layoffs

Etsy Plans to Reduce Staff by Nearly 25%

Etsy Inc. (NASDAQ: ETSY) saw its shares rise in Wednesday’s session after the company announced that it would be taking a few key initiatives in order to deliver value to ...
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6 Most Important Things in the Business World Now

The initial public offering of Saudi Aramco, which could be among the biggest in history, has been delayed because of arguments about where the large oil company should list its ...
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Volkswagen Slashes 9,300 Workers

Volkswagen has become the latest big car manufacturer to downsize in the face of stagnant global car sales and a push to have its plants be more efficient. In the ...
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Retailers Announce Most Job Cuts of Any Category, Says Challenger Gray Report

The May jobs numbers might be good for the United States, however, the number of layoffs rose last month from the same period in 2016, with retailers slashing the most ...
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Kellogg Fires Hundreds

As the cereal business continues to suffer, so does the Kellogg Co. (NYSE: K) workforce. Several hundred people were laid off as the company shutters some of its shipping centers. ...
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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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robot

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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Rometty

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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