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Job Cuts News
Bank of America set to cut about 2 dozen investment banking jobs in Asia
Mon, Sep 26, 2016
Bank of America is set to cut about two dozen investment banking (IB) jobs in Asia, including some top dealmakers starting this week, according to people familiar with the matter.
Volkswagen's MAN to cut 1,400 jobs at diesel-engine unit
Fri, Sep 23, 2016
Germany's MAN SE plans to cut 1,400 jobs at its diesel-engine operations, aiming to increase savings by more than 450 million euros (nearly $500 million or Rs 3,326.4 crore).
Goldman Sachs cutting nearly 30% of Asia investment banking jobs
Fri, Sep 23, 2016
Goldman Sachs is cutting almost 30% of its 300 investment banking jobs in Asia outside Japan in response to a slowdown in activity in the region, two sources familiar with the matter told Reuters.
HP Inc beats estimates, weak printer demand weighs on forecast
Thu, Aug 25, 2016
HP Inc, the hardware business of the former Hewlett-Packard Co, reported higher-than-expected quarterly revenue and profit as demand recovered for its notebooks.
Networking titan Cisco cuts 5,500 jobs as profit climbs
Thu, Aug 18, 2016
The corporate restructuring aims to cut expenses in "lower growth areas" and shift the money into Cisco priorities such as security, cloud computing, data centers, and the internet of things, according to Robbins.
Nokia likely to cut 10,000 to 15,000 jobs worldwide: Union
Tue, May 24, 2016
Nokia kicked off the programme in April with a target to slash 900 million euros (nearly $1 billion or Rs 6,652.8 crore) of operating costs by 2018, but it has yet to give a figure for how many jobs will be reduced in total.
Nokia cuts more than thousand jobs in Finland
Sat, May 21, 2016
Finland's biggest company has cut thousands of jobs in its home country over the past decade as its once-dominant phone business was eclipsed by the rise of smartphone rivals.