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Business Events Layoffs

  • Construction workers build a single-family home in San Diego.

    John Challenger, Challenger, Gray & Christmas, breaks down the latest data on labor.

  • BERLIN, April 4- Commerzbank AG, Germany's second-largest bank, has informed its works council that 7,800 jobs will be cut in Germany as part of a restructuring announced last year, the Handelsblatt newspaper reported on Tuesday. Citing an internal document from the works council, Handelsblatt said the cuts would affect almost every part of the bank and said...

  • April 4- Ralph Lauren Corp said on Tuesday it would cut jobs and shut its flagship Polo store on Fifth Avenue in New York City, among other office and store locations, as part of a cost-cutting plan. The New York- based retailer also said on Tuesday that it would integrate its products from the Fifth Avenue store into the Ralph Lauren men's and women's flagship stores...

  • April 4- Ralph Lauren Corp said on Tuesday it would cut jobs and shutter some office and store locations, including its flagship Polo store on Fifth Avenue, New York City, as part of a cost-cutting plan.

  • LONDON, April 3- Nine years after the beginning of a 45- billion-pound bailout by the British government, Royal Bank of Scotland is emerging from its restructuring process a shadow of what was once the biggest lender in the world. RBS had a balance sheet of 2.4 trillion pounds in 2008- almost double Britain's annual economic output at the time- having staged a...

  • LONDON, April 3- Nine years after the beginning of a 45- billion-pound bailout by the British government, Royal Bank of Scotland is emerging from its restructuring process a shadow of what was once the biggest lender in the world. RBS had a balance sheet of 2.4 trillion pounds in 2008- almost double Britain's annual economic output at the time- having staged a...

  • LONDON, April 3- Nine years after the beginning of a 45- billion-pound bailout by the British government, Royal Bank of Scotland is emerging from its restructuring process a shadow of what was once the biggest lender in the world. RBS had a balance sheet of 2.4 trillion pounds in 2008- almost double Britain's annual economic output at the time- having staged a...

  • LONDON, April 3- Nine years after the beginning of a 45- billion-pound bailout by the British government, Royal Bank of Scotland is emerging from its restructuring process a shadow of what was once the biggest lender in the world. RBS had a balance sheet of 2.4 trillion pounds in 2008- almost double Britain's annual economic output at the time- having staged a...

  • MONTREAL/QUEBEC CITY, March 30- Bombardier Inc should reflect on pay raises of up to 50 percent for its senior executives in light of a public backlash over company layoffs of thousands of employees, Quebec's economy minister said on Thursday. Total compensation for the Canadian plane and train maker's top five executives and board chairman rose to $32.7...

  • Merrill Lynch is trimming its wealth management division

    Merrill Lynch Wealth Management is revamping its leadership structure.

  • March 29- Amazon.com Inc plans to cut 263 jobs at its money-losing parenting products unit Quidsi this summer as part of a business restructuring, it said in a notice filed with New Jersey on Wednesday. The New Jersey- based subsidiary operates Diapers.com, Soap.com and other websites. Amazon's stock briefly hit a record high of $876.44 before closing at $874.32.

  • March 29- Amazon.com Inc plans mass layoffs at its money-losing parenting products subsidiary Quidsi as part of a business restructuring, the company said in a document filed with the state of New Jersey on Wednesday. The e-commerce giant plans to terminate 263 employees in New Jersey this summer, according to a notice filed with the state's Department of...

  • STOCKHOLM, March 28- An attempt by Ericsson's new chief executive to lay out his strategy for the Swedish telecoms equipment maker backfired on Tuesday when it exposed problems related to some of its main contracts. Chief Executive Borje Ekholm, who took charge only in January, announced up to $1.7 billion in provisions, writedowns and restructuring costs to be...

  • Number of layoffs fall 19% last month: Report

    Andy Challenger, Challenger, Gray & Christmas, sifts through the latest data on jobs in America.

  • ESPN to lay off some reporters, anchors -Source

    CNBC's Julia Boorstin reports that sports media giant EPSN is set to lay off some forward-facing talent.

  • Goldman Sachs

    Technology whizzes who helped Goldman Sachs eliminate hundreds of trading jobs over the past few years are venturing into the bank's flagship M&A business, making some junior bankers uneasy.

  • The company said it will restructure in 2017 — a plan that would include a 13 percent reduction in its workforce, affecting 260 employees.

  • Paychex IHS Jobs Index up 0.13% in January

    Marty Mucci, Paychex CEO, breaks down new data on the state of small business in America.

  • James Park, chief executive officer of Fitbit Inc.

    The "Squawk on the Street" crew discusses the news that wearable maker Fitbit has announced it is cutting jobs and trimming its fourth quarter forecast.

  • Fitbit to trim workforce and report earnings miss

    The company will slash up to 10-percent of its workforce and disclose lower-than-expected fourth-quarter results, according to The Information.