Ford Drops to 52-Week Low Despite Layoff Plans

Ford Motor Co. (NYSE: F) CEO Mark Field's plans have not impressed investors — again. He laid off 1,400 of the company's salaried workers in Asia and North America. Ford's ...
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Ford to Cut Staff 10%, but Embattled CEO Fields Will Keep Salary

In a situation that happens regularly, Ford Motor Co. (NYSE: F) will cut 10% of its worldwide workforce, but CEO Mark Fields, who caused the company's problems in the first ...
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Among Large, Trouble Retailers, 1 Million Jobs at Stake

Among America's eight most troubled large retailers, nearly 1 million jobs are at stake as the industry continues to collapse in on itself, damaged by sales that have continued to ...
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IBM Begins Firings at North Carolina Site

International Business Machines Corp. (NYSE: IBM) has confirmed that the company is laying off a "relatively small" number of people at its Research Triangle Park location in Durham, North Carolina. ...
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Should Analysts Trust GoPro on Guidance?

GoPro Inc. (NASDAQ: GPRO) saw its shares hit an all-time low on Wednesday, but now shares have spectacularly bounced 15% after the camera company provided a business update. Essentially, GoPro ...
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Toys’R’Us Chops as Many as 15% of Corporate Workers

According to several media sources, Toys"R"Us has cut as much as 15% of its headquarter staff, which equates to roughly 250 people. It joins many large retailers that have been the ...
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network cables

Is Alphabet Making the Right Move in Broadband? (or, Why Did Google Fire Broadband Team?)

There has been a recent changing of the guard at Alphabet Inc. (NASDAQ: GOOGL). Access, the unit of the Alphabet that mostly controls Google Fiber, is getting a new chief ...
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burning cash

Can Shutterfly Turn Itself Around After This Earnings Miss?

When Shutterfly Inc. (NASDAQ: SFLY) released its fourth-quarter earnings report after the markets closed on Wednesday, the company said it had $2.63 in earnings per share (EPS) and $561.2 million ...
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Why Won’t IBM CEO Rometty Say How Many Americans She Has Fired?

It's a simple question, presumably with a simple answer. How many of its American employees has International Business Machines Corp. (NYSE: IBM) fired in the past year? Or two? Or ...
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blood test

Can Theranos Make It Through 2017?

Troubled drug test start-up Theranos announced it had "re-engineered" its operations, another way to say it cut 40% of its workers and would have 221 left. The company's last capital ...
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2016 Chevrolet Cruze

Detroit Three Automakers to Crimp Car Production in January

U.S. sales of new cars and light trucks in 2016 is estimated to be very close to the record-setting total of 17.5 million units sold in 2015. But the pace ...
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GM logo

GM Layoffs May Not Be Over

General Motors Co. (NYSE: GM) has just laid off 1,300 workers as demand slows for its small sedans and coupes. The company laid off 2,000 in November. The blame can be ...
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Fired Businessman

Happy Holidays, You’re Fired: List of Companies Laying People Off

The holidays are a particularly cruel time to lay off people, or to tell them they will be laid off soon. That has not stopped a number of companies from ...
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Boeing 747 Designs

Merry Christmas: Boeing to Cut Staff in 2017

Layoffs announced, or signaled, just before the holidays are particularly cruel. Boeing Co. (NYSE: BA) somehow let slip that it would almost certainly reduce staff at its commercial airline division ...
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VW 2018 Atlas

Volkswagen to Cut 23,000 Jobs

Google Translation of Volkswagen statement: The Board of Management and the General Works Council of Volkswagen signed a future pact in Wolfsburg after constructive negotiations. He is leading the return ...
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