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September 19, 2013

Wells Fargo announces slashing of nearly two thousand jobs

  • 1,800 jobs will be cut from Wells Fargo’s home loan business, following consistent declines in consumer demand for refinancing in recent years. The decision comes just weeks after the company confirmed it had already eliminated 3000 positions earlier this quarter. source
17:17 // 1 year ago
January 31, 2013
So HMV laid off a bunch of people today. And someone got the crazy idea of live-tweeting it on the corporate account. Well, that was fun.

So HMV laid off a bunch of people today. And someone got the crazy idea of live-tweeting it on the corporate account. Well, that was fun.

13:26 // 1 year ago
October 30, 2012

Sweeping cuts accompany Swiss bank UBS’ fixed income market exit

  • 10,000 UBS employees will lose their jobs over the next three years as part of a 3.4 billion Swiss franc ($3.6 billion) company overhaul. The Swiss bank plans to exit the fixed income market, and return to a focus solely on private banking. Most of those laid off will be located in Switzerland, though sizable cuts are headed to the company’s UK and US operations as well. The first cuts went public today after a number of UBS employees were unable to to enter the bank’s building in London this morning. source
14:58 // 1 year ago
October 24, 2012
21:29 // 1 year ago
September 11, 2012

Kodak expects another round of layoffs ahead of 2013

  • 1,000 workers will be cut from Eastman Kodak’s payroll by the end of the year, bringing the total number of employees laid off by the company in 2012 to 3,700.
  • $330M in salary and benefit expenses will be saved by the company as a result of the sweeping cuts. source
16:06 // 2 years ago
September 10, 2012

New round of layoffs announced at Hewlett-Packard

  • 2,000 more layoffs coming at Hewlett-Packard in the next two years, in an effort by former California gubernatorial candidate and current CEO Meg Whitman to right the ship at HP
  • 29,000 employees will be laid off by the end of fiscal 2014; the company expects to eat more than $3.3 billion in charges related to the reduction in workforce, which will lead to layoffs for just shy of 10% of the company’s 300,000 employees source
14:48 // 2 years ago
July 8, 2012
16:47 // 2 years ago
June 14, 2012

Life at Nokia: Massive layoffs, executive shuffling, lower Q2 profit forecasts

  • execs Nokia Chief Marketing Officer Jerri DeVard, Executive Vice President of Mobile Phones Mary McDowell, and EVP of Markets Niklas Savander will all be shown the door, effective June 30.
  • layoffs The company will layoff approximately 10,000 employees, primarily as a result of plant closures in Canada and Germany, as well as cutbacks to the company’s Devices & Services division.
  • profits Nokia also announced that the layoffs and executive shuffling would mean lower Q2 profits than anticipated. Expected restructuring costs of €1 billion for Q2 tripled to €3 billion. source

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14:16 // 2 years ago
June 13, 2012

Here’s how four newspapers in the same chain as the New Orleans Times-Picayune, which is downsizing to three days per week, covered the same round of layoffs this morning. Anyone else think it’s telling that the Alabama papers all buried the story, while the Times-Picayune played it up as their centerpiece?

11:34 // 2 years ago
June 4, 2012
21:05 // 2 years ago