June 30- Standard& Poor's Ratings Services lowered its credit rating on Puerto Rico to' CCC-minus' from' CCC-plus', hours after Governor Alejandro Garcia Padilla said the U.S. territory needed a period of bankruptcy to restructure its debt. Former IMF staffers-- engaged by Government Development Bank, Puerto Rico's financing arm-- issued a damning report on Sunday...» Read More
John Chambers, Cisco Systems CEO & chairman, discusses the tech giant's fourth quarter results and reduction in its work force.
Greece's shaky coalition government scraped through a vote on Wednesday on a bill to sack public sector workers as thousands chanting anti-austerity slogans protested.
John Challenger, Challenger, Gray & Christmas CEO, shares his latest read on employment and who's hiring and who's firing, with CNBC's Steve Liesman.
The gaming site plans to layoff 18 percent of its workforce and shut several offices. Dan Primack, Fortune senior editor, and Arik Hesseldahl, senior editor, All Things Digital, discuss what Zynga needs to do to make more money.
Mining group Rio Tinto plans to almost halve the size of its London head office, cutting more than 200 jobs as it tries to slash more than $5 billion in costs by the end of next year.
John Challenger, CEO of Challenger, Gray & Christmas, breaks down the latest results on job cuts last month.
Google's Motorola Mobility unit is to shed another 1,200 jobs as the smartphone maker tries to return to profitability, Google said on Friday.
Planned layoffs rose for the second month in a row in February as the financial sector cut the most employees in over a year, a report showed on Thursday.
Officials from the European Union and the International Monetary Fund return to Athens on Sunday to assess Greece's performance under a bailout plan.
Boeing will cut hundreds of jobs at a South Carolina plant that makes 787 Dreamliners, but the move has nothing to do with the recent grounding of the troubled jetliner.
The White House issued more dire warnings about the harm the cuts will do to Americans, breaking down the loss of jobs and services to each of the states.
Barclays is nearing the completion of a raft of job cuts at its investment bank as part of its new chief executive's plan to streamline operations and cut costs, a person familiar with the matter said on Wednesday.
Jeffrey Bewkes, Chairman & CEO of Time Warner, breaks down the company's fourth quarter numbers, weighs in on news of possible layoffs and the sale of its Time Warner Center in New York City.
Knight Capital Group, which recently agreed to be bought for $1.4 billion by Getco Holding Co, will lay off 5 percent of its global workforce as part of efforts to restructure the automated trading firm, according to a regulatory filing released on Monday.
Chinese investment banks are carrying out their biggest layoffs and bonus cuts since the financial crisis as they brace for further profit declines, hit by an ongoing drought in initial public offerings in China that started in September.
CNBC's David Faber reports on continuing downsizing on Wall Street, and Dish Network's unsolicited takeover bid for Clearwire.
Things are getting serious at the Magic Kingdom: Disney started an internal cost-cutting review and is mulling layoffs.
Planned layoffs at U.S. firms fell in December for the first time in four months, while the overall job-cut total in 2012 was the lowest since 1997, a report showed on Thursday.
John Challenger, CEO of Challenger, Gray & Christmas, breaks down the "very strong" numbers on jobs.
Bart Shuldman, TransAct Technologies chairman & CEO, explains why he may have to lay off workers if the research and development tax credit isn't extended.