NEW YORK— As drivers, shippers and airlines continue to enjoy lower fuel prices, the oil industry is responding to much lower profits with sharp cuts in spending and employment that are hurting economic growth. For instance, Exxon Mobil said Friday it cut spending by $1.54 billion in the second quarter, while Chevron announced it is laying off 1,500 workers.» Read More
Target will shutter 11 stores in the US, more than it has closed in the last two years combined.
HBO is planning to lay off over 150 employees beginning as early as this week, Variety reports.
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.
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.
IBM's pay-to-play memo to employees is disturbing, says career coach Marie McIntyre. Here's some advice for IBM management.
A U.S. meat supplier is laying off most of the workforce of a China subsidiary accused of selling expired meat to KFC, McDonald's and other customers.
IBM's memo to select staff forcing them to take a pay cut and retrain may seem harsh but it makes sense for investors, this hedge-fund manager says.
U.S. employers said they plan to cut about 40,000 positions, according to a survey by Challenger, Gray & Christmas.
U.S. employers planned to cut nearly 50,000 positions in July, Challenger, Gray & Christmas reported Thursday, 50 percent higher than in June.
Apple plans to lay off about 200 people at Beats Electronics, according to Bloomberg, citing a person with knowledge of the restructuring.
The risk of losing your job is getting smaller and smaller.
Microsoft's mangled layoff memo offers a lesson in how to write a crappy, insensitive note to employees, says career coach Marie McIntyre.
Dan Niles, AlphaOne Capital Partners, reacts to Microsoft's restructuring plan that eliminates roughly 14 percent of its workforce. Niles says the money from the layoffs will be reinvested in the business to drive the cloud.
The company said it would cut up to 18,000 jobs and take restructuring charges of up to $1.6 billion.
Microsoft is planning to cut 1,000 jobs in Finland from its mobile phone unit, a Finnish daily said on Wednesday, quoting anonymous sources.
Planned job cuts announced by U.S. companies dropped 41 percent to 31,434 in June, according to a report by Challenger, Gray & Christmas.
Cosmetics maker Avon Products said it would cut about 600 jobs, including in its North America unit, as the company struggles to return to profit.
Six years after the financial crisis, birth rates haven't bounced back. For the economy, that's bad news.
Citigroup has cut 200 to 300 jobs, or about 2 percent of its global markets workforce, the Wall Street Journal reported.
A recent Harvard study suggested that odd fashion choices earn more respect. Former trader Raj Mahal calls BS and says that would never fly on Wall Street!