AMD's layoff news comes just a week after Lisa Su took over as CEO.

The action will be much bigger than the 5,800 job cuts announced in 2009, The New York Times said.

The BlackBerry maker also posted a quarterly loss of $518 million and announced 5,000 job cuts.

RIM says it expects to log an operating loss for the current quarter amid competitive pressures.

Yahoo will begin notifying workers today of 'next steps' in the company.

Affected departments would hint at where CEO Scott Thompson hopes to take the struggling company.

HP has started laying off workers associated with last year's billion-dollar acquisition of Palm, as it closes down the mobile device business it planned to base on Palm's webOS. The news comes almost exactly a month after HP announced a sweeping reorganization and refocusing of its business.

Perhaps the best thing that will be said about 2010 and IT hiring is that large layoffs have tapered off and the overall trend seems to favor hiring.

The move comes after not enough employees participated in a program to walk away voluntarily in December.

Amid reports that it is moving thousands of jobs from the US to India, IBM said Thursday it is notifying employees that some jobs are being eliminated.

After a bungled buyout offer from Microsoft, a deal with Google that fell apart and two rounds of layoffs, Jerry Yang is calling it quits and stepping aside as chief executive of the company he cofounded, Yahoo said Monday.

Advanced Micro Devices on Monday said it plans to lay off 10 percent of its work force by the third quarter of 2008 in an effort to cut costs.

Still reeling from the effects of a corporate reorganization that included heavy layoffs, Intel Corp. reported a profit of US$1.5 billion for the fourth quarter, down 39 percent compared to that period last year.

Continuing his quest to stop a slide in profits, Intel Corp. Chief Executive Paul Otellini announced layoffs of about 7,500 more people Tuesday.

The integration of Siebel Systems Inc. into Oracle Corp. will result in a reduction of 2,000 in the total workforce of the combined companies, but a majority of the layoffs will affect Oracle employees, Oracle said Thursday.