Tag archive for ‘job cuts’
By Rajat Anand On Thursday, November 5th, 2009
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800 more jobs to be cut at Microsoft

Software giant Microsoft Corp. announced on Monday that it is going to slash 800 more positions from its workforce, in addition to the 5000 job cuts it had announced earlier this year. According to the company, More...

By Rajat Anand On Monday, October 26th, 2009

Jobs scene to liven up as US firms plan to hire in the near future

According to a survey released by The National Association for Business Economics (NABE), many US companies are looking forward to hiring more people in the near future, in addition to investing more in the market. The More...

By Adrian Santana On Tuesday, June 23rd, 2009

MySpace to slash 300 international jobs

The social networking site MySpace has plans to lay off 300 of its 450 international employees, the company said Tuesday morning. The company is stepping up its efforts to cut costs with 700 of it’s 1,800 More...

By Adrian Santana On Wednesday, June 17th, 2009

Michelin to Cut 1,000 Jobs in France

The French tyre maker Michelin SA announced Wednesday a plan to cut 1,093 jobs over a three-year period, beginning in 2010, reflecting the toll the economic crisis is having on the automobile industry and its suppliers. In More...

By Adrian Santana On Wednesday, April 15th, 2009

UBS Expects Almost CHF2B 1Q Loss; To Cut 9000 jobs

Switzerland’s biggest bank, UBS announced Wednesday that it would look to cut costs by shedding 8,700 jobs by 2010. The statement came as the bank announced the loss of 2 billion Swiss Francs ($1.75) in the More...

By Adrian Santana On Tuesday, April 7th, 2009

Royal Bank of Scotland to cut 9000 Jobs

The Royal Bank of Scotland announced on Tuesday that it may cut up to 9,000 jobs over the next two years in order to achieve its cost cutting aims of slashing $3 billion. The cuts represent 20% of the 45,000 staff More...

By Adrian Santana On Sunday, April 5th, 2009

U.S. unemployment rate hits 26-year high

The U.S. unemployment rate hit a 26-year high in March as employers cut a whopping 633,000 jobs. According to the U.S. Labor Department already 2 million jobs have been lost this year and over 5 million since the More...

By Adrian Santana On Wednesday, April 1st, 2009
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The US sees 742,000 jobs lost in March

US companies cut 742,000 jobs in March according to ADP, a payroll services company’s latest report on Wednesday. The figures are worse than analysts anticipated. These latest figures promise more bad news More...

By Adrian Santana On Saturday, February 21st, 2009
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Tourism Predictions 2009

Stormy weather ahead for the Travel and Tourism industry? What everyone in the tourism industry is asking themselves right about now is: How will tourism in 2009 be affected by the global economic crisis? Here at More...

By Adrian Santana On Tuesday, February 10th, 2009

Nissan to slash 20,000 jobs

The automaker Nissan Motor said yesterday it would eliminate 20,000 jobs, or 9 percent of its workforce. The announcement comes as the Japanese automaker cuts its earnings estimates predicting a loss this year. Nissan More...