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Layoffs

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  • TORONTO— BlackBerry says it is laying off an unspecified number of employees globally as it makes changes to the operations responsible for making its smartphones. The Waterloo, Ontario- based company said in a statement Saturday that the job cuts will affect people who make the hardware, software and applications for its phones, including devices such as the...

  • CHARLESTON, W.Va.— Appalachian coal mining suffered a double blow Friday, as Murray Energy announced plans to lay off more than 1,800 miners, most from West Virginia, and Alpha Natural Resources told another 439 Mountain State miners they could be out of work. On Friday, St. Clairsville, Ohio- based Murray Energy said it told 1,417 workers at five West Virginia mines...

  • REMBRANDT ENTERPRISES TO TEMPORARILY LAY OFF 39 WORKERS AT MINNESOTA EGG FACILITY DUE TO BIRD FLU.

  • May 20- Drug developer Lpath Inc said it would cut jobs and costs after its experimental eye drug failed a mid-stage study in patients with wet age-related macular degeneration, a leading cause of blindness in the elderly. Lpath, which had about 25 employees as of March 1, according to a regulatory filing, also said it would re-evaluate its research and...

  • Lpath to cut jobs as eye drug fails mid-stage study Wednesday, 20 May 2015 | 8:14 AM ET

    May 20- Lpath Inc said it would reduce its workforce and cut costs as its experimental drug failed a mid-stage study in patients with wet age-related macular degeneration, a leading cause of blindness in the elderly. Lpath's drug, iSONEP, did not show any statistically significant improvement in visual clarity in patients who had not realized enough benefit...

  • WASHINGTON, May 15- United Launch Alliance, a joint venture of Lockheed Martin Corp and Boeing Co, on Friday said it was cutting its executive ranks by 30 percent in December through what it called voluntary departures by 12 executives. ULA, formed by the two largest U.S. weapons makers in 2006, has long been the sole company able to launch U.S. military and...

  • SAN JUAN, Puerto Rico— Procter& Gamble Co. says it is closing a manufacturing plant in Puerto Rico and laying off some 230 employees. Officials said the company will move operations to a plant in North Carolina as part of an overall restructuring. Procter& Gamble manufactures Olay skin care products at the Cayey plant, which it bought in 1985..

  • May 15- Blue Bell Creameries said it would lay off about 750 full-time and 700 part-time employees, nearly a month after the ice cream maker voluntarily recalled all its products and stopped production due to bacterial contamination. The cuts will affect about 37 percent of the Brenham, Texas- based company's total workforce of 3,900, a decision Chief...

  • WASHINGTON, May 15- United Launch Alliance, a joint venture of Lockheed Martin Corp and Boeing Co, on Friday said 12 executives would leave the company in December under a voluntary layoff, a 30- percent reduction in executive ranks. Tory Bruno, chief executive of the venture, told Reuters in an emailed statement the layoffs were part of ULA's ongoing efforts to...

  • UNITED LAUNCH ALLIANCE, JOINT VENTURE OF LOCKHEED AND BOEING, SAYS 12 EXECUTIVES LEAVING COMPANY IN DECEMBER UNDER VOLUNTARY LAYOFF.

  • HOUSTON— Blue Bell Creameries will lay off more than a third of its workforce following a series of listeria illnesses linked to its ice cream that prompted a nationwide recall of all its products, the Texas company announced Friday. The 108- year-old company's production plants in Texas, Oklahoma and Alabama have been closed since Blue Bell issued a full...

  • CARACAS/ NEW YORK, May 14- A growing number of U.S. companies say they can't cope with Venezuela's sinking bolivar currency, prompting some of them to remove their operations in the South American nation from their consolidated financial reports. The restructuring moves can shield the financial results of parent companies such as batteries and razors maker...

  • CARACAS/ NEW YORK, May 14- A growing number of U.S. companies say they can't cope with Venezuela's sinking bolivar currency, prompting some of them to remove their operations in the South American nation from their consolidated financial reports. The restructuring moves can shield the financial results of parent companies such as batteries and razors maker...

  • May 13- Oilfield giants Schlumberger Ltd and Halliburton Co and many others in the oil and gas industry have announced plans to lay off thousands of people in the past few months as global oil prices have fallen more than 40 percent since June. Houston- based Schlumberger also said last month that it plans to cut another 11,000 jobs, bringing the total job cuts...

  • OSLO, May 12- Oil services firm Subsea 7 plans to cuts its workforce by close to 20 percent and reduce its fleet of 39 vessels by up to 11 as global oil and gas firms continue to cut spending after a plunge in crude oil prices dampened activity levels. Subsea 7, which focuses on the North Sea but has a global operation, expects to cuts it workforce by around 2,500 by early...

  • Strong U.S. dollar pressures jobs at exporters Friday, 8 May 2015 | 10:28 AM ET

    The appreciation in the currency weighed on first quarter profits across corporate America, including at soft drink giant PepsiCo Inc and toothpaste producer Colgate-Palmolive. Steel, the rise in the value of the dollar reduced profits from its sales to Europe, while also making steel from South Korea more competitive abroad, helping to force layoffs of...

  • TORONTO, May 7- Canadian telecom company Manitoba Telecom Services Inc said on Thursday it would cut a quarter of its headcount within its Allstream division, reduce capital expenditures and slash its annual dividend following a strategic review. Low interest rates and a spiraling defined-benefit pension bill have stung the Winnipeg- based company, which...

  • Layoffs hit 3-year high in April, energy cuts surge Thursday, 7 May 2015 | 7:30 AM ET
    Job seekers wait for the opening of a job fair sponsored by Job News in partnership with USOilWorker.com and The Texas Veterans Commission in San Antonio, TX.

    U.S.-based employers announced the highest workforce reductions last month since May 2012.

  • May 7- "Farmville" creator Zynga Inc reported higher-than-expected quarterly bookings as titles such as "Words With Friends" attracted more gamers, and the company said it would cut 364 jobs as it tries to turn around its business. San Francisco- based Zynga said it would cut studio jobs, including contractors, and implement other cuts to save $100 million on an...

  • May 7- Zynga Inc, creator of "FarmVille," reported higher-than-expected quarterly bookings of $167.4 million as titles such as "Words With Friends" and " Zynga Casino" attracted more gamers. Zynga's net loss narrowed to $46.5 million, or 5 cents per share, from $61.2 million, or 7 cents per share, a year earlier. Total revenue rose to $183.3 million from $168.0 million.