Job Cuts

  • 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...
  • 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)...
  • Industrial growth shrinks, CII warns of job cuts 12-12-2011 03:17 PM

    New Delhi: The economic slowdown is real and for the first time in recent months India's industrial economy has actually shrunk. The Index of Industrial Production has fallen to minus 5.1 per cent in October, the lowest in 28 months and the Confederation of Indian Industry (CII) has warned of...
  • 'Citigroup to axe 4,500 jobs in coming months' 07-12-2011 12:35 PM

    New York: Citigroup Chief Executive Vikram Pandit has announced 4,500 jobs cuts worldwide in the coming months as the US financial major seeks to trim costs in a bleak global economic environment. The job cuts will begin this quarter and be completed "over the next few quarters" across a range...
  • Global giants plan job cuts to save costs 31-10-2011 03:07 PM

    New York: As companies battle the economic slowdown, the employees at large companies in the US and Europe seem to be facing the axe in a major way. More than 1,35,000 job cuts have been announced by just about a dozen multi-national companies in past few months in their efforts...
  • Greek Cabinet okays 30,000 job cuts by 2011 end 03-10-2011 01:24 PM

    Athens: The Greek Cabinet decided that up to 28,000 public sector employees will be placed on 'reserve' - that is, suspended with reduced pay, by the end of 2011. The program falls short of the 30,000 reduction demanded by Greece's creditors and, with few exceptions, it is actually an early...
  • Nokia Siemens Networks starts cutting 1,500 jobs 05-08-2011 07:35 AM

    London: Nokia Siemens Networks has begun cutting 1,500 jobs from the 6,900 staff it acquired with its $1.2 billion acquisition of Motorola's telecom network unit in April, a spokesman said on Thursday. The spokesman said the process, which affects staff working in the GSM and Wimax technology divisions in several...
  • HSBC to cut 30,000 jobs worldwide by 2013 01-08-2011 05:57 PM

    London: Global banking major HSBC on Monday said it plans to slash around 30,000 jobs worldwide by the end of 2013, as part of a broader cost-cutting drive. "Five thousand roles had already gone so far this year and another 25,000 would need to be removed from the 296,000 global...
  • Research In Motion to cut 2,000 jobs 25-07-2011 06:34 PM

    Toronto: Research In Motion Ltd said on Monday it plans to cut about 2,000 jobs, or 11 per cent of its workforce, detailing cuts that it first announced last month. One analyst said the job cuts were slightly deeper than expected, but were key to RIM's recovery from a slump...
  • Cisco to cut 11,500 jobs; no word on India plans 19-07-2011 12:16 PM

    New York: Cisco Systems plans to cut 15 per cent of its staff and sell a set-top box factory as part of a plan to cut annual expenses by $1 billion as the network equipment maker tries to revive its fortunes. The company said on Monday that it will cut...
  • Panasonic to cut thousands of jobs worldwide 29-04-2011 07:18 AM

    Tokyo/New Delhi: Japanese consumer electronics major Panasonic Corp will slash thousands of jobs worldwide as part of "drastic" restructuring efforts. Even though the company has not disclosed specific details, nearly 35,000 jobs are expected to be culled in three years to 2013. The company today said it expects to have...
  • Nokia to cut 7,000 jobs, Accenture takes Symbian 27-04-2011 02:51 PM

    Helsinki: Nokia, the world's largest phone maker by volume, will lay off 4,000 people and outsource another 3,000 to Accenture as part of a plan to slash annual spending by 1 billion euros ($1.46 billion). Nokia said it would outsource its Symbian software activities to Accenture, who will provide mobility...
  • UK bank Barclays cuts 250 jobs in India 29-04-2010 11:31 AM

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  • US woman quits to save colleague's job 05-03-2010 05:41 PM

    Patricia Overy felt her friend needed the job more than she did. ...