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
The number of job cuts announced by employers jumped 28 percent in January, led by retailers and financial firms, according to the latest report by global outplacement firm Challenger, Gray & Christmas.
CNBC's Bertha Coombs and Jon Fortt, report Facebook has filed papers with the SEC for a Q2 IPO. Also, Defense Secretary, Leon Panetta announced today, the U.S. will shift it's strategy in Afghanistan; at lease 70 people were killed at a soccer match turned violent in Egypt; and American Airlines is looking to cut 13,000 jobs.
Headhunters say the recent lay-offs in Asia’s banking industry are just the beginning and expect there will be far worse to come, predicting the total size of the sector in the region could shrink by more than 20 percent. The FT reports.
The new year may bring layoffs to thousands of workers at Pepsi, with Jonathan Feeney, Janney Capital Markets.
CNBC's Jackie DeAngelis reports China is moving full speed ahead with its high-speed rail program; Sears plans to close more than 100 of its stores; and Morgan Stanley plans to cut 580 jobs at four New York City offices.
CNBC's Simon Hobbs reports McDonald's was the Dow's only gainer during Thursday's session; GM begins layoffs to help consolidate global operations; and Boeing machinist's union ratifies a new four year contract.
David Vieau, A123 Systems president & CEO, discusses the tough year for his company, and how he plans to rebuild after laying off 125 workers from a Michigan plant.
Members of CNBC's news team, Scott Cohn separates fact from fiction before tonight's debate; Phil LeBeau with a look at GM & job creation; Jane Wells reports on trying to find work on Main Street; and Brian Shactman has the story on how two businessmen turned a Minnesota factory town around.
The world economy is on the verge of a new and deeper jobs recession that will delay the global recovery further and may spark social unrest in "scores of countries," the International Labor Organization said on Monday.
Coming in to work when you’re sick costs businesses billions a year in lost productivity, but many workplaces can make employees sick. Here are 10 ways that your work may be killing you and your employer.
Goldman is looking at adding another $250 million to drastic spending cuts announced earlier this summer, bringing the total to $1.45 billion, according to DealBook.
Is Greece's pledge to cut public sector jobs an attempt at getting another bailout? CNBC's Michelle Caruso-Cabrera has the latest details.
CNBC's Michelle Caruso-Cabrera and Constantine Michalos, Athens Chamber of Commerce president, discuss Greece's vow to cut a significant number of its public sector jobs.
Not again. That is the plea of many Americans fearful about their jobs as the economy falters.
Bank layoffs won't be as deep as they were during the 2008 financial crisis, hedge-fund recruiter Ilana Weinstein told CNBC Friday. Those who remain, however, may see big cuts in bonuses—if they get one at all.
Whether you’ve been laid off or you crave more satisfaction, looking for a position doing something you’ve never done before invariably comes with second-guessing.
Jeremy Anderson, Chairman of KPMG's Global Financial Services, believes that regulatory trends and uncertainty are choking growth in the West.
A new wave of corporate layoffs could pick up momentum if the economy does not kick into a higher gear soon — and that has traders thinking Friday's US jobs report may be a huge disappointment.
A new wave of corporate layoffs could pick up momentum if the economy does not kick into a higher gear soon.
Thousands of layoffs were announced in just the past week, and that trend could continue if economic growth does not start to pick up speed.