Layoffs

This tag is associated with 1109 posts

Vodafone Spain – To cut up to 1,300 jobs

The Spanish business of London-listed telecoms group Vodafone said on Tuesday it will cut up to 1,300 jobs as it trims its workforce following last year’s acquisition of the county’s largest cable operator Ono. Negotiations with employee representatives over the cuts will start on September 1, it said in a statement. Chosen excerpts by Job … Continue reading

Russia – 110,000 jobs cut in the Ministry of Interior

In a massive austerity move, Russian President Vladimir Putin has removed about 110,000 employees from their jobs in the Ministry of Interior. Last week, the President had signed an agreement to cut the workforce of the ministry to 10 percent, CNN Money reported. The Russian economy contracted by 2.2 percent in the first quarter of the calendar … Continue reading

Quirky – Another round of layoffs to come

Quirky, the New York City startup with the goal of “making invention accessible,” announced to its employees Friday morning that more layoffs could be on the way as it struggles to raise additional capital, the company confirmed to Business Insider.  Company spokesperson Tiffany Markofsky said in an email that Quirky is considering an additional reduction in headcount … Continue reading

Mining – Anglo American and Lonmin to cut 12,000 jobs

Two London-listed mining groups are to slash up to 12,000 jobs as commodity prices slump to levels last seen during the global recession of 2008-09. Platinum producer Lonmin plans to shut or mothball several mine shafts, putting 6,000 South African jobs at risk. Platinum prices have hit a six-and-a-half-year low, while power and labour costs … Continue reading

Barclays – To cut more than 30,000 jobs. Yes or no ?

Barclays Plc plans to cut more than 30,000 jobs within two years after firing Chief Executive Antony Jenkins this month, The Times reported on Sunday. This redundancy program, which could reduce the bank’s global workforce below 100,000 by 2017 end, is considered as the only way to address the bank’s chronic underperformance and double its … Continue reading

Microsoft – To cut 7,800 jobs

Microsoft Corp. plans to cut as many as 7,800 jobs and write down about $7.6 billion on its Nokia phone-handset unit, wiping out nearly the entire value of a business that failed to gain market share since it was acquired last year. The company also will record a restructuring charge of about $750 million to … Continue reading

BBC – To cut hundreds of jobs

Hundreds of jobs are expected to be axed by the BBC as it tries to become “leaner and simpler” at a time when it is facing a £150m-a-year shortfall in funding and growing political pressure from the Conservative government. Tony Hall, the director general, is expected to warn on Thursday that a drop in the … Continue reading

Microsoft – To cut 1200 jobs

Microsoft Corp (MSFT.O) said on Monday it will hand over its display advertising business to AOL Inc and sell some map-generating technology to ride-hailing app company Uber, as it slims down its money-losing online operations. The moves mean Microsoft will focus on its growing search advertising business based on its Bing search engine, and displaying … Continue reading

MAN SE (Volkswagen) – To cut 1,800 jobs

Germany’s MAN SE plans to cut around 1,800 jobs at its main trucks division as the Volkswagen-owned (VOWG_p.DE) company slims operations to lower costs and revive profit, two people familiar with the situation said on Wednesday. The job cuts will affect 1,400 white-collar employees and 400 staff in production, the people said. MAN Truck & … Continue reading

Ericsson – 2,200 jobs cut

Swedish vendor eliminates 2,100 positions; 1,700 staff set to leave the company. Ericsson on Wednesday revealed that it has begun giving notice to staff facing redundancy as part of its 9 billion-kronor (€987 million) cost-cutting programme. In the past few weeks approximately 2,100 positions have been eliminated at the vendor’s Swedish R&D and supply operations. … Continue reading

National Oilwell Varco – To cut 1,500 jobs

Houston-based oil equipment maker National Oilwell Varco’s Norwegian arm said Wednesday it is shedding 1,500 jobs, or about a third of its staff here, as sales drop on lower oil prices and industrywide spending cuts, a day after Norway’s dominant oil company Statoil ASA announced a similar-sized job cut. National Oilwell Varco Norway said it … Continue reading

UK’s North Sea – Job losses raise skills and safety concerns

Cost-cutting in Britain’s North Sea oil and gas sector could lead to more acute skills shortages in future, industry experts have warned, with some expressing concerns that safety could be compromised. A plunge in crude prices over the last 12 months has prompted oil majors such as Royal Dutch Shell, BP , Chevron and ConocoPhillips … Continue reading

Gap – To cut 250 jobs at headquarters

Apparel retailer Gap Inc said it would close 175 Gap stores in North America, including 140 this year, and cut about 250 jobs at its headquarters. The company has been struggling with a persistent slump in sales at its namesake brand. Chosen excerpts by Job Market Monitor. Read the whole story at REFILE-Gap to close 175 stores, … Continue reading

Statoil Cutting up to 1,500 Permanent Jobs – WSJ

Norway’s Statoil launched the next phase of its efficiency program on Tuesday, announcing it would cut between 1,100 and 1,500 permanent employees by the end of 2016 as it looks to increase efficiency and strengthen competitiveness.    The oil and gas major said a further 525 consultant positions will also be cut, while additional changes … Continue reading

HSBC – To cut 50,000 jobs

HSBC (HSBA.L) pledged a new era of higher dividends on Tuesday, laying out plans to slash nearly one in five jobs and shrink its investment bank by a third to combat sluggish growth across its sprawling empire. Chief Executive Stuart Gulliver has made it his mission to boost profits since taking the helm of Europe’s … Continue reading

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