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HP Planning 30,000 Job Cuts In Restructuring Move
2015-09-19 07:37:29| IT Services - Topix.net
HP is looking to cut even more of its workforce in conjunction with a Nov. 1 corporate split intended to make the company more agile and efficient. Hewlett Packard plans to slash 25,000 to 30,000 more jobs as part of cost-cutting measures in conjunction with its plan to split into two companies.
QLogic launches job cuts
2015-09-15 18:18:52| Semiconductors - Topix.net
QLogic discloses it launched a restructuring plan on Sep. 2. The number of job cuts involved hasn't been discloses; QLogic does say it expects $5M-$6M in pre-tax cash charges. The company stated on its July 30 FQ1 call it plans a restructuring that aims to lower its FY16 operating expenses to $200M.
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Analyst: Chevron's fall job cuts are tip of the iceberg
2015-09-02 00:25:55| Chemicals - Topix.net
Unfortunately, that's little compared to what's in store, said Fadel Gheit , managing director and senior analyst covering the oil and gas sector at New York-based Oppenheimer & Co. Inc. "It's nothing - less than 2 percent of the manpower.
Rare job cuts at Bloomberg as global media giant lays off 80 journalists
2015-09-01 17:58:42| IT Services - Topix.net
Bloomberg Media, the global news organisation headed by former New York mayor Michael Bloomberg, will lay off about 80 journalists this week in a rare retrenchment for the high-flying company. New York-based Bloomberg employs about 2,400 journalists in 150 bureaus worldwide, and it generally has been in a growth mode in recent years as other news organisations have pared back.
Daimler Reverses Brazil Truck Job Cuts by Reducing Hours Instead
2015-09-01 15:50:39| Automakers - Topix.net
Daimler AG reversed course on the 1,500 job cuts announced last week at its Brazilian truck-making division, saying it will scale back hours by 20% instead as demand shows no sign of improving. The agreement with local unions guarantees jobs until August 2016, and the Brazilian state will compensate employees for about half their lost pay, the Stuttgart, Germany-based company said in a statement Aug. 31. Workers at Daimler's factory in Sao Bernardo do Campo went on strike in response to the cuts originally proposed, which would have cost about 13% of the company's Brazilian workforce their jobs.
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