Construction company Saudi Binladin, founded by Osama bin Laden's father, reportedly laid off 50,000 staff, as cheap oil spurs government spending cuts.
As companies announce layoffs in conjunction with earnings, investors should pay more attention to revenue, according to one expert.
The oilfield-services company disclosed it cut six thousand jobs in the quarter ended March 31.
Halliburton said it cut more than 6,000 jobs in the first quarter and said it would hold its earnings conference call on May 3 instead of April 25.
JPMorgan Chase has cut 30 jobs, or 5 percent of its headcount, at its Asia wealth management business, a source with knowledge of the matter said.
Japan's biggest brokerage will slash up to 600 jobs in Europe amd the Americas to focus on its core business.
L Brands plans to restructure its lingerie brand into three units.
Martin Wolf of the Financial Times, discusses how advances in banking technology could prompt huge layoff in the industry. Also Wolf shares his thoughts on the "Brexit" debate.
U.S. employers announced fewer layoffs in March than during the previous month, but job cuts in the first quarter, the Challenger jobs report says.
The planemaker will reduce its workforce in its commercial airplanes business.
PetroChina is “substantially overstaffed,” said Bernstein’s senior oil and gas analyst, Neil Beveridge.
The Swiss banking giant ups its cost cutting efforts amid challenging market conditions.
Credit Suisse Group is stepping up cost cuts including eliminating 2,000 jobs at its Global Markets business.
McKesson is cutting 1,600 jobs, or about 4 percent of its workforce, to slash costs after the company lost some key customers, Bloomberg reported.
Avon Products said it would cut about 2,500 jobs worldwide and shift its corporate headquarters to the UK as part of its three-year turnaround plan.
The restructuring program, now expected to end in December 2017, will result in the reduction of 3,300 to 3,800 positions globally.
Chevron executives could announce several strategic moves today at its analyst day, including plans to reduce employees, reports CNBC's Landon Dowdy.
Layoffs by U.S. companies eased in February from January, but were higher than last year, Challenger, Gray & Christmas reports.
The country aims to tackle industrial overcapacity and curb pollution.
The country works to reduce industrial overcapacity and curb pollution.