Samsung Electronics Co. Ltd., a leading mobile phone provider was mentioned as the world's tenth richest technology company in 2011. It announced revenues of 39.44 trillion on a consolidated basis for the second quarter ended June 30, 2011, a 4 percent increase year on year.

For the quarter, the company posted consolidated net income of 3.51 trillion, representing an 18 percent decrease year on year. Consolidated operating profit for the quarter was 3.75 trillion won.

Pages in category "Multinational companies headquartered in India"

The following 11 pages are in this category, out of 11 total. This list may not reflect recent changes (learn more).

A
Asian Paints

E
Essel Propack

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Ranbaxy

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Bharat Forge Bharti Airtel

H S
Hindalco Industries

Laboratories

I T
Infosys

Suzlon Energy

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Dr. Reddy's

Laboratories

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Oil and Natural Gas

Team Computers

Corporation

Category:Multinational companies headquartered in

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C
P) [+] Caldera (2 C, 13

I cont.
[+] Intel Corporation (5

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[+] Novell (2 C, 13 P)

C, 47 P)

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[+] Oracle

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[+] Digital

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[+] Johnson & Johnson (3 Corporation (4 C, 22 P)

Research (5 C, 10 P)

C, 56 P)

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[+] PepsiCo (5 C, 19 P,

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[+] Hewlett-Packard

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[+] Microsoft (25 C, 20 P) 1 F)

(3 C, 56 P)

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[+] News Corporation (3

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[+] IBM (8 C, 46 P) C, 28 P, 1 F)

Pages in category "Multinational companies headquartered in the United States"

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3M

C cont.
The Coca-Cola Company ConocoPhillips

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Kronos

7 D
7-Eleven

Incorporated

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Darden Restaurants Dell DuPont Mars, Incorporated MasterCard McLane Company Microsoft

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Amazon.com American Express American International

E N
EBay ExxonMobil

Group Apple Inc. AT&T Autonomy Corporation

News Corporation

F
Fidelity Investments

O
Qi hardware Oracle Corporation

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Bank of America Berkshire Hathaway BlackRock Boeing Brinker International

G P
GlobalEnglish Goldman Sachs

PepsiCo User:Persuses/Lun

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Hewlett-Packard

exa Pfizer

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Caterpillar Inc. User:Cbroomhead/Intr

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IBM Intel User:Itchymole/System76

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Sysco

ansa Chevron Corporation Cisco Systems Citigroup

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Visa Inc.

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User:JimmyRattle/Zeebo Inc. JN-International Medical

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