Business Events Layoffs

  • Paul Tudor Jones

    The hedge fund Tudor Investment is undergoing a series of layoffs, in a headcount reduction that could amount to more than 20 percent of the staff.

  • BOSTON, Aug 16- Billionaire hedge fund manager Paul Tudor Jones on Tuesday laid off roughly five dozen employees, or about 15 percent of his workforce, a person familiar with the moves said on Tuesday, in the wake of poor returns and investor redemptions. The cuts were made across the board at Tudor Investment Corp, which oversees roughly $11 billion for wealthy...

  • The financial district in London.

    It’s a matter of when, not if, the U.K. leaves the EU. But it’s probably not going to go the way the pundits have predicted.

  • *Q1 op profit Y20.1 bln vs Y6.5 bln loss year prior. TOKYO, Aug 12- Toshiba Corp on Friday said extensive restructuring helped the Japanese conglomerate swing to its first operating profit in six quarters, signalling recovery from a $1.3 billion accounting scandal that unmasked underperforming operations. That compared with a year-earlier loss of 6.5 billion...

  • BEIJING, Aug 11- China's plan to reduce its excess coal output capacity has fallen behind with leading producing provinces yet to cut, as Beijing acts on over supply damaging coal companies, the National Development and Reform Commission said on Thursday. China said in February it expected to lay off 1.8 million workers in the coal and steel industries, or about...

  • SunPower CEO voluntarily cuts his salary to just $1

    Company chief executive Tom Werner announces he will take home a cash salary and bonus of $1-dollar this year.

  • WASHINGTON, Aug 10- U.S. job openings increased in June and layoffs dropped to their lowest in nearly two years as labor market conditions tightened further, according a government report on Wednesday. The Labor Department's monthly Job Openings and Labor Turnover Survey report also suggested a growing skill shortage, which has been highlighted by...

  • Wall Street pedestrians

    After hitting new post-crisis highs, financial services gigs in New York look set to backslide next.

  • TORONTO, Aug 9- The publisher of one of Canada's biggest-circulation daily newspapers laid off 45 Toronto Star newsroom employees, according to a company memo sent on Tuesday. "We are today announcing further staff reductions affecting 22 regular employees, including 19 in the Toronto Star newsroom," acting Star publisher David Holland wrote in a memo to staff...

  • SunPower reported a net loss attributable to shareholders of $70 million, or 51 cents per share, in the second quarter ended July 3, compared with a profit of $6.5 million, or 4 cents per share, a year earlier. Excluding one-time items, the company lost 22 cents per share. The company, majority owned by French energy giant Total SA, said revenue rose 10.3 percent to...

  • NEW DELHI, Aug 5- State-run Steel Authority of India Ltd has earmarked 40 billion rupees for capital expenditure in the 2016/ 17 fiscal year and expects its annual sales to grow by more than 10 percent. SAIL, India's biggest state-owned steel company, is trying to cut costs by producing more from its new efficient units and by adding value to its product line,...

  • Chief Financial Officer Michael Berry told Reuters that the job cuts were part of a restructuring effort that will reduce annual costs by about $80 million. The whole remediation was more complex "when the company was responding to large numbers of state-sponsored hacks from China, he said. FireEye cut its full-year revenue forecast to $716 million- $728...

  • The company cut its full-year revenue forecast to a range of $716 million to $728 million, down from its previous target of $780 million to $810 million. It reported second-quarter revenue of $175 million, missing its own projection of $178 million to $185 million. Chief Executive Kevin Mandia said that was due to a shift away from previous years where there were...

  • Aug 4- Cybersecurity firm FireEye Inc said it planned to layoff 300 to 400 of its 3,400 workers as it announced quarterly sales on Thursday that missed its own forecast and the company also cut its full-year outlook. Chief Financial Officer Michael Berry told Reuters that the job cuts were part of a restructuring effort that will reduce annual costs by about $80...

  • *Weekly jobless claims increase 3,000. WASHINGTON, Aug 4- The number of Americans filing for unemployment benefits unexpectedly rose last week, while renewed job cuts in the energy sector boosted layoffs announced by U.S.-based employers in July. For two months now, new orders for mining and oil and gas field equipment were up, "said Joel Naroff, chief economist at...

  • *Posts revenue of $769 mln vs est $782.5 mln. Chief Financial Officer Jeff Bairstow said the forecast included the adverse impact of the restructuring of its sales and marketing divisions and Britain's vote to leave the European Union. Time plans to lay off about 110 of its employees to focus on the reorganization of its sales and marketing divisions, the Wall...

  • WASHINGTON, Aug 4- The number of Americans filing for unemployment benefits unexpectedly rose last week, while renewed job cuts in the energy sector boosted layoffs announced by U.S.-based employers in July. Initial claims for state unemployment benefits increased 3,000 to a seasonally adjusted 269,000 for the week ended July 30, the Labor Department said.

  • WASHINGTON, Aug 4- The number of Americans filing for unemployment benefits unexpectedly rose last week, while renewed job cuts in the energy sector boosted layoffs announced by U.S.-based employers in July. Initial claims for state unemployment benefits increased 3,000 to a seasonally adjusted 269,000 for the week ended July 30, the Labor Department said...

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

    The pace of layoffs announced by U.S.-based companies rose for a second-straight month in July.

  • PARIS, Aug 2- French telecoms operator SFR aims to reach an agreement with unions this week on severance pay for 5,000 job cuts, a union official said on Tuesday. The redundancy package averages 2.5 months of salary per year of service, Abdelkader Choukrane, an official for UNSA, SFR's biggest union, said confirming an earlier report by Reuters.