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Layoffs

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  • June 26- Intuit Inc, which makes software that helps with tax-preparation, has laid off 399 people, or about 5 percent of its workforce, technology news website TechCrunch reported. Patrick Barry, who leads customer communication software maker Demandforce, has also stepped back, though he remains with Intuit, TechCrunch reported, citing the company.

  • June 25- General Mills Inc, the maker of Cheerios cereal and Betty Crocker cake mixes, said it would cut 675-725 jobs in its international business under a new restructuring plan aimed at cutting costs and boosting growth. While General Mills' U.S. sales for the third quarter ended Feb. 22 rose after five straight quarters of decline, international sales have...

  • CALGARY, Alberta, June 23- Pipeline company TransCanada Corp and oil and gas producer Encana Corp both said on Tuesday they were cutting jobs, joining other Canadian energy firms that have laid off staff since global oil prices slumped. TransCanada, the backer of the controversial Keystone XL pipeline project, said it cut 185 jobs following a restructuring to...

  • PEORIA, Ill.— Caterpillar Inc. says it will lay off 50 more workers at its East Peoria plant in addition to the 120 layoffs announced last week. She says Caterpillar plans to offer support services to the impacted employees. The Journal Star reports that Caterpillar announced in May that it would lay off 150 workers at its Decatur plant due to weak demand for the...

  • J Crew fires VP after social media backlash: Source Friday, 19 Jun 2015 | 12:51 PM ET

    A J.Crew VP has been fired after posting celebratory photos to social media that seemingly taunted recently fired employees.

  • June 19- Chocolate maker Hershey Co cut its full-year sales growth forecast, citing weak sales in China, and said it would cut 300 jobs by the end of the year. The company has also made changes to its leadership team under a new productivity program that it expects will result in $65 million to $75 million in pretax savings, primarily in 2016.. Hershey's shares were...

  • J Crew exec seemingly taunts fired employees Thursday, 18 Jun 2015 | 6:04 PM ET
    A J. Crew sign is displayed outside one of company’s stores in New York.

    After layoffs at its headquarters in New York, one J.Crew VP is in hot water after joking about the firings on social media.

  • June 18- News Corp, owner of the Wall Street Journal, is carrying out a major reorganization at its Dow Jones news publishing unit that will involve job cuts and shifting resources to digital media. Dow Jones, which has about 5,000 employees worldwide, will close bureaus in Prague and Helsinki and cut jobs in bureaus in Europe and Asia, Gerard Baker, editor-in-chief...

  • June 18- News Corp, owner of the Wall Street Journal, is carrying out a major reorganization at its Dow Jones news publishing unit that will involve job cuts and shifting of resources into digital media, the Wall Street Journal reported. Dow Jones will close bureaus in Prague and Helsinki and cut jobs in bureaus in Europe and Asia, Gerard Baker, editor in chief of Dow...

  • CHICAGO, June 17- The Chicago City Council on Wednesday approved with no debate Mayor Rahm Emanuel's proposal to sell $1.1 billion of bonds to continue restructuring outstanding debt and pay other obligations. Chicago will use the authorization to convert short-term commercial paper into long-term fixed-rate bonds and complete the refinancing of...

  • MUNICH/ BERLIN/ VIENNA, June 17- Germany's MAN SE could cut as many as 2,000 jobs at its main trucks division as the Volkswagen-owned company slims operations under a wider reorganisation of production, company and union sources said. VW, Europe's largest vehicle manufacturer, has spent billions of euros over the past decade on expanding stakes in MAN and Scania...

  • Gap to close 175 stores and lay off 250 HQ workers Tuesday, 16 Jun 2015 | 7:20 AM ET
    A Gap store in New York.

    Gap plans to close 26 percent of its North American stores over the next several years in an effort to turn itself around.

  • June 15- Apparel retailer Gap Inc said it would close a quarter of its Gap specialty stores in North America over the next few years, including 140 this year, and cut about 250 jobs at its headquarters. The company also expects to incur one-time costs of $140 million to $160 million, primarily in the current quarter. After the closures, the company will have 500...

  • Colt Defense files for bankruptcy protection Monday, 15 Jun 2015 | 7:21 AM ET

    Famed U.S. gun maker Colt Defense LLC said it filed for Chapter 11 bankruptcy protection.

  • Famed U.S. gun maker Colt Defense LLC said it filed for Chapter 11 bankruptcy protection.

  • PARIS, June 14- Eileen Drake, the new chief executive of Aerojet Rocketdyne Holdings Inc, on Sunday vowed to keep a "huge focus" on cutting overhead costs in coming years, including a 10- percent workforce reduction and possible facility closings. Drake, a former Army helicopter pilot and executive with Pratt& Whitney, a unit of United Technologies Corp, joined...

  • J. Crew folds up jobs Thursday, 11 Jun 2015 | 8:00 AM ET
    J Crew folds up jobs

    J. Crew laid off 175 workers after reporting disappointing earnings and same store sales.

  • J Crew lays off 175 at its NY headquarters Wednesday, 10 Jun 2015 | 5:36 PM ET
    A J. Crew sign is displayed outside one of company’s stores in New York.

    J.Crew has laid off about 175 people from its New York headquarters, the company announced on Wednesday in a press release.

  • BEIJING, June 10- European companies are growing more pessimistic as China's economy slows, a European business lobby said on Wednesday, with many firms preparing for lay-offs in the face of weaker economic growth and slow market reforms. The European Union Chamber of Commerce in China said its annual survey of members showed 39 percent of 541 respondents were...

  • *HSBC to cut risk weighted assets by $290 bln. HONG KONG, June 9- HSBC will cut almost 50,000 jobs from its payroll, take an axe to its investment bank and shrink its risk weighted assets by $290 billion in an effort to improve its sluggish performance, Europe's biggest bank said on Tuesday. However the cuts, to be completed by 2017, will be followed by some hiring in...