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.
Xerox's total costs declined 6 percent to $4.24 billion. This included restructuring and related charges of $71 million, less than the $100 million the company had estimated in April. Xerox said it expected one-time pretax separation costs of $175 million- $200 million, lower than the $200 million- $250 million it had estimated earlier.
The software giant plans to reduce its workforce by 4-percent over the next 12-months.
Microsoft said it would cut about 2,850 more jobs over the next 12 months, for total planned job cuts of 4,700, or about 4 percent of its workforce.
Chris Caso, CLSA, breaks down Intel's quarterly numbers and weighs in on the company's growth plan as the PC has "failed to evolve."
Layoffs by U.S. employers ticked up in June, but total payroll reductions for 2016 are trailing off, Challenger, Gray & Christmas reports.
Tesla, Micron and Nike are making headlines this Friday morning on Wall Street.
Seagate Technology said it would cut about 1,600 jobs, or 3 percent of its workforce, as the company looks to rein in costs amid waning demand.
The bank confirmed that it will shut a quarter of its German branches as it cuts costs and revamps retail banking.
The retail giant plans to cut hundreds of accounting and invoicing jobs at 500 US stores.
The bank is planning to reduce headcount at its retail branches and reinvest into the sales force.
As many as 8,000 jobs are set to go at Bank of America's consumer arm as the digital banking revolution reduces the need for staff and bank tellers.
Oil and Gas UK claims a large number of workers in the industry and those that rely on the sector have lost their jobs due to the prolonged crude rout.
Shares of SodaStream gained after reports that Keurig was discontinuing its Kold product line and laying off employees.
U.S.-based employers announced the fewest layoffs in five months in May as job cutting fell significantly across several sectors.
London Stock Exchange Group said its planned $30 billion merger with German rival Deutsche Boerse could result in 1,250 job cuts across the combined group.
After deep cuts at big banks to begin 2016, there’s a hint of optimism in executives’ tone.
The oil and gas giant is now planning to increase the number of layoffs by 20-percent.
The software giant announces another round of layoffs as smartphone sales continue to fall.