Job Cut

  • HP may cut up to 16,000 more jobs 23-05-2014 07:12 AM

    San Francisco: Hewlett-Packard plans to cut as many as 16,000 more jobs in a major ramp-up of CEO Meg Whitman's years-long effort to turn around the personal computer maker and relieve pressure on its profit margins. Whitman said the turnaround remained on track and her raised target reflected how HP...
  • Intel to cut more than 5,000 jobs in 2014 18-01-2014 11:54 AM

    San Francisco: Intel plans to trim more than 5,000 jobs from its workforce this year in an effort to boost its earnings amid waning demand for its personal computer chips. The Santa Clara, California, company confirmed the job cuts Friday, the day after Intel Corp. reported its profit and revenue...
  • HP confirms higher layoffs; 5,000 workers expected to lose jobs by Oct 2014 01-01-2014 10:48 AM

    Palo Alto: Personal computer giant Hewlett-Packard Co. has confirmed that it expects layoffs at the upper end of a range that it outlined earlier this year, with 5,000 more workers than originally planned expected to lose jobs by October 2014. The company said in a securities filing Monday that "continued...
  • Alcatel-Lucent plans layoff, to cut 10,000 jobs worldwide: Reports 08-10-2013 09:40 AM

    Paris: Telecom equipment maker Alcatel-Lucent plans to reduce its staff by 10,000 as part of a cost-cutting drive to save 1 billion euros ($1.4 billion) by 2015, Les Echos and Le Figaro newspapers reported on their websites on Monday. The group, which employs 72,000 staff worldwide, will axe 15,000 posts...
  • Toshiba to cut 3,000 staff in ailing TV division 30-09-2013 06:13 PM

    Tokyo: Toshiba Corp said on Monday it would cut 50 per cent of staff in its loss-making TV unit and cease production at two of its three overseas factories before the end of this fiscal year. Toshiba said it would increase outsourced production to 70 per cent from 40 percent...
  • Google's Motorola aims to hire Blackberry employees 28-09-2013 11:17 AM

    Toronto: With Blackberry Ltd shedding staff in its hometown of Waterloo, Ontario, other tech companies, including Google Inc's Motorola Mobility unit, are moving to take advantage of a growing pool of local talent. Motorola Mobility said on Thursday it plans to set up a new hub in Waterloo, located about...
  • BlackBerry plans job cuts, could cut 40 per cent of workforce: Report 19-09-2013 11:23 AM

    New York: Struggling smartphone maker BlackBerry could cut its workforce by up to 40 per cent by the end of the year, The Wall Street Journal reported Wednesday. Citing unidentified people familiar with the matter, the newspaper said that the Canadian company plans to make the cuts through layoffs that...
  • Tata Steel to shut UK technology centres, job cuts expected 29-04-2013 12:36 PM

    London: Steel giant Tata Steel has reportedly warned the British government that it plans to shut down two research and development facilities in the country and shift them overseas including to India, resulting in 300-400 job cuts in the UK. In a move that will be seen as a major...
  • Struggling Fujitsu to cut 5,000 jobs 11-02-2013 11:24 AM

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  • Nokia to cut over 1000 IT jobs 17-01-2013 02:10 PM

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  • 10 global companies cut one lakh jobs in 2012 09-12-2012 12:57 PM

    New York: With an aim to save costs in troubled economic times, just 10 companies together have announced nearly one lakh job cuts worldwide since start of 2012 and they include giants like HP, Google and Citigroup. While these companies come from a wide array of businesses, the reason behind...
  • Panasonic prepares for garage sale, to axe 10,000 jobs 14-11-2012 05:51 PM

    Kadoma: About a fifth of Panasonic Corp's 88 business units are losing money and only half so far meet a target for at least 5 per cent operating margin, the Japanese electronics group's finance chief said in an interview on Wednesday. Hideaki Kawai said the country's biggest commercial employer will...
  • Sharp may cut 5,000 jobs worldwide 02-08-2012 08:31 AM

    Tokyo: Japan's Sharp Corp is considering cutting 5,000 jobs globally, or just under 10 per cent of its consolidated workforce, a source close to the matter said on Thursday. The job cuts will be sought through early retirement and will also include reductions resulting from a plan to hive off...
  • Asia's investment banks launch round of job cuts 25-06-2012 10:57 AM

    Hong Kong: Investment banks and brokerages across Asia have launched a sweeping round of job cuts as Europe's debt crisis and China's economic slowdown bite into the region's financial activity. Speaking to bankers and other industry sources, Reuters was able to confirm at least 50 people were let go in...
  • HP may cut up to 1,000 jobs in Germany: Report 24-06-2012 09:14 AM

    Berlin: Hewlett Packard, the world's largest personal computer maker, may cut as many as 1,000 jobs in Germany as part of planned European-wide redundancies, WirtschaftsWoche reported, citing an unnamed staff representative. HP is planning to cut about 8,000 positions in Europe by the end of 2014, the German magazine said,...
  • Struggling BlackBerry maker RIM begins job cuts 21-06-2012 09:32 AM

    Toronto: Struggling BlackBerry maker Research In Motion said Wednesday it has started laying off employees as part of a restructuring plan aimed at saving about $1 billion this year. RIM said in May that there would be "significant layoffs" this year. On Wednesday, the Waterloo, Ontario-based company said it has...
  • Multinationals announce 71,000 job cuts globally 17-06-2012 04:52 PM

    New York: A whopping 71,000 job cuts have been announced worldwide by more than a dozen multinationals, including HP and Nokia, so far this year as they attempt to save costs amid uncertain economic environment. The cuts have been announced by companies from various sectors, during the first six months...
  • Nokia to cut 10,000 jobs globally 14-06-2012 12:41 PM

    Paris: Loss-making Finnish cellphone maker Nokia plans to cut another 10,000 jobs globally and warned the second-quarter loss from its cellphone business would be larger than expected. The cuts bring total planned job cuts at the group since Stephen Elop took over as chief executive in September 2010 to more...
  • Yahoo CEO outlines new corporate structure 11-04-2012 12:18 PM

    California: A week after announcing a painful round of job cuts, Yahoo CEO Scott Thompson unveiled a plan Tuesday that will reorganise the company into three main divisions focused on users, advertisers and technology. Thompson unveiled the plan at an "all hands" meeting for employees at the company's headquarters in...
  • No job cuts in India in the near future: Sony 10-04-2012 10:55 AM

    New Delhi: Japanese consumer electronics giant Sony today said it does not have any manpower realignment plan for India in the "near future" amid reports of the firm cutting 10,000 jobs globally. The company's Indian arm said it is rather ramping up its head count in the country to meet...
  • Sony to slash 10,000 jobs: Report 09-04-2012 12:01 PM

    Tokyo: Sony Corp is cutting 10,000 jobs, about 6 per cent of its global workforce, the Nikkei newspaper reported on Monday, as new CEO Kazuo Hirai comes under pressure to return the Japanese consumer electronics and entertainment company to profit after four years in the red. The job cuts are...
  • Nokia to axe 4,000 jobs, move assembly to Asia 08-02-2012 08:21 PM

    Helsinki: Struggling Finnish phone maker Nokia plans to cut 4,000 more jobs at its plants in Finland, Hungary and Mexico as it seeks to cut costs by moving smartphone assembly work to Asia. The cuts of 8 per cent of the phone business workforce bring total planned job cuts at...
  • Boeing to cut over 2,000 jobs at US plant 05-01-2012 09:37 AM

    Washington: US aircraft company Boeing has announced its plans to close a massive plant in Wichita in Kansas before the end of 2013, a decision that will affect over 2,100 employees. "The decision to close our Wichita facility was difficult but ultimately was based on a thorough study of the...
  • Kingfisher Airlines denies reports of lay-offs 04-01-2012 06:16 PM

    New Delhi: In a major cost-cutting exercise, private sector air-carrier Kingfisher Airlines is believed to be considering about 2,000 job cuts and longer working hours for its staff, among various options. Kingfisher later issued a statement saying, "Kingfisher Airlines categorically denies news reports appearing in a section of the press...
  • India stares at economic slowdown, job cuts 12-12-2011 08:20 PM

    New Delhi: The fear of an economic slowdown has turned to be a real one, as for the first time in recent months, India's industrial economy has actually shrunk, which may lead to job cuts, high inflation and more bearish stock markets. In fact, the Confederation of Indian Industry (CII)...