Business Events Layoffs

  • Sept 19- Twitter Inc said on Monday it would lay off some employees and halt engineering work at one of its development centers in Bengaluru. The company, which also has offices in Mumbai and Delhi, said it would continue to maintain a presence for other operations in the city, which is considered India's technology hub. "Twitter remains committed to India as a...

  • Ray Dalio

    Bridgewater Associates, the world’s largest hedge fund by assets, announces a firm-wide “renovation” that will include employee layoffs.

  • Disney slashes 250 consumer products jobs

    The entertainment company shifts strategy by licensing characters to video-game producers instead of making games itself.

  • ITT's move comes after it said last week it would shut its 137 technical college campuses in 39 states, where roughly 35,000 students are enrolled and 8,000 employees work, as a result of the U.S. Department of Education decision. ITT has hired restructuring consultants Alvarez& Marsal LLC and bankruptcy law firm Faegre Baker Daniels LLP to prepare for the...

  • 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.

  • Apple Headquarters in Cupertino, California

    Apple is rethinking its plans for a self-driving car, just as other big tech companies are plowing ahead, The New York Times reports.

  • 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.