Jobless Claims Hit New Decade Low

The U.S. Labor Department is out with yet another installment of its weekly jobless claims report. While many of the economic numbers have been disappointing on a larger scale, the ...
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Oil refinery

Will Enterprise Discuss Layoffs, Costs or Future Distributions With Earnings?

Enterprise Products Partners L.P. (NYSE: EPD) is set to report its fourth-quarter earnings Thursday morning. The giant master limited partnership (MLP) has an infrastructure and toll road model in the ...
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Pouring molten steel

Falling Oil Forces US Steel Facility Closures

United States Steel Corp. (NYSE: X) will lay off roughly 750 employees between two plants, undoubtedly the result of falling oil prices. It is worth noting that these facilities are ...
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10 Companies Cutting the Most Jobs

Through August, planned job cuts were slightly lower than they were during the first eight months of 2013. In all, companies have announced just under 333,000 planned layoffs so far ...
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Biotechnology word cloud

Do Layoffs in Biotech Send the Right Message?

Investors could be facing a new future in biotech. After years and years of growth and after massive gains in recent years, is it possible that biotech giants are simply ...
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Microsoft Firings Hit Former Nokia Employees Hardest

The planned cut of 18,000 employees at Microsoft Corp. (NASDAQ: MSFT) will hit hardest the 25,000 or so employees that joined the company as a result of the the Nokia ...
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HP Layoffs May Not Be Over

As many has 16,000 workers will be cut by Hewlett-Packard Co. (NYSE: HPQ), an addition to a long list of layoffs that over the years has stretched into the tens ...
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HP Turnaround Debacle: Thousands of More Layoffs

Hewlett-Packard Co. (NYSE: HPQ) may have released its earnings report early. Whether this was intentional, an accident or a leak is something we will leave to your imagination. What was ...
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Citigroup Thrives on Cost-Cutting

Citigroup Inc. (NYSE: C) reported first-quarter results before markets opened Monday. The investment bank and financial services giant reported adjusted diluted earnings per share (EPS) of $1.23 on revenue of ...
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Intel Restructuring Takes Employee National Morale Day to Costa Rica

Intel Corp. (NASDAQ: INTC) is taking our version of Employee National Morale Day south of the United States, to Costa Rica to be precise. Shortly before the closing bell, Intel ...
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network servers

600 Firings at NetApp: More of the Death of Growth

NetApp Inc. (NASDAQ: NTAP) is a former high-flyer in the broad storage sector, but this stock is just now confirming more of a story of the death of growth. This ...
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Will J.P. Morgan Cut 20,000 Jobs?

J.P. Morgan Chase & Co. (NYSE: JPM) already has announced it will cut well over 10,000 jobs, primarily because its mortgage business has slowed. The Financial Times puts already planned ...
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Australian Auto Industry Implodes

General Motors Co. (NYSE: GM) and Ford Motor Co. (NYSE: F) announced last year their intention to end production in Australia. On Monday, Toyota Motor Corp. (NYSE: TM) said that ...
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WMT strike Black Friday 2012

Where Will Retail Industry’s Next Layoffs Be?

Wal-Mart Stores Inc.'s (NYSE: WMT) Sam's Club apparently laid off 2,300 workers. Walmart has more than one million workers in the United States, so the number is relatively small. However, ...
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JC Penney - shops

J.C. Penney Store Closures — Likely Just a Starting Point

J. C. Penney Company Inc. (NYSE: JCP) is raising the white flag of surrender on some  of its operations. Late on Wednesday came word that the struggling department store retail ...
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