Business Events Layoffs

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  • CAPE TOWN, Feb 11- From Ebola to Islamist insurgents to social unrest triggered by the global commodity downturn, mining firms operating in West Africa face mounting security challenges, analysts and executives say. "As mining companies lay off employees to protect their balance sheets as a response to the global commodity downturn, there is an increased risk...

  • SEATTLE, Feb 10- Boeing Co said on Wednesday it will cut jobs at its commercial airplane unit, addressing intense pressure to lower costs to compete with rival Airbus even as the aviation industry booms. Boeing Commercial Airplanes Chief Executive Ray Conner announced the move in an employee webcast after the world's biggest aircraft maker saw sales fall and...

  • SAN FRANCISCO, Feb 10- Yahoo Inc announced Wednesday it will lay off 107 employees in the first of what is expected to be more than 1,500 job cuts. The layoffs take effect April 11 and affected employees received 60- day advance notice of the move, Yahoo said in a notice filed with the California Employment Development Department. Yahoo had about 11,000 employees...

  • NEW YORK, Feb 9- The chief investment officer of Apex Capital is departing to launch a new technology-focused hedge fund, causing a restructuring of his old firm, according to a letter sent to Apex clients and a person familiar with the situation. That new firm is SoMa Equity Partners, and will led by current Apex chief investment officer Gil Simon.

  • John Chen, CEO of BlackBerry at CES 2016 in Las Vegas.

    BlackBerry said on Friday that it has laid off 200 employees in California and Florida. The New York Times reports.

  • TORONTO, Feb 5- BlackBerry Ltd is cutting 200 jobs at its hometown headquarters in Ontario and in Florida in order to trim costs, it said on Friday, as the smartphone maker moves to turn around its fortunes and put more emphasis on its enterprise software business. The layoffs will affect 75 manufacturing jobs in Sunrise, Florida, a state government website showed.

  • WASHINGTON, Feb 4- The number of Americans filing for unemployment benefits rose more than expected last week, suggesting some loss of momentum in the labor market amid a sharp economic slowdown and stock market selloff. It looks like the labor market has scaled back its rapid advance last month, "said Chris Rupkey, chief economist at MUFG Union Bank in New York.

  • WASHINGTON, Feb 4- The number of Americans filing for unemployment benefits rose more than expected last week, suggesting some loss of momentum in the labor market amid a sharp economic slowdown and stock market selloff. It looks like the labor market has scaled back its rapid advance last month, "said Chris Rupkey, chief economist at MUFG Union Bank in New York.

  • Stressed unemployed

    Layoffs surged in January to the highest levels since last summer as employers in the retail and energy sectors pulled out the pink slips.

  • Monthly jobs cuts up 218%: Challenger

    John Challenger, Challenger CEO, provides insight to new data on jobs.

  • The company, which makes computer-aided design software, said it expected pre-tax charges of $85 million- $95 million related to the restructuring. The company in November forecast fourth-quarter adjusted profit of between 8- 12 cents per share on revenue of $620- $640 million. Analysts on average were expecting a profit of 10 cents per share on revenue of...

  • The company said it anticipated pre-tax charges of $85 million- $95 million related to the restructuring.

  • Ford Europe slashes jobs to trim costs

    The auto company plans to shed hundreds of jobs in Europe to cut costs by $200 million annually.

  • BERLIN, Feb 3- Ford plans to cut hundreds of white-collar jobs in Europe to reduce costs by $200 million a year and revamp its model line-up as it targets sustainable profitability in the region, the carmaker said on Wednesday. The U.S. company turned a full-year profit of $259 million in Europe in 2015, its first since 2011, helped by a 10- percent gain in vehicle...

  • The Yahoo! website and logo are displayed on laptop computers in Washington, April 15, 2014.

    I've walked away from my buy rating on the stock, says Victor Anthony, Axion Capital Management, weighing in on the challenges ahead for Yahoo and whether CEO Marissa Mayer has run out of time to turnaround the company.

  • The announcement is the strongest sign yet that the board and Chief Executive Marissa Mayer may be willing to sell the struggling Internet business- essentially websites, email and online search- under growing pressure from impatient shareholders. "We believe the strategic plan does not fully address the core issues which have destroyed shareholder value-...

  • Feb 2- Yahoo Inc, under growing pressure from impatient investors, said on Tuesday it would consider "strategic alternatives" for its core Internet business and cut about 15 percent of its workforce, even as it continues with its plan to revamp the business and spin it off. The announcement is the strongest sign yet that Chief Executive Marissa Mayer may be willing...

  • Should Marissa Mayers step down?

    CNBC's Jon Fortt and Adam Grant, Wharton professor, discuss the likelihood of layoffs at Yahoo, Sheryl Sandberg's leadership and Jack Dorsey's full plate.

  • Executive Edge: Yahoo to cut jobs

    The "Squawk Box" news team discusses some of the morning's most provocative headlines, including a report that says Marissa Mayer plans to cut 15 percent of the workforce and close several business units.

  • RCS Capital listed total assets of $2 billion and debts of $1 billion in its Chapter 11 filing in Delaware, court documents showed on Monday. Under the restructuring plan, lenders will inject $150 million into broker-dealer Cetera and ties to Schorsch will be cut by eliminating common shares and some $500 million in preferred stock, court documents showed.