O'Brien: Beware the hype around mergers - San Jose Mercury News

... when the companies hit a rough patch or their growth stalls. Inevitably, they turn to one of two strategies: They fire a lot of people, or they buy another company.

Or, in the case of really adventurous companies like Electronic Arts, they do both. (See also: Hewlett-Packard.) EA said this week it was whacking 1,500 employees and acquiring social-gaming startup Playfish in a $275 million deal.

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Posted 4 months ago

Applied Materials to Cut 1,300 to 1,500 Jobs - NYTimes.com

Applied Materials is laying off 1,300 to 1,500 people over the next year and a half to cut costs as the company grapples with a downturn in business.

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Posted 4 months ago