SAN FRANCISCO, July 22- Broadcom Corp said on Tuesday it is winding down its money-losing cellular baseband chip business and cutting one-fifth of its total workforce, instead of selling the unit.» Read More
Asian shares shrug off gloom over Ukraine while China property measures boost HK shares Netflix's 2nd- quarter earnings more than double as video service hits 50 million subscribers China launches national probe of supplier accused of selling expired meat to McDonald's, KFC US stocks are falling to start the week as big companies post mixed quarterly results A Star Wars Car, a Doomsday doll highlight some of Mattel's creations for Comic-Con Chipotle's sales surge as higher prices fail to deter customers Judge says FDA can't use advisory panel's 2011 report on menthol cigarettes, citing conflicts Florida smoker's widow: $23 B damages is a message to Big Tobacco, even if verdict won't stand Allergan to cut 13 pct of global workforce, eliminate vacancies as part of restructuring US airlines slowly adding jobs; employment up for 6th straight month despite United cuts
Microsoft's mangled layoff memo offers a lesson in how to write a crappy, insensitive note to employees, says career coach Marie McIntyre.
July 21- Allergan Inc, which is fighting off a hostile bid from Valeant Pharmaceuticals International Inc, said on Monday that it would cut 13 percent of its global workforce as part of a restructuring meant to boost profits over the next six years.
July 21- Allergan Inc, which is fighting off a hostile bid from Valeant Pharmaceuticals International Inc, on Monday announced 1,500 jobs cuts as part of a $475 million restructuring meant to boost profits over the next six years.
July 18- Sotheby's said it would cut an unspecified number of jobs to cut cost, months after ending a long-running battle with billionaire investor Daniel Loeb by appointing him to its board. Sotheby's shares rose 3 percent to $39 on the New York Stock Exchange on Friday.
The plan, mainly impacting the auction house's U.S. and UK operations, will result in employee-related restructuring charges of about $13 million to be recognized in the third quarter, the company said.
BIRMINGHAM, Ala.— Wells Fargo is laying off nearly 500 workers from its mortgage servicing team in the Birmingham area, officials announced Thursday. The Birmingham- area layoffs are part of 481 positions that are being eliminated nationwide. Birmingham is the headquarters of the bank's mid-South region.
July 17- Microsoft Corp said on Thursday it would slash up to 18,000 jobs, or 14 percent of its workforce, this year. April 2014- The chipmaker said it had cut 1,500 jobs in Costa Rica. January 2014- Announced plans to reduce its global workforce of 107,000 by about 5 percent this year.
Microsoft Executive Vice President Stephen Elop sent employees of the company's devices business a memo detailing its job cut plans. Microsoft said it would cut up to 18,000 jobs over the next year, with about 12,500 related to Microsoft's acquisition of Nokia's phone business in April.
Microsoft announced Thursday that it will cut up to 18,000 jobs, or about 14 percent of its staff. CEO Satya Nadella, who took the job in February, delivered the news to staff in a memo that Microsoft released publicly. Date: July 17, 2014 at 5:00 a.m. PT.
SEATTLE, July 17- Microsoft Corp will slash up to 18,000 jobs, or 14 percent of its workforce, this year as it almost halves the size of its newly acquired Nokia phone business and tries to transform into a cloud-computing and mobile-friendly software company.
Dan Niles, AlphaOne Capital Partners, reacts to Microsoft's restructuring plan that eliminates roughly 14 percent of its workforce. Niles says the money from the layoffs will be reinvested in the business to drive the cloud.
ATLANTA— The unemployment rate in Georgia climbed to 7.4 percent in June, a slightly increase from May. Georgia Labor Commissioner Mark Butler said Thursday that the increase in unemployment was attributable to regular seasonal fluctuations. Those include summer job losses among school workers and temporary layoffs in manufacturing.
The company said it would cut up to 18,000 jobs and take restructuring charges of up to $1.6 billion.
SEATTLE, July 17- Microsoft Corp said on Thursday it will slash up to 18,000 jobs, or 14 percent of its workforce, this year as it trims its newly acquired Nokia phone business and reshapes itself into a cloud-computing and mobile-friendly software company.
LOS ANGELES— Microsoft announced the biggest layoffs in its 39- year history Thursday, outlining plans to cut 18,000 jobs in a move that marked the CEO's sharpest pivot yet away from his predecessor's drive for the company to make its own devices.
SEATTLE, July 17- Microsoft Corp is set to cut more than 6,000 jobs in an announcement expected early Thursday, according to sources familiar with the matter, as it trims its newly acquired Nokia phone business and reshapes itself as a cloud-computing and mobile-friendly software company.
Microsoft is planning to cut 1,000 jobs in Finland from its mobile phone unit, a Finnish daily said on Wednesday, quoting anonymous sources.
July 14- Microsoft Corp is planning its biggest round of job cuts in five years as the software maker looks to integrate Nokia Oyj's handset unit, Bloomberg reported, citing people with knowledge of the company's plans.
July 14- Layoff notices went out on Monday for roughly 1,000 employees of Atlantic City's Trump Plaza Casino Hotel, in anticipation of a Sept. 16 closure, the company said in a statement. The seashore casino is one of the poorest performers in Atlantic City, which began the year with 12 casinos but with the Trump Plaza closing could be down to eight.