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Layoffs

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  • LONDON, Feb 11- Reckitt Benckiser Group's new cost-saving plan will include some job cuts, its chief executive told reporters on Wednesday, though he declined to say how many. Chief Executive Rakesh Kapoor said the program will look at everything from how employees travel and communicate to how they buy stationary. Reckitt will combine operations in Russia and...

  • NEW YORK, Feb 10- U.S. oil services company Halliburton said on Tuesday it expects to cut potentially more than 6,000 jobs across the globe because a "challenging market environment" resulting from low oil prices. Halliburton, the latest in a growing list of major oil industry companies laying off workers because of a worldwide glut of crude, said it expects to let...

  • NEW YORK, Feb 10- U.S. oil services giant Halliburton said it expects to cut between 6.5 percent to 8 percent of its global workforce due to the "challenging market environment" caused by low oil prices. Halliburton says impacts of layoffs will be across all company operations. Oil prices have halved since June due to a global glut of oil, forcing many firms to cut...

  • *Pakistan, like South Korea, has seen many branch closings. HONG KONG, Feb 9- Standard Chartered Plc will shift its retail banking focus to affluent clients from ordinary customers and urge them to bank online as part of a broader restructuring led by embattled CEO Peter Sands, a senior executive told Reuters. The costs cuts and the shift to wealthy clients in Asia,...

  • MUNICH/ FRANKFURT, Feb 6- Siemens Chief Executive Joe Kaeser applied the finishing touches to his overhaul of the German industrial group with the announcement on Friday of 7,800 job cuts designed to streamline management and speed decision-making. The roughly 2 percent cut to the trains-to-turbines group's global workforce will generate productivity...

  • Layoffs hit nearly 2-year high in Jan: Challenger Thursday, 5 Feb 2015 | 7:58 AM ET
    Pink slip job cut

    Employers cut 53,041 jobs in January, led by energy sector layoffs, Challenger, Gray & Christmas reported.

  • Weatherford to cut 5,000 jobs as it fights oil slump Thursday, 5 Feb 2015 | 7:41 AM ET
    Weatherford International signage

    Weatherford plans to cut 5,000 jobs by the end of the first quarter as it tries to save costs amid sinking oil prices and budget cuts.

  • Weatherford to cut 5,000 jobs as it fights oil slump Thursday, 5 Feb 2015 | 12:49 AM ET

    Feb 5- Weatherford International Plc plans to cut 5,000 jobs, or about 9 percent of its workforce, by the end of the first quarter as the oil services company tries to save costs amid sinking oil prices and budget cuts. Schlumberger NV, the world's largest oilfield services provider, is laying off 9,000 employees, while Baker Hughes Inc is reducing its headcount by...

  • *FY op profit down 14 percent to $6.5 billion. *Net earnings down 8 percent to $4 billion. LONDON, Feb 3- BG Group Plc has written $6 billion off the value of its oil and gas business in the fourth quarter to reflect the slump in the price of oil, forcing it to cut budgets and jobs this year.

  • HOUSTON— Oil services company Baker Hughes Inc. will lay off about 7,000 workers as it prepares for a downturn in orders because of the plunge in crude prices, the company said Tuesday. The layoffs represent about an 11 percent cut to the 62,000- plus workers Baker Hughes says it employs worldwide. Oil services rival Halliburton had announced in November it...

  • Halliburton, Baker Hughes see a tough 2015 Tuesday, 20 Jan 2015 | 10:22 AM ET
    Halliburton oil fracking

    Baker Hughes and Halliburton posted better-than-expected profits, but warned that a drop in drilling due to weak oil prices would hurt results in 2015.

  • 7 habits of highly successful businesses Monday, 12 Jan 2015 | 11:40 AM ET
    Stock chart

    Here are 7 ways market leaders stay ahead of the competition — and ahead of the curve.

  • 2014 saw fewest job cuts since 1997: Challenger Thursday, 8 Jan 2015 | 7:41 AM ET
    Job cuts pink slip

    The number of planned layoffs by U.S. employers fell 9.2 percent in December, capping off a year that saw the fewest job cuts since 1997.

  • Atlantic City is eager for this after its worst year Monday, 29 Dec 2014 | 8:17 AM ET
    The Showboat Casino in Atlantic City, New Jersey.

    Few people are more eager to see the clock strike midnight on Dec. 31 than Atlantic City casino workers who still have jobs there.

  • Companies face looming war for talent: Challenger Thursday, 4 Dec 2014 | 9:20 AM ET
    Pink slip job cut

    Higher wages and a war for talent are on the horizon as companies compete for a shrinking pool of skilled labor, John Challenger says.

  • Planned layoffs surge 70 percent in October Thursday, 6 Nov 2014 | 7:30 AM ET
    Job cuts pink slip

    The number of planned layoffs by U.S. employers surged nearly 70 percent in October, according to a report by Challenger, Gray & Christmas.

  • Target marks 11 underperforming stores for closure Tuesday, 4 Nov 2014 | 5:13 PM ET
    Target store

    Target will shutter 11 stores in the US, more than it has closed in the last two years combined.

  • HBO to lay off about 7% of workers: Report Tuesday, 28 Oct 2014 | 10:34 AM ET
    Richard Plepler, HBO Chief Executive Officer

    HBO is planning to lay off over 150 employees beginning as early as this week, Variety reports.

  • Number of planned job cuts sinks to 14-year low Thursday, 2 Oct 2014 | 10:31 AM ET
    Worker jobs

    The number of planned layoffs by U.S. employers fell to a 14-year low in September, according to a report by Challenger, Gray & Christmas.

  • Six tips for unemployed executives Thursday, 25 Sep 2014 | 2:35 PM ET
    Find job button on keyboard

    There is no shame in being unemployed—even if you're an executive. So shake the stigma and check out these tips from a headhunter.