Fired Businessman

Twitter’s Chance to Steady Investors With Layoffs

Twitter Inc. (NYSE: TWTR) has about 3,800 employees to go with its 310 million monthly active users, spiraling stock price and awful financials. As LinkedIn Corp. (NYSE: LNKD) gets sold ...
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Intel processor

Intel Is Worst Performing Dow Stock of 2016, Down 12%

Year to date, the worst performing stock in the Dow Jones Industrial Average is Intel Corp. (NASDAQ: INTC), down 12.1%. Apparently laying off thousands of employees, which usually makes investors ...
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Caterpillar Is Best Performing Dow Stock of 2016, Up 14%

Old companies have led the Dow Jones Industrial Average higher in 2016. Caterpillar Inc. (NYSE: CAT) is up 14.4% to $77.72. Exxon Mobil Corp. (NYSE: XOM) is up 13.4% to ...
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Oil worker

Halliburton Fires 6,000 People

This is how a section of comments about Halliburton Co.'s (NYSE: HAL) earnings read: Responding to the reality of the market, we force-fit our employee headcount to available activity levels. ...
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Smartphone Intel

Intel Cuts 12,000 as CEO Makes $14.6 Million

Intel Corp. (NASDAQ: INTC) has disclosed that it will cut 12,000 workers, or about 11% of its workforce. It has changed direction, management said, to focus more on the cloud. ...
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oil rig

Will Executive Reshuffle Help Freeport-McMoRan?

Mining giant Freeport-McMoRan Inc. (NYSE: FCX) announced Tuesday morning that it has parted company with the executive management team at its oil and gas division. Four executives, including the division's chief ...
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Fired Businessman

Why Boeing Layoffs Do Not Point to Problems at the Company

Boeing Co. (NYSE: BA) has announced that it will be letting go of about 4,000 employees in its Commercial Airplanes division by midyear. The layoffs would be voluntary, combined with leaving positions ...
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Fired Businessman

Credit Suisse Accelerates Restructuring Plan

Credit Suisse Group A.G. (NYSE: CS) recently announced that it would be eliminating more jobs as part of accelerating its restructuring plan. Essentially, this Swiss bank will be cutting 2,000 ...
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Store Closing

Aeropostale Trouble Risks 3,000 Jobs

The tattered turnaround at Aeropostale Inc. (NYSE: ARO) just ended. The company has put itself up for sale. Its financials and lack of customers could undercut that effort. Over 3,000 jobs ...
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Welcome to Texas

Texas Job Growth Remains, but Quality Versus Quantity at Issue

If you just read the headline data from the Texas Workforce Commission on January's job trends, you would think it's still great news. The Texas economy added some 31,400 jobs ...
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Higher Unit Labor Costs Eat Into Productivity Gains for 2015

We have already seen a slightly better gross domestic product (GDP) revision for the fourth quarter of 2015, but we also saw that the reason for that higher revision made ...
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Oil platform on sea

5,000 More Layoffs Coming to Halliburton

So, you keep hearing time after time that lower and lower oil is good for the economy as a whole. It seems that way on the surface, but when you ...
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Arris to Fire 10% of Workforce

Just weeks after completing its $2.1 billion acquisition of U.K. set-top box maker Pace, Arris International PLC (NASDAQ: ARRS) has confirmed that it plans to fire up to 10% of ...
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January Job Cuts Rise 200%

The outplacement firm of Challenger, Gray & Christmas released its job-cuts report for January, indicating that layoffs skyrocketed by more than 200% to their highest level since last summer. The ...
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Help wanted sign

What to Look for in Friday’s Unemployment and Payrolls Report

If there is one economic report that hits the heart of America, it is the monthly Employment Situation Report from the Bureau of Labor Statistics (BLS). This report is released ...
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