layoffs

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Twitter Announces Mass Layoffs

Approximately 8% of workforce will be let go

(Newser) - Struggling with user growth and profitability, Twitter is getting rid of nearly two-and-a-half tweets worth of employees, the social media company announced Tuesday. Business Insider reports Twitter will be laying off 336 employees—about 8% of its workforce—largely from the engineering department. "We feel strongly that engineering will...

Microsoft Slashing More Jobs Over Phone Fail

Windows Phone can't keep up with Apple's iPhone

(Newser) - More bad news for Microsoft: The company says it will cut 7,800 jobs more and take a $7.6 billion impairment charge to restructure its flagging phone hardware business. Microsoft paid $7.3 billion for Nokia's phone business in April 2014 in an effort to focus on mobile...

One-Third of Blue Bell Workers Losing Jobs

Recall means 1,450 full- and part-time employees will be out of work

(Newser) - Blue Bell Creameries will lay off more than a third of its workforce following a series of listeria illnesses linked to its ice cream that prompted a nationwide recall of all its products. The company, whose production plants remain closed, said 750 full-time employees and 700 part-time workers are losing...

Miffed Mom of Fired Critic Cancels USA Today Subscription

Mother of laid-off journalist gives subscription department a piece of her mind

(Newser) - USA Today canned about 70 employees on Wednesday, including film critic Scott Bowles, who had been with the paper for 17 years, reports the New York Times . Bowles says there's no proof, but he believes he was fired—right after returning from the memorial service for his dad, Detroit ...

Bus Drivers Crucify Themselves to Get Jobs Back

Paraguayan men, some wives refuse to budge until all jobs restored

(Newser) - A group of bus drivers in Paraguay is going to extreme measures to get back the jobs they lost: They crucified themselves—three weeks ago, reports the BBC . The men (some media reports say five, other say eight) used 15-inch nails to affix their hands to crosses that have been...

Mass Layoffs Backfired in JCPenney Overhaul

Slashing headcount wasn't one of Ron Johnson's better ideas

(Newser) - Of all the missteps that led to the plunge in sales at JCPenney and the exit of CEO Ron Johnson , the mass layoffs Johnson instigated may have been the most damaging, the Wall Street Journal reports. The firm's average 150,000 full- and part-time workers had been gutted to...

Barclays Slashing 3.7K Jobs
 Barclays Slashing 3.7K Jobs 
Feb 12, 2013 3:18 AM CST

Barclays Slashing 3.7K Jobs

Bank plans major overhaul

(Newser) - Barclays is set to cut some 3,700 jobs amid an operations overhaul, it announced today. Coming out of a strategic review, the company is looking to cut costs by some $2.7 billion, the BBC reports. Nearly half the job cuts will occur at Barclays' investment bank, mostly in...

American Airlines Warns 11K of Possible Layoffs

But company expects only a third of those to lose jobs

(Newser) - American Airlines is sending layoff warning notices to more than 11,000 employees, although a spokesman says the company expects job losses to be closer to 4,400. The notices went out to mechanics and ground workers whose jobs will be affected as American goes through a bankruptcy restructuring. American...

Bank Fires Worker Over Minor Offense 49 Years Ago

Wells Fargo cans 68-year-old over use of phony dime in laundromat

(Newser) - In the past year and a half, the federal government enforced tough new rules against banks and mortgage-lenders, designed to eliminate executives and mid-level employees with prior convictions for serious offenses such as fraud. But the banks, eager to avoid the $1-million-a-day fines, are firing even low-level workers over minor...

Jay Leno Takes Big Pay Cut
 Jay Leno Takes 
 Big Pay Cut 
Aug 18, 2012 1:15 PM CDT

Jay Leno Takes Big Pay Cut

He did it to save jobs; about 20 got laid off: Deadline Hollywood

(Newser) - Jay Leno has long said he lives off his standup money and takes the millions he gets paid for hosting the Tonight Show and sticks it right in the bank. So the news that Nikki Finke at Deadline Hollywood broke last night might not sting quite as much for him:...

Google to Shed 4K Motorola Workers

That's 20% of Motorola Mobility workforce; third of offices closing

(Newser) - After acquiring Motorola Mobility for $12.5 billion this year, Google is slicing off a fifth of its workforce, laying off 4,000 workers, the company has confirmed. Two-thirds of the 4,000 cuts will occur outside the US; Google is also shutting down up to a third of the...

Canned Obese Employee Sues, Gets $55K

680-pound Ronald Kratz II says he was fired for being fat

(Newser) - When 680-pound Ronald Kratz II got fired from his job, he was pretty sure it was for being too fat. Now his old company is giving him $55,000 and six months of outplacement services in a legal settlement, reports the Houston Chronicle . With the help of the US Equal...

Best Buy Cans 650 Geek Squad Employees

Company says it's 'evolving in-home support'

(Newser) - Best Buy is axing 650 members of its Geek Squad, the group of repair specialists that travels to people's homes to fix their electronics. The retailer isn't doing away with its repair service entirely, though; those getting the boot will be Geeks who serviced appliances and televisions. "...

Times-Picayune Lays Off Half of Newsroom Staff

200 workers get the ax, plus 400 at sister papers

(Newser) - New Orleans' venerable Times-Picayune has laid off nearly half of its newsroom staff—and a third of its total workforce—just weeks after the paper announced it's cutting print publication to three days a week. More than 200 staffers—including 84 of 173 newsroom workers—were given notice yesterday...

Hewlett-Packard to Cut 27K Jobs
Hewlett-Packard
to Cut 27K Jobs
May 23, 2012 3:32 PM CDT

Hewlett-Packard to Cut 27K Jobs

It's the company's biggest reduction in its 73-year history

(Newser) - Hewlett-Packard plans to jettison 27,000 workers as the growing popularity of smartphones, the iPad, and other mobile devices makes it tougher for the company to sell personal computers. The cuts announced today represent HP's largest payroll purge in its 73-year history. The reductions will affect about 8% of...

Apple Has Killed a Half Million Jobs

BusinessInsider doubts Apple's job-creation claim

(Newser) - Accused of shipping American jobs overseas , Apple reacted by saying it has actually created US jobs— some 514,000 in fact . Now BusinessInsider takes a closer look at the numbers and finds that the tech behemoth has actually eliminated 490,570 positions, nearly the same amount it has created. Here'...

Bank of America Laying Off Elite Bankers

Cost-cutting to hit Merrill's top earners

(Newser) - Bank of America plans to lay off 2,000 of its highest paid employees in its investment banking, commercial banking, and non-US wealth management units, sources tell the Wall Street Journal . Those operations just happen to be the ones that expanded with BofA's acquisition of Merrill Lynch, which has...

Wall Street to Slash 21K Jobs
 Wall Street to Slash 21K Jobs 
Apr 30, 2012 7:51 AM CDT

Wall Street to Slash 21K Jobs

Downsizing binge will rival that of financial crisis

(Newser) - Wall Street's job creators aren't exactly living up to that billing. The market is soaring, and so are bank profits, but financial firms are preparing for a massive round of layoffs, analysts tell Fortune , estimating that the banks will cut nearly 21,000 jobs. That would be a...

Yahoo Lays Off 2K Workers
 Yahoo Lays Off 2K Workers 
Apr 4, 2012 9:15 AM CDT

Yahoo Lays Off 2K Workers

Moves were expected amidst flat growth

(Newser) - Yahoo is slashing 2,000 jobs, or about 14% of its workforce, the company announced today, in a long-expected cost-cutting move. The cuts will hit every department in the company, and sources tell the Wall Street Journal that yet more cost reduction measures are in the works, as Yahoo continues...

Yahoo Poised to Lay Off Thousands
Yahoo Poised to
Lay Off Thousands
Mar 6, 2012 1:19 AM CST

Yahoo Poised to Lay Off Thousands

New CEO Scott Thompson plans major restructuring, sources say

(Newser) - Yahoo's new CEO is planning a major shake-up of the business that's expected to involve thousands of layoffs, sources tell All Things Digital . Scott Thompson, who has been pushing for quick changes since taking charge early this year , is eyeing big cuts in Yahoo's large products organization,...

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