Layoffs

This tag is associated with 1033 posts

Microsoft – Cuts another 3,000 jobs, reaching almost 18,000 cuts overall

Microsoft this morning cut an additional 3,000 jobs from its workforce around the world, saying it has now completed almost all of the 18,000 job cuts that were announced by CEO Satya Nadella in July. About 638 of the job cuts are in the Seattle region. That brings the regional total to more than 2,700 positions … Continue reading

Lloyds Bank – Profits up by 41% and 9,000 layoffs

The Lloyds Bank results are out this morning: Profits in the third quarter are up an impressive 41%, but Britain’s second-biggest bank is laying off 9,000 employees and closing 150 branches. via Analysts On 9,000 Layoffs By Lloyds Bank – Business Insider.

Air France-KLM – To cut 7,500 jobs

The Dutch arm of Air France-KLM (AIRF.PA) plans to cut its workforce by 7,500 jobs, or 25 percent, largely through outsourcing, a Dutch daily newspaper reported on Tuesday. The measure is expected to be announced at the release of quarterly earnings by the French-Dutch carrier on Wednesday, the Algemeen Dagblad said, citing the head of … Continue reading

Alitalia – To cut 1,000 jobs

Italy’s largest airline Alitalia could cut up to 1,000 jobs, according to reports this weekend by Italian news agency Adnkronos.  The agency cited a document signed by the airline’s management and several unions which states the airline will cut 879 ground crew, 61 pilots and 54 air stewards. The report suggests employees with receive letters of … Continue reading

Sears – Report of layoffs by Seeking Alpha disputed

A published report Thursday said Sears Holdings is laying off about 6,000 workers as it closes 110 stores within the next few months, many before Christmas, according to Seeking Alpha, a content service for financial markets… Spokesman Howard Riefs said “the reported store count and list of closures isn’t accurate.” He specified that one of … Continue reading

CBC Radio-Canada : 400 more layoffs by March 2015

Faced with the loss of its NHL broadcasts and shrinking funding from the federal government, the Canadian Broadcasting Corp. will cut another 400 jobs by March of next year, according to several reports.CBC President Hubert Lacroix reportedly told members of the Canadian Media Guild (CMG) of the cuts, part of an ongoing campaign to reduce … Continue reading

Saab – Restart will ‘take time’

For a fleeting moment a few weeks ago, the news from Saab-owner National Electric Vehicle Swedenappeared almost positive. The company had its reorganization plan approved (a day after it was denied), and the automaker was actually showing a real, running vehicle, albeit one with a top speed of 75 miles per hour. But those tiny … Continue reading

Sony – 1,000 job cuts

The company plans to cut staff in its mobile communications business by about 15 percent, or roughly 1,000 people, Hirai said. Details of that plan are to be announced later. via Sony forecasts Y230 bil loss, 1,000 job cuts ‹ Japan Today: Japan News and Discussion.

Toshiba – To cut 900 jobs (PC)

Japan’s Toshiba Corp said it would cut 900 jobs in a restructuring of its PC business that will include an exit from business-to-consumer operations in some regions. via Toshiba says to cut 900 jobs in PC restructuring | Business | Reuters.

Greece – Alpha Bank to cut 15 percent of jobs

Alpha Bank, Greece’s fourth biggest lender, opened a voluntary redundancy offer on Monday with a view to cutting 15 percent of its workforce to cut costs under a restructuring plan approved by the EU Commission, an official at the bank said on Monday.  All four of Greece’s top banks have been restructuring but Alpha’s bigger … Continue reading

Layoffs in Finland – The autumn will be even bleaker than the summer

The autumn will be even bleaker than the summer in terms of unemployment, according to employment experts. Firms are no longer simply putting employees on furlough, but are more eager to terminate their agreements outright. One researcher says that the situation can now be described as mass unemployment. Chosen excerpts by Job Market Monitor. Read … Continue reading

Atlantic City – 6,000 layoffs of casino workers to come next week

One of the region’s largest mass-filings for unemployment and other benefits will begin next week for newly laid-off Atlantic City casino workers in an outreach effort so large it had to book part of the city’s convention center. The Showboat and Revel are shutting down this weekend, putting more than 5,000 workers out of work. … Continue reading

Cisco – To cut 6,000 jobs

Cisco will cut its worldwide staff by 6,000 in the coming months as it battles against slow growth, particularly in emerging markets, where the demand for high-end switches and routers don’t have such high demand. The company hasn’t revealed which roles will be affected, nor in which territories, but it says the action had to … Continue reading

Deere – To cut over 600 factory jobs

Agricultural machinery maker Deere & Co. (DE: Quote) said it would reduce the size of its manufacturing workforce at some agricultural equipment factories in response to current market demand for its products. The action would place more than 600 employees at four locations on indefinite layoff. via Deere To Cut Over 600 Factory Jobs At … Continue reading

Thai Airways – To cut 1,500 jobs this year

Thai Airways expects to return to profit earlier than expected in the fourth quarter, aiming to cut 1,500 jobs this year under its recently approved restructuring plan. The airline also said it would shed more than a quarter of its full-time employees by 2018, the first major job cuts announcement since the plan was given … Continue reading

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