It's official. Hewlett-Packard will cut 27,000 employees as part of its long-term restructuring plan, the company said when it announced quarterly financial results.

The last time Hewlett-Packard Co. announced a layoff of 25,000 people, it was on the same day that Lehman Brothers collapsed and the stock market nose-dived. That was in September 2008.

Yahoo plans to cut about 50 properties and refocus on its core business, CEO Scott Thompson said in an earnings call on Tuesday.

Quicken Loans and two affiliated Detroit venture capital firms have issued a call for the roughly 2,000 Yahoo employees who received pink slips last week to move to the Motor City to bolster the blighted city's efforts at revitalization.

Sony will cut 10,000 jobs globally, or about 6 per cent of its workforce, this year as part of a restructuring plan under its new president, according to Japan's largest business paper.

It's been more than three years since HP acquired IT services provider EDS, and the long-term direction of its bigger - if not better - outsourcing business is no more clear than it was on the day the deal closed.

Help! My staff is stressed about job security, so work conflicts are intensified. How can I handle this?

Retaining strategically important IT staff in a recession can provide an organisation with competitive advantage. Outsourcing selectively now is a good option, but retaining in house project management skills is the key for IT leaders when the economic climate improves.

A senior corporate executive leaves the company, taking with him his framed family photographs, his prized gold pen-and-pencil set -- and the passwords of several hundred employees.

How CIOs and their C-level peers need to work with the boss in reducing head count.