jobs Archive

What will Yahoo cut next?

Source photo As Yahoo Inc. prepares to spin out the its last of its Alibaba Group Holding Ltd. stock and focus on the lackluster financial results of its core business, it is also preparing investors and employees for yet another round of product closures and potentially layoffs. CEO Marissa Mayer is apparently ready to cut [&hellip

Read More…

The oil price is killing Rolls-Royce and it’s cutting 400 jobs

Rolls-Royce is slashing 400 jobs from its marine division, blaming the fall in the price of oil and a need to cut costs. The engineering group announced the cuts in a statement on Monday. The cuts follow 600 factory job going earlier this year. The new round of redundancies will reportedly hit factory managers. Read [&hellip

Read More…

Here come initial jobless claims

Initial jobless claims rose less than expected to 267,000 last week, up 3,000. Economists had estimated that first-time claims for unemployment insurance totaled 272,000. The four-week moving average fell 750 to 271,750. The labor department reported no special factors in this week’s report. In a note to clients, Pantheon Macroeconomics’ Ian Shepherdson wrote that a [&hellip

Read More…

HP says to cut 25,000 to 30,000 jobs in enterprise business

Hewlett-Packard Co said it expects to cut 25,000 to 30,000 jobs as part of its restructuring and cost-saving efforts at it enterprise services business. HP is splitting into two listed companies later this year, separating its computer and printer businesses from its faster-growing corporate hardware and services operations. Read More

Read More…

Economic Report: Layoffs remain near decade lows, jobless claims data show

The number of Americans getting laid off from their jobs remains near the lowest level in decades. Initial jobless claims fell by 6,000 to 275,000 in the period running from Aug. 30 to Sep. 5, the Labor Department said Thursday. The average of new claims over the past month edged up by 500 to 275,750. [&hellip

Read More…

U.S. adds 173,000 jobs in August as unemployment falls to seven-year low

The pace of hiring in the United States took a turn for the worse in August, but the dropoff probably wasn’t weak enough to force the Federal Reserve to reconsider plans to raise interest rates this year. The U.S. added a seasonally adjusted 173,000 jobs last month and the unemployment rate fell to 5.1%, the [&hellip

Read More…

Panasonic to shut battery factory in Beijing, cut 1,300 jobs

Japanese electronics giant Panasonic Corp on Thursday said it will stop making lithium-ion batteries at its factory in Beijing this month, cutting 1,300 jobs as part of a move to focus on higher-margin products such as electric car batteries. The 15-year-old plant produces batteries for simple mobile phones and digital cameras, both of which are [&hellip

Read More…