Confirmed: Layoffs at Palm Inc Today
updated PalmInfocenter has heard from reliable source that Palm is announcing layoffs today. Unconfirmed reports indicate that Palm has already begun to notify employees and a possible announcement may come sometime later this week.
Palm currently employs around 1,247 people. While we don't have an official confirmation at this time, a few ex-emplyees have come forward with claims that the layoffs are worldwide and could number in the hundreds. The company had their last round of layoffs back in June, with reports indicating around 100 people were let go.
This latest round of job cuts comes after Palm issued a loss warning last week due to a projected revenue shortfall. Palm reports its full results for the current financial quarter on Dec 18th. A conference call with investors will follow.
Update:
An article on CNET cites an unnamed Palm representative who confirms our report. One tipster who initially alerted us to the layoffs claims as many as 500 employees worldwide could be let go. (We've been unable to verify the exact number of people affected, however we do have confirmation that our initial report of "hundreds" is indeed accurate.)
Update 2:
Palm has issued the following statement to PalmInfocenter:
Palm is working to sharpen its focus and better align resources behind core initiatives that will make the greatest impact to our business. To this end, and to ensure that our expenses are in line with projected revenues, we have made some reassignments and reductions in staff. This will better enable us to compete most effectively and ensure our long-term success.
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RE: Not quite factual
RE: Not quite factual
Someone at the CC coming up in a week (18th) will probably ask the "Headcount?" question - let's see if PALM answers it.
And let's see if the question is asked RIGHT this time, too, e.g.:
== "We know that a number of people have and will be laid off
== from PALM. What is the current headcount and how much do you
== expect that headcount to decline further through the end of
== the year?"
and, when Colligan obfuscates the answer to the second part by saying something like:
== "Well, we can't predict the future"
follows up with the question:
== "Then all layoffs you expected have already taken place?"
and when Colligan says:
== "No, not yet"
follows up with:
== "Okay, then how many layoffs that were expected have yet to take place!?"
Giggle.
Sounds good to me, time to trim the fat!
Tungsten T --> Palm TX --> Foleo-mini??(like an LD-II with a small attached keyboard??)
RE: Sounds good to me, time to trim the fat!
Seriously though, one hopes the stock-market driven cutbacks does not make Palm even less competitive, and lead to even further "certification delays". Its pretty ominous that, in December, besides the 800w and GSM Centro, we know little else of Palm's 2008 line-up. Will there even be a 750w replacement? Which other phone company leaves a phone on the market for 2 whole years these days. Yet thats exactly what Palm did with the 700 w/wx, antenna and all.
Palm must be in shambles internally and morale pretty low.
RE: Sounds good to me, time to trim the fat!
Goddammit. They came back?!!?
RE: Sounds good to me, time to trim the fat!
we're talking about lives and jobs. it's Christmas time, people have families to feed. have some compassion.
RE: Sounds good to me, time to trim the fat!
Obviously someone has hacked Scrooge Gekko's account.
RE: Sounds good to me, time to trim the fat!
``Are there no prisons?'' asked Scrooge.
``Plenty of prisons,'' said the gentleman, laying down the pen again.
``And the Union workhouses?'' demanded Scrooge. ``Are they still in operation?''
``They are. Still,'' returned the gentleman, `` I wish I could say they were not.''
``The Treadmill and the Poor Law are in full vigour, then?'' said Scrooge.
``Both very busy, sir.''
``Oh! I was afraid, from what you said at first, that something had occurred to stop them in their useful course,'' said Scrooge. ``I'm very glad to hear it.''
And:
``I wish to be left alone,'' said Scrooge. ``Since you ask me what I wish, gentlemen, that is my answer. I don't make merry myself at Christmas and I can't afford to make idle people merry. I help to support the establishments I have mentioned: they cost enough: and those who are badly off must go there.''
``Many can't go there; and many would rather die.''
``If they would rather die,'' said Scrooge, ``they had better do it, and decrease the surplus population. Besides -- excuse me -- I don't know that.''
``But you might know it,'' observed the gentleman.
``It's not my business,'' Scrooge returned. ``It's enough for a man to understand his own business, and not to interfere with other people's. Mine occupies me constantly. Good afternoon, gentlemen!''
RE: Sounds good to me, time to trim the fat!
http://news.bbc.co.uk/1/hi/business/7142073.stm
I wonder who ghostwrote it? (If everyone says *he* wrote it, then it's an ever bigger embarrassment than it is...)
The Commodore collapse comparison becomes even more true.
Notice that the main cancerous tumor in the company, Ed PDA-Killer Colligan, is still firmly in placed.
RE: The Commodore collapse comparison becomes even more true.
Hey, Elevation Partners!
If you guys think the Centro should redeem Colligan, I hope to hell you not only lose every cent you dumped into Palm, but have your asses personally bankrupted by shareholder class action lawsuits and government investigations til you rot!
The FIRST announcement of layoffs should BEGIN with ED COLLIGAN.
RE: Hey, Elevation Partners!
Ed is marketing. Which means he's just a moron who lucked into a position.
RE: Hey, Elevation Partners!
That's doing a disservice to Nagel!!! :)
You know the CEO sucks when the form factor decisions for Palm devices were being made by someone in the ACCOUNTING department!!!!
Officially Confirmed by Palm
-----
"Palm lays off employees, more restructuring
A Palm representative confirmed rumors that the troubled maker of the Treo smartphone is laying off people again. Here's the statement from the Sunnyvale company.
" Palm is working to sharpen its focus and better align resources behind core initiatives that will make the greatest impact to our business. To this end, and to ensure that our expenses are in line with projected revenues, we have made some reassignments and reductions in staff. This will better enable us to compete most effectively and ensure our long-term success.
"
There is no sense of how many people are being moved around and laid off. Palminfocenter.com reported this evening that Palm employees told them the layoffs are worldwide and could number in the hundreds. That would be significant for a company with about 1,250 employees. The last layoffs took place this summer.
It's clear that even with the injection of investment from Elevation Partners and the launch of the Palm Centro this fall, Palm is still in trying to right its ship. The company earlier this week said revenue would come in $30 million below earlier forecasts due to delays of a new product.
-----
RE: Officially Confirmed by Palm
== resources behind core initiatives that will make the greatest
== impact to our business..."
Is PalmOS a core initiative that will make the greatest impact to their business?
RE: Officially Confirmed by Palm
"To this end, and to ensure that our expenses are in line with projected revenues, we have made some reassignments and reductions in staff."
This is the bad part. Its basically saying "It seems we will be making less money from here on out, and we therefore had to reduce out expenses". This does NOT imply the loss this quarter was a one-off due to a missed product launch, but rather an ongoing issue which will affect them for possibly years to come.
RE: Officially Confirmed by Palm
> to their business?
To take that thought further...
Is Linux internals a core initiative that will make the greatest impact to their business?
Or have they adopted Android?
RE: Officially Confirmed by Palm
We can't EARN a profit so we must hang onto the money we have by getting rid of these goddam people in the halls and cubicles who are subtracting from the FAT UNEARNED BONUSES we intend to pay ourselves.
ED COLLIGAN: RESIGN! Have some balls!
RE: Officially Confirmed by Palm
If they did, someone call the authorities. That would be a clear case of child abuse!
RE: Officially Confirmed by Palm
I also wouldn't be surprised to see a 2nd generation Treo 500 (550w?) release later on in the year with the addition of a US-friednly quad band radio and a mute/ring switch. It could be marketed as Palm's Q-competitor (basically, a CDMA WM equivalent of the Centro).
Pilot 1000-->Pilot 5000-->PalmPilot Pro-->IIIe-->Vx-->m505-->T|T-->T|T2-->T|C-->T|T3-->T|T5-->TX-->Treo 700P
RE: Paging Ben Combee
However, ever since wearing them regularly for use with computers, etc, I've found myself very consistently making dyslexic-type typos - fats/fast, indeed.
RE: Paging Ben Combee
RE: Paging Ben Combee
>>>However, ever since wearing them regularly for use with computers, etc, I've found myself very consistently making dyslexic-type typos - fats/fast, indeed.
I need reading glasses for books and paper. Not for the screen. Letters drop or get garbled in transmission from brain to fingers. They'll name this syndrome after me. After all, am I not its greatest practitioner?
>>>Sorry, still at Palm, still working hard on the next gen stuff. And I do blog, just not about secret stuff :)
Well, Ben, glad to see you've still got a job. Hey, with so many empty cubicles over there now, is the carpeting thick enough to stifle echoes?
RE: Paging Ben Combee
My bifocal glasses are set to have the top part focus at stiff-arm's length and the bottom part at bent-arm's length. I don't wear them (nor need any) for anything further away than a few feet.
RE: Paging Ben Combee
RE: Paging Ben Combee
No, Spousie's insurance did, I think.
I think I paid for the special coating, though, which turned out to be a mistake since it makes them hard to clean.
RE: Paging Ben Combee
Nah, ya don't get that from glasses anymore.
Now you get that from hanging Christmas lights.
-- http://cnn.com/2007/HEALTH/12/10/christmas.lights/index.html?iref=newssearch
RE: Paging Ben Combee
Oh, so YOU are the reason insurance is so expensive! That's it, just think of yourself.
You could've spent a buck!
So to review here at PIC:
We have one guy with fat bratwurst fingers
We have another guy whose eyes have gold irises...
(ROTFLMAO!)
RE: Paging Ben Combee
Ed must LOVE you for having that ASUS Foolio killer!! Did they ax Marc Blank? I bet that Eddy was seeing his true colors with e-mail slogging along and not meeting deadlines!
RE: Paging Ben Combee
And, if not, why not?
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Not quite factual
> back in June, with reports indicating around 100
> people were let go...
No, this is the last time we were TOLD about layoffs.