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Business Events Layoffs


  • Nov 20- Wearable fitness tracking devices maker Jawbone said it cut about 60 jobs, or about 15 percent of it workforce. Jawbone also said it would close its New York office and downsize operations in Sunnyvale, California and Pittsburgh, Pennsylvania. "We have made the difficult decision to reorganize the company which has had an impact on our global workforce," San...

  • Wearable fitness devices maker Jawbone cuts jobs Friday, 20 Nov 2015 | 12:56 PM ET

    Nov 20- Wearable fitness tracking devices maker Jawbone said on Friday that it had cut jobs as part of a reorganization, but did not specify the number of employees who had been laid off. "We have made the difficult decision to reorganize the company which has had an impact on our global workforce," Jawbone said in an emailed statement to Reuters.

  • Tyson Foods to close 2 plants, cut 880 jobs Friday, 20 Nov 2015 | 9:58 AM ET
    Tyson headquarters in Springdale, Ark.

    Tyson Foods, the biggest U.S. meat processor, said it would stop operations at two of its plants in the United States, affecting about 880 employees.

  • Finland looks again to mobile gaming Friday, 20 Nov 2015 | 8:00 AM ET
    Finland looks again to mobile gaming

    Many Finnish game developers are looking to mobile gaming for employment after layoffs from Nokia and Microsoft.

  • Deadlines coming up for Volkswagen Thursday, 19 Nov 2015 | 7:00 AM ET
    Deadlines coming up for Volkswagen

    Volkswagen set to announce substantial spending cuts during meeting with US regulators.

  • Blue Cross & Blue Shield RI to lay off 80 employees Thursday, 19 Nov 2015 | 5:07 AM ET

    PROVIDENCE, R.I.— Blue Cross& Blue Shield of Rhode Island has announced that it plans to lay off 80 employees. Dell has provided information technology support to Blue Cross for almost a decade and will take on a much larger role in the nonprofit organization starting in January. Executive Vice President and Chief Financial Officer Michael Hudson tells The...

  • TransCanada announces new layoffs as crude slump persists Wednesday, 18 Nov 2015 | 6:17 PM ET

    CALGARY, Alberta, Nov 18- Pipeline company TransCanada Corp has announced new job cuts, as slumping oil prices continue to take their toll on its customers, a spokesman said on Wednesday. TransCanada and other energy companies based in the oil-rich Western Canadian province of Alberta have been hammered with thousands of layoffs in recent months due to the...

  • Nov 17- Cloud computing software maker Citrix Systems Inc, under pressure from activist hedge fund Elliott Management, said it would spin off its GoTo business into a listed company and cut about 1,000 jobs. Citrix said in July it would explore strategic alternatives for its GoTo family of products, including videoconferencing and desktop sharing service...

  • Nov 17- Cloud computing company Citrix Systems Inc said it would cut about 1,000 jobs and spin off its GoTo business into a separate listed company as part of a review of its operation. Citrix, the target of activist hedge fund Elliott Management, said it expects about $200 million in annualized pre-tax cost savings, 75 percent of which is likely to be in fiscal...

  • Nov 17- BP Plc said on Tuesday it was exploring the sale of a petrochemical plant in Decatur, Alabama as part of a restructuring of its petrochemicals business. BP said it was spending $200 million to cut costs at PTA-producing plants in Cooper River, South Carolina and Geel, Belgium. BP's shares were up 2.6 percent at 378.1 pence on the London Stock Exchange at 1510...

  • Enbridge cuts 5 percent of workforce in Canada, US Tuesday, 17 Nov 2015 | 8:25 AM ET
    Workers work on an oil line pipeline in Decatur, IL.

    Canada's largest pipeline company cut 5 percent of its workforce, as low crude prices continued to drag on the North American oil and gas industry.

  • LONDON, Nov 13- Cargill Inc, one of the world's largest privately held corporations, has launched a restructuring that includes job cuts, one company source and four industry sources said on Friday, the latest casualty of a downturn in the farm economy. The cutbacks at the Minnesota- based company come as global agricultural companies are under pressure from...

  • Nov 12- Canada's Finning International Inc, the world's biggest dealer of Caterpillar Inc equipment, said it would cut about 1,100 jobs in Canada and South America due to weak sales. Finning also said it will shut 11 dealerships in Western Canada to reduce costs. Finning said it will cut about 550 jobs in South America, bringing the total cuts in the region to 1,200...

  • Don't mess with Texas, unless you're oil prices Wednesday, 11 Nov 2015 | 12:24 PM ET
    Rusted out "pump-jacks" are viewed in the oil town of Luling, Texas.

    Retailers, automobile dealers and other companies in Texas are reporting weakness as a result of the slide in crude prices.

  • *Hit with losses, Lonmin striving to stay afloat. MARIKANA, South Africa, Nov 11- As loss-making platinum producer Lonmin appeals for cash from shareholders and slashes costs, many of its mine workers are eager to grab redundancy deals and leave a company battling to stay afloat. Battered by strikes, rising costs and weak platinum prices, Lonmin is seeking to raise...

  • UPDATE 1-UniCredit to shed 18,200 jobs, boost capital Wednesday, 11 Nov 2015 | 8:59 AM ET

    MILAN, Nov 11- UniCredit, Italy's biggest bank by assets, plans to slash thousands of jobs and restructure or exit its retail business in Austria and leasing operations in Italy, seeking to bolster its finances without asking shareholders for cash. UniCredit, the latest major European bank to announce an overhaul to boost profits and increase capital, said on...

  • LONDON/ NEW YORK, Nov 6- Leading European hedge fund firm Brevan Howard has cut around 50 support staff across its global operations, a source familiar with the matter on Friday said, as part of a plan to focus on its flagship macro-economic funds business. In a statement issued by the company, Brevan, which has offices in several global financial centres including...

  • Seaspan CEO: Very confident in long term prospects Thursday, 5 Nov 2015 | 7:45 AM ET
    Seaspan CEO: Very confident in long term prospects

    Gerry Wang, Seaspan Corp. CEO, discusses the outlook for his company.

  • Shipping industry hits rough seas Thursday, 5 Nov 2015 | 7:44 AM ET
    Shipping industry hits rough seas

    CNBC's Morgan Brennan takes a look at the slump in container shipping as several large ship operators announce job cuts.

  • US layoffs fall 14% in October: Challenger Thursday, 5 Nov 2015 | 7:30 AM ET

    U.S.-based employers dialed back layoffs in October from the previous month, Challenger, Gray & Christmas reports.