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Posts Tagged ‘ layoffs ’

American Airlines Firing 13,000 Workers, Will Cut Spending By $2 Billion

American Airlines Firing 13,000 Workers, Will Cut Spending By $2 Billion

Despite increased charges for checked baggage, extra costs for in-flight food & drink and other hidden fees American Airlines announced on Wednesday that it would cut out 13,000 jobs or nearly 15% of its workforce. The plan ... continue
Mitt Romney In Hot Water, Says He Likes To Fire People [Video]

Mitt Romney In Hot Water, Says He Likes To Fire People [Video]

There's a very important lesson that politicians are taught earlier in their career, don't say anything that can be misconstrued or tied into your past failures, apparently Mitt Romney missed both parts of that lecture. During a campaign ... continue
TomTom Workforce To Be Cut By 10% As Sales Tumble

TomTom Workforce To Be Cut By 10% As Sales Tumble

Officials at GPS manufacturer TomTom have announced plans to cut 10% of their workforce in an attempt to reduce costs as they struggle to compete in a changing market that has largely shifted from standalone GPS units ... continue
Citigroup To Cut 4,500 Jobs In Response To Slumping Revenue

Citigroup To Cut 4,500 Jobs In Response To Slumping Revenue

Citigroup Inc. Chief Executive Officer Vikram Pandit has announced plans to fire 4,500 employees in the coming quarters. To accomplish his goal Pandit will take a charge of nearly $400 million which will be used to pay severance ... continue
Adobe To Layoff 750 Workers, Will Shift Focus Digital Media and Marketing

Adobe To Layoff 750 Workers, Will Shift Focus Digital Media and Marketing

Adobe, Inc. will lay off 750 full-time employees in the coming months and shift their focus towards digital media and marketing. In a press release on Tuesday company officials say their restructuring will result in pre-tax charges in ... continue
10,000 Wall Street Employees To Lose Jobs In 2012

10,000 Wall Street Employees To Lose Jobs In 2012

Occupy Wall Street protesters have a little reason to celebrate today as a new report from the New York state comptroller warns that 10,000 securities industry jobs will be shed on Wall Street before the end of ... continue
Bank of America Could Slash 40,000 Jobs Under Restructuring Plan

Bank of America Could Slash 40,000 Jobs Under Restructuring Plan

It's becoming quite possible that Bank of America Corp (BofA) officially will fire nearly 40,000 employees as part of a new restructuring plan. According to rumors CEO Brian Moynihan will announce the layoffs on Monday. The layoffs will ... continue
Bank of America Cutting 3,500 Jobs, More To Follow In Near Future

Bank of America Cutting 3,500 Jobs, More To Follow In Near Future

Bank of America Corp. has announced that they are planning to fire 3,500 workers before the end of the current quarter as part of a plan to overhaul the company. Speaking to the Wall Street Journal an insider says ... continue
200 Jobs axed as Sony closes three studios

200 Jobs axed as Sony closes three studios

As part of an ongoing restructuring Sony announced today that it is closing three studios in its Sony Online Entertainment division. Those closings will see 250 jobs go bye-bye as studios in Denver, Seattle and Tucson close. ... continue
ChaCha Announces New Funding, New Layoffs

ChaCha Announces New Funding, New Layoffs

ChaCha, the personalized mobile answers service, has secured $12 million in new funding. At the same time, the company is laying off almost a third of its staff. ChaCha Changes The $12 million, part of a Series D round ... continue
Nokia Cuts 1,700 Jobs

Nokia Cuts 1,700 Jobs

Nokia is laying off 1,700 workers worldwide -- the latest in a string of cutbacks by the mobile phone maker. Nokia Layoffs The new round of Nokia layoffs will affect employees within the company's devices and markets units, corporate ... continue