Best Buy is laying off 500 full-time and 1,000 part-time employees in Canada as it consolidates operations. The Richfield, Minnesota- based company also announced Saturday that it will close 66 of its Future Shop locations and rebranding the remaining 65 as Best Buy stores. After the changes, Best Buy will have 192 locations across Canada, including 136...» Read More
Microsoft's mangled layoff memo offers a lesson in how to write a crappy, insensitive note to employees, says career coach Marie McIntyre.
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.
The company said it would cut up to 18,000 jobs and take restructuring charges of up to $1.6 billion.
Microsoft is planning to cut 1,000 jobs in Finland from its mobile phone unit, a Finnish daily said on Wednesday, quoting anonymous sources.
Planned job cuts announced by U.S. companies dropped 41 percent to 31,434 in June, according to a report by Challenger, Gray & Christmas.
Cosmetics maker Avon Products said it would cut about 600 jobs, including in its North America unit, as the company struggles to return to profit.
Six years after the financial crisis, birth rates haven't bounced back. For the economy, that's bad news.
Citigroup has cut 200 to 300 jobs, or about 2 percent of its global markets workforce, the Wall Street Journal reported.
A recent Harvard study suggested that odd fashion choices earn more respect. Former trader Raj Mahal calls BS and says that would never fly on Wall Street!
A lot of people think of it as an Old Boys Club but the truth is, Wall Street likes to hire 'em young, says former trader Raj Mahal.
Time Inc is reorganizing itself and consolidating oversight as it prepares to spin off from its corporate parent Time Warner, according to a memo to staff.
CNBC's Dominic Chu reports Wal-Mart is to lay of 2,300 of its Sam's Club employees, which is about 2 percent of its workforce.
We are going to see health care as a growth industry well into the future, says Joe Jimenez, Novartis CEO, sharing his thoughts on elevating the economic potential of a healthier population.
Texas Instruments plans to cut 1,100 jobs worldwide as part of a corporate restructuring intended to help it save $130 million by the end of 2014.
CNBC's Steve Liesman and John Challenger, Challenger, Gray & Christmas CEO, break down the latest numbers on jobs and provides perspective on layoffs in the workforce. All the numbers are pointing positive, says Challenger.
Roger Cheng, CNET executive editor, provides his perspective on the troubled smartphone maker as the stock got slammed on Friday after the company issued a warning and announced job cuts.
Chesapeake Energy has been laying off employees as it moves ahead with a company-wide reorganization.
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.