There isn’t a day that passes that CE companies don’t announce layoffs. NEC’s expected cuts are some of the largest yet though with plans to eliminate 20,000 employees. That would result in the company firing nearly 7% of its worldwide work force just to “convert to a more muscular profit structure.” The overall goal is to return the company to a more profitable state – or something PR-ish like that. After all these cuts are done, is anyone going to be employed?

Original post:
NEC cutting 20k employees, 20,000