×

Business Events Layoffs

  • Disney

    Disney cut 5 percent of its consumer products and digital media staff, the latest in a series of belt-tightening moves by the entertainment giant.

  • NEW YORK, Sept 9- U.S. oil refiners, beset by the weakest profit margins in six years, have been laying off workers, revamping operations and ratcheting up pressure on regulators and lawmakers to tweak the renewable fuel program, whose costs have ballooned. They spent $1.1 billion on the credits in the first half of the year, just short of a record $1.3 billion in all of...

  • Sept 8- Dell Technologies, which completed the acquisition of data storage company EMC Corp on Wednesday, will cut 2,000-3,000 jobs, Bloomberg reported. Most of the job cuts will be in the United States, Bloomberg reported on Thursday, citing people familiar with the matter. The layoffs will be mainly in supply chain, marketing and general and administrative...

  • Sept 8- Dell Technologies, which completed the acquisition of data storage company EMC Corp on Wednesday, will cut 2,000-3,000 jobs, Bloomberg reported. Most of the job cuts will be in the United States, Bloomberg reported on Thursday, citing people familiar with the matter. Dell, which was taken private by founder Michael Dell along with private equity firm...

  • DUBAI/ RIYADH, Sept 8- The Saudi Arabian government has ended talks aimed at saving construction giant Saudi Oger, which is now facing the prospect of a multi-billion-dollar debt restructuring to stave off collapse, according to sources aware of the matter. Oger, owned by the family of former Lebanese Prime Minister Saad Hariri, was one of two mega-contractors...

  • *Saudi priorities seen shifting away from Lebanon. The troubles at Saudi Oger have led to a cash crunch and layoffs in Lebanon's Future Movement, the political party built with Saudi backing by the late statesman Rafik al-Hariri and now led by his son, Saad. The party's woes have led many analysts in Lebanon to ask whether Riyadh may be cutting its losses in a...

  • Harley-Davidson plans to cut about 200 positions as the company adjusts its production schedule due to a lower forecast for motorcycle shipments.

  • Sept 1- Wal-Mart Stores Inc said on Thursday it will cut about 7,000 back-office jobs, mostly in accounting and invoicing positions at its U.S. stores, continuing a program it announced in June of cutting such jobs on the West Coast. Wal-Mart has also committed to investing $2.7 billion in programs that involve training its workforce and a series of wage hikes...

  • WASHINGTON, Sept 1- U.S. factory activity contracted in August for the first time in six months as new orders and production tumbled, but a low level of layoffs continued to point to a pickup in economic growth in the third quarter. "Today's disappointing number further weakens the case for a rate hike later this month, but we currently see no reason to change our Fed...

  • Wal-Mart

    Wal-Mart is eliminating accounting and invoicing roles at 500 locations in the Western region of the United States.

  • Sept 1- Wal-Mart Stores Inc will cut about 7,000 back-office jobs, mostly in accounting and invoicing positions at its stores around the country, the Wall Street Journal reported on Thursday. Wal-Mart, the largest private employer in the United States, is eliminating positions that manage an individual store's daily cash flow or process claims from...

  • Harley-Davidson plans to slash 200 jobs

    The motorcycle company will lay off hundreds of workers in the fall following sluggish sales this spring.

  • WASHINGTON, Sept 1- U.S. factory activity contracted in August for the first time in six months as new orders and production tumbled, but a low level of layoffs continued to point to a pickup in economic growth in the third quarter. "Today's disappointing number further weakens the case for a rate hike later this month, but we currently see no reason to change our Fed...

  • *Weekly jobless claims rise 2,000. WASHINGTON, Sept 1- The number of Americans filing for unemployment benefits rose less than expected last week, pointing to sustained labor market strength that could push the Federal Reserve closer to raising interest rates. Initial claims for state unemployment benefits increased 2,000 to a seasonally adjusted 263,000...

  • Job cuts decline in August

    John Challenger, CEO at Challenger, Gray & Christmas, weighs in on his firm's survey of job cuts which shows that employers cut 32,188 jobs in August, the second-lowest reading of the year.

  • Pedestrians walk past the New York Stock Exchange in New York.

    The number of layoffs announced by U.S.-based companies fell in August to the lowest level since May, Challenger, Gray & Christmas reports.

  • Truck crash

    Anheuser-Busch InBev expects to cut some 3 percent of its workforce after it has acquired rival SABMiller.

  • A man passes a Hewlett Packard display at a technology conference in Chicago.

    HP Inc. reported higher-than-expected quarterly revenue and profit as demand recovered for its notebooks.

  • Layoffs in techland surge

    Roger Kay, Endpoint Technologies, discusses the cuts in tech jobs as the industry shifts from hardware to software-based development.

  • Cisco CEO on layoffs

    Cisco CEO Chuck Robbins discusses the company's decision to downsize its workforce.