Hewlett-Packard Tops 2015 Layoff List With 30,000 Job Cuts

Long after presidential candidate and former Hewlett-Packard CEO Carly Fiorina, who left in 2005, laid off tens of thousands, the tech company continues to downsize. As it reached the final ...
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Sprint to Cut $2.5 Billion, Surrendering in Wireless Wars

Sprint Corp. (NYSE: S), according to a number of media sources, will cut annual expenses by $2.5 billion a year. Presumably the brunt of the restructuring will be layoffs. In ...
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As Profits Wither, Chevron Will Fire People, Cut Capex

Chevron Corp. (NYSE: CVX) reported third-quarter 2015 results before markets opened Friday. The oil and gas supermajor posted diluted earnings per share (EPS) of $1.09 on revenues of $33 billion. ...
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3M to Slash 1,500 Jobs After Top Line Misses Estimates

3M Co. (NYSE: MMM) reported third-quarter 2015 results before markets opened Thursday. The conglomerate posted diluted earnings per share (EPS) of $2.05 on revenues of $7.71 billion. In the same ...
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Test tubes

Biogen Beats on Both Top and Bottom Lines

Biogen Inc. (NASDAQ: BIIB) reported its third-quarter financial results Wednesday before the market opened. The company had $4.48 in earnings per share (EPS) on $2.78 billion in revenue, compared to ...
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Oil platform on sea

Big Oil to Outperform Amid Signs of a Bottom

The last major bottom in oil came in on February 19, 2009, at $33.87 a barrel. What we saw then was a false bottom in the upper $40s two months ...
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Should IBM Workers Brace for Layoffs?

Mistakes by management at International Business Machines Corp. (NYSE: IBM) have done enough damage to its P&L, that among the solutions could be cuts in expenses. As is the case ...
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What Twitter Layoffs Mean Versus Its Valuation

Within the past month, Twitter Inc. (NYSE: TWTR) has been incredibly active — whether it is announcing Jack Dorsey as permanent CEO or Saudi Prince Alwaleed bin Talal disclosing a ...
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Wal-Mart Fires 450 at Headquarters

In a memo to employees at the company’s Bentonville, Ark., headquarters, Wal-Mart Stores Inc. (NYSE: WMT) CEO Doug McMillon announced that 450 home office staff will lose their jobs. Wal-Mart ...
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Whole Foods Fires 1,500 as Stock Hits 4-Year Low

Whole Foods Market Inc. (NASDAQ: WFM) shook up the markets Monday morning when it announced via an SEC filing that the company would be cutting 1,500 jobs within the next ...
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What Do Caterpillar’s 10,000 Job Cuts Mean?

A set of layoffs here and another there. Caterpillar Inc.'s (NYSE: CAT) job cuts of 10,000 workers are a reminder that oil patch and infrastructure companies are in rising trouble, ...
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Ocwen Cuts 300 Jobs in Iowa

Mortgage servicer Ocwen Financial Corp. (NYSE: OCN) announced Thursday that the company will eliminate about 300 jobs at its Waterloo, Iowa, residential loan service center. The total represents about 10% ...
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Is This Groupon Restructuring a Total Dud?

Groupon Inc. (NASDAQ: GRPN) has faced its share of problems, namely with the daily deals website trying to move away from just being a daily-deals site. Now the company is ...
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Hard Drive

Seagate Eliminates 1,000 Jobs, Blames Weak Business Environment

Disk drive maker Seagate Technology PLC (NASDAQ: STX) announced Thursday morning that it has committed to a restructuring plan that includes reducing its headcount by about 1,050 worldwide, or about ...
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Twitter Admits Workforce Is Not Diverse

Twitter Inc. (NYSE: TWTR), like other new world tech companies, admitted it does not employ enough women and minorities. It will try to erase that with programs to increase the ...
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