Business Events Layoffs

  • 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.

  • SAO PAULO, Aug 25- A voluntary layoff program at state-run oil company Petroleo Brasileiro SA has been accepted by 6,100 employees, a source with direct knowledge of the matter told Reuters. The number may rise by month-end, the deadline for the plan proposed by the oil giant known as Petrobras. Around 12,000 employees, or 21 percent of its workforce, are eligible.

  • 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.

  • Aug 24- HP Inc, the hardware business of the former Hewlett-Packard Co, reported higher-than-expected quarterly revenue and profit as demand recovered for its notebooks. However, HP forecast current-quarter profit below analysts' estimates, reflecting weak sales of its printers as companies cut costs across industries. "The markets remaining challenging...

  • Layoffs in techland surge

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

  • The U.S. farm economy is in its third down year, with the U.S. Department of Agriculture forecasting a 3 percent drop in nationwide income to $54.8 billion in 2016. About 2,000 employees in its Midwestern factories have been on indefinite layoff since 2014, spokesman Ken Golden said. Net income fell 4.5 percent to $488.8 million in the third quarter ended on July...

  • The U.S. farm economy is in its third down year, with the U.S. Department of Agriculture forecasting a 3 percent drop in nationwide income to $54.8 billion in 2016. About 2,000 employees in its Midwestern factories have been on indefinite layoff since 2014, spokesman Ken Golden said. Net income fell 4.5 percent to $488.8 million in the third quarter ended on July...

  • Aug 18- Caterpillar Inc said on Thursday it would explore options, including a possible divestiture for some of its mining products, and would stop taking orders for machinery specific to underground soft rock mining. Chief Executive Office Doug Oberhelman said last month he was not expecting an upturn in mining or oil in 2016.. Some of the natural fits have also...

  • Aug 18- Caterpillar Inc, the world's No. 1 maker of construction and mining equipment, said on Thursday it would explore options, including a possible divestiture, for some of its mining products. The company said it expects to cut up to 155 jobs in the room and pillar business, which caters to underground soft rock mining customers. Caterpillar said it would also...

  • Cisco CEO on layoffs

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

  • Cisco beats Streets and cuts jobs

    Brian White, Drexel Hamilton, breaks down Cisco's quarterly numbers which beat on the top and bottom line, and weighs in on the company's restructuring plans which includes layoffs of up to 5,500 jobs.

  • NEW YORK, Aug 17- Cisco Systems Inc's announcement on Wednesday that it plans to lay off 5,500 employees is unlikely to be the last round of Silicon Valley pink slips as hardware companies struggle to keep up with rapid technology shifts, analysts and recruiters said. Dell Inc said in January it had shed 10,000 jobs and is expected to make further cuts after it...

  • Cisco Systems Inc.

    The company said it expects to reinvest the cost savings from its restructuring plan into key priority areas.

  • Aug 17- Cisco Systems Inc reported a 2 percent drop in quarterly revenue and said it would lay off up to 5,500 employees, or nearly 7 percent of its workforce, as the world's largest networking gear maker struggles with sluggish demand for its main switching and routing business. However, the company's net profit rose to $2.81 billion, or 56 cents per share, in the...

  • Aug 17- Cisco Systems Inc is laying off about 14,000 employees, representing nearly 20 percent of the network equipment maker's global workforce, technology news site CRN reported, citing sources close to the company. Cisco, which is due to report fourth-quarter results later on Wednesday, is expected to announce the cuts within the next few weeks, the report...

  • Layoffs imminent at Cisco?

    CNBC's Jon Fortt gives the latest info on the report that Cisco is set to layoff about 14,000 employees.

  • Aug 17- Cisco Systems Inc is laying off about 14,000 employees, representing nearly 20 percent of the network equipment maker's global workforce, technology news site CRN reported, citing sources close to the company. Cisco, which is due to report fourth-quarter results later on Wednesday, is expected to announce the cuts within the next few weeks, the report...

  • Aug 17- Cisco Systems Inc is laying off about 14,000 employees, representing nearly 20 percent of the network equipment maker's global workforce, technology news site CRN reported, citing sources close to the company. Cisco, which is due to report fourth-quarter results later on Wednesday, is expected to announce the cuts within the next few weeks, the report...

  • Cisco to lay off 14K workers

    The network equipment maker is expected to cut nearly 20-percent of its workforce over the next few weeks.