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Union Pacific To Lay Off 200 In Oregon
Friday, May 24, 2019 - 5:10pm | 368Read More...Union Pacific (NYSE: UNP) announced this week it would lay off almost 200 employees in eastern Oregon as part of a series of cuts the railroad is making in order to boost profits. The bulk of the layoffs are taking place at a railyard in the city of Hermiston. The yard will close. Additional...
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Ford To Lay Off 7,000 As Part Of Major Restructuring, 500 In U.S.
Monday, May 20, 2019 - 5:47pm | 198Read More...Ford Motor Co. (NYSE: F) will cut about 7,000 white-collar jobs, about 500 of them this week in the U.S., as part of a major restructuring designed to save the automaker about $600 million per year. About 1,500 salaried U.S. employees left the company through voluntary buyouts that began last year...
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Jack Cooper Transport Announces Mass Layoff
Monday, February 25, 2019 - 12:40pm | 348Read More...Jack Cooper Transport Company has announced its intention to stop yard management operations and lay off 425 employees at its Louisville, Kentucky terminal. The Missouri-based company has 57 terminals across the U.S. and Canada. Jack Cooper provides automotive and logistics services to original...
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Have You Ever Wondered How Companies Like Apple And Facebook Fire Employees?
Tuesday, May 10, 2016 - 1:53pm | 487Read More...A recent discussion on Quora focused on the layoff process at large tech companies like Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL), Apple Inc. (NASDAQ: AAPL) and Facebook Inc (NASDAQ: FB). Several commenters contributed to the discussion with their personal insights into the process. 3 Snapshots L...
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Microsoft: Time To 'Sell The News'?
Thursday, July 17, 2014 - 3:42pm | 717Read More...When Microsoft (NASDAQ: MSFT) rallies a point and half in one trading session and then attempts to rally nearly another two points in premarket trading the following day, one has to wonder if it is time to sell the news. Beside the bullish comments by Morgan Stanley analyst Keith Weiss on...
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Job Cuts Higher in October; Pharmaceutical & Financial Sectors Took Biggest Hits
Wednesday, November 6, 2013 - 4:09pm | 723Read More...Another indication that while the overall economy may be recovering, the American workforce is still finding it difficult to stay fully employed. Data released Wednesday by the outplacement consulting firm Challenger, Gray & Christmas reports the nation's employers announced plans to cut 45...
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BBVA Lowers Staff In Asia
Tuesday, January 3, 2012 - 8:23am | 67Read More...Spain's Banco Bilbao Vizcaya Argentaria SA (NYSE: BBVA) cut about a third of its global-markets staff in Asia bank. The bank has lowered wholesale banking staff by 150. The bank laid off about 29 employees at its Singapore, Hong Kong and Japan offices in December, according to a person familiar...
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Bank Layoffs Continue: UBS Cuts 3,500 Jobs
Tuesday, August 23, 2011 - 6:28am | 229Read More...Swiss bank UBS (NYSE: UBS) announced plans Tuesday to cut approximately 3,500 jobs in its global workforce, as the wave of cost-cutting initiatives continues through Wall Street. The layoffs are part of a measure to save the bank 2 billion Swiss francs, or about $2.5 billion. UBS expects to see...
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HSBC to Cut 30,000 Jobs by 2013
Monday, August 1, 2011 - 6:19am | 202Read More...Europe's largest bank, HSBC Holdings PLC (NYSE: HBC), announced Monday a cost-saving initiative to cut 30,000 jobs from its workforce by 2013. First half earnings were announced, with the bank reporting net income of $9.22 billion. Commercial Banking profits were up 31% for the half, but the deep...
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Cisco Announces Additional Detail of Workforce Reduction of 6,500
Tuesday, July 19, 2011 - 6:35am | 231Read More...Cisco Systems (NASDAQ: CSCO) provided additional detail Monday about its plans to reduce its global workforce by 6,500 employees - part of an effort to save $1 billion in annual operating expenses. The reduction would equate to 9% of Cisco's regular full-time employees. The technology company has...
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Banks Cutting Back: UBS Reportedly to Lay Off 5,000 Employees, Credit Suisse 1,000
Thursday, July 14, 2011 - 6:46am | 223Read More...International banks have initiated plans to cut expenses broadly, and employees of two major banks, UBS (NYSE: UBS) and Credit Suisse (NYSE: CS), appear to be on the chopping block. Two Swiss newspapers reported Thursday that UBS is planning to cut 5,000 jobs, while Credit Suisse will cut 1,000....
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Network Giant Cisco Could Cut 10,000 Jobs: Report
Tuesday, July 12, 2011 - 6:03am | 247Read More...Cisco Systems, Inc. (NASDAQ: CSCO), the leader in networking equipment, is considering cuts to its workforce that could number as many as 10,000 people, two people familiar with the matter told Bloomberg. The proposed cuts, which could amount to 14% of its workforce, would be enacted in order to...
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Layoffs in U.S. Hit Lowest Rate Since 2000
Wednesday, July 6, 2011 - 3:50pm | 332Read More...A monthly survey by Challenger, Gray & Christmas revealed that the present rate of layoffs in the U.S. has not been this low since the year 2000. This eleven-year-low could signal the beginning of a turnaround, or at least a stabilizing period for the U.S. employment numbers. The report also...
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Adolor Corporation Announces Restructuring (ADLR)
Thursday, July 15, 2010 - 4:36pm | 32Read More...Adolor Corporation (Nasdaq: ADLR) today announced a reduction in force of 30 employees, or nearly 30% of its workforce, as well as other cost saving initiatives.
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Jobless Claims Increase While Planned Layoffs Decrease
Thursday, October 1, 2009 - 8:54am | 53Read More...Government data showed a mostly negative picture of the job market today. Planned layoffs did edge down about 10,000 from August to September, but initial jobless claims increased from 534,000 the prior week to 551,000 for the week ending September 26th. This number was somewhat worse than...
