Business Events Layoffs


  • US layoffs surge to 6-month high: Challenger Thursday, 4 Feb 2016 | 8:07 AM ET
    Stressed unemployed

    Layoffs surged in January to the highest levels since last summer as employers in the retail and energy sectors pulled out the pink slips.

  • Monthly jobs cuts up 218%: Challenger Thursday, 4 Feb 2016 | 7:31 AM ET
    Monthly jobs cuts up 218%: Challenger

    John Challenger, Challenger CEO, provides insight to new data on jobs.

  • GENEVA— Credit Suisse is cutting roughly 4,000 jobs to reduce costs after announcing a massive pre-tax loss in the fourth quarter that includes "substantial charges which are not reflective of our underlying business performance," the bank said Thursday. It reported a pretax quarterly loss of 6.4 billion, including a 3.8- billion-franc impairment charge...

  • The company, which makes computer-aided design software, said it expected pre-tax charges of $85 million- $95 million related to the restructuring. The company in November forecast fourth-quarter adjusted profit of between 8- 12 cents per share on revenue of $620- $640 million. Analysts on average were expecting a profit of 10 cents per share on revenue of...

  • Autodesk to cut 10 pct of workforce Wednesday, 3 Feb 2016 | 9:10 AM ET

    The company said it anticipated pre-tax charges of $85 million- $95 million related to the restructuring.

  • Ford Europe slashes jobs to trim costs Wednesday, 3 Feb 2016 | 8:08 AM ET
    Ford Europe slashes jobs to trim costs

    The auto company plans to shed hundreds of jobs in Europe to cut costs by $200 million annually.

  • BERLIN, Feb 3- Ford plans to cut hundreds of white-collar jobs in Europe to reduce costs by $200 million a year and revamp its model line-up as it targets sustainable profitability in the region, the carmaker said on Wednesday. The U.S. company turned a full-year profit of $259 million in Europe in 2015, its first since 2011, helped by a 10- percent gain in vehicle...

  • Doubt Yahoo can execute new plan: Pro Wednesday, 3 Feb 2016 | 6:22 AM ET
    The Yahoo! website and logo are displayed on laptop computers in Washington, April 15, 2014.

    I've walked away from my buy rating on the stock, says Victor Anthony, Axion Capital Management, weighing in on the challenges ahead for Yahoo and whether CEO Marissa Mayer has run out of time to turnaround the company.

  • The announcement is the strongest sign yet that the board and Chief Executive Marissa Mayer may be willing to sell the struggling Internet business- essentially websites, email and online search- under growing pressure from impatient shareholders. "We believe the strategic plan does not fully address the core issues which have destroyed shareholder value-...

  • Feb 2- Yahoo Inc, under growing pressure from impatient investors, said on Tuesday it would consider "strategic alternatives" for its core Internet business and cut about 15 percent of its workforce, even as it continues with its plan to revamp the business and spin it off. The announcement is the strongest sign yet that Chief Executive Marissa Mayer may be willing...

  • The latest warnings came from Exxon Mobil, which reported Tuesday that fourth-quarter earnings fell 58 percent in the oil giant's weakest quarter since 2002. Those reports follow Chevron Corp.' s first money-losing quarter in more than 15 years and Royal Dutch Shell's warning that its 2015 profit fell sharply. Crude prices first fell below $30 last month from...

  • SAN FRANCISCO— Yahoo is laying off about 1,700 employees and shedding some of its excess baggage in a shake-up likely to determine whether CEO Marissa Mayer can save her own job. The long-anticipated purge, announced Tuesday, will jettison about 15 percent of Yahoo's workforce along with an assortment of services that Mayer decided aren't worth the time and...

  • TALLAHASSEE, Fla.— Florida justices delay execution after US Supreme Court ruled state's death system is flawed.

  • Should Marissa Mayer step down? Tuesday, 2 Feb 2016 | 8:37 AM ET
    Should Marissa Mayers step down?

    CNBC's Jon Fortt and Adam Grant, Wharton professor, discuss the likelihood of layoffs at Yahoo, Sheryl Sandberg's leadership and Jack Dorsey's full plate.

  • Executive Edge: Yahoo to cut jobs Tuesday, 2 Feb 2016 | 6:37 AM ET
    Executive Edge: Yahoo to cut jobs

    The "Squawk Box" news team discusses some of the morning's most provocative headlines, including a report that says Marissa Mayer plans to cut 15 percent of the workforce and close several business units.

  • RCS Capital listed total assets of $2 billion and debts of $1 billion in its Chapter 11 filing in Delaware, court documents showed on Monday. Under the restructuring plan, lenders will inject $150 million into broker-dealer Cetera and ties to Schorsch will be cut by eliminating common shares and some $500 million in preferred stock, court documents showed.

  • *To rationalise production in Europe and Brazil. The restructuring announced on Monday includes the closure of two rolling mills in France, one threading line in Germany and a heat treatment line in Scotland, leading to the loss of about 1,000 jobs on top of previously announced cuts. "Our plan significantly adjusts our industrial footprint in Europe to address...

  • Caterpillar closing 5 plants, cutting 670 jobs Friday, 29 Jan 2016 | 3:19 PM ET

    Caterpillar says it plans to close five plants, causing a net reduction of about 670 jobs in Illinois and several other states, as part of a broader cost-cutting campaign announced last year. The mining and construction equipment company will cut about 230 jobs for office and production workers at a major manufacturing campus in East Peoria, Illinois, where...

  • Say China coal miners to get time off over Lunar New Year. BEIJING, Jan 29- In a break with tradition, 15 Chinese coal mining groups have said they will close operations and allow workers to leave their posts during the Lunar New Year holidays next month, taking some pressure off a sector burdened by massive overcapacity. Spot thermal coal in Qinhuangdao port has...

  • Marissa Mayer's plan involves a list with three options Thursday, 28 Jan 2016 | 10:00 AM ET
    Marissa Mayer's plan involves a list with three options

    The Yahoo CEO creates an invest, maintain, kill list as part of the Internet company’s restructuring efforts.