layoffs

Could Disney Buyout of Fox Cost 10,000 Jobs?

As usual when two companies in the same businesses merge, job cuts follow, due to "synergies." That usually means overlapping positions will be eliminated. One analyst has put the number ...
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Teva Pharmaceuticals: Happy Holidays, You’re Fired

Another company has decided that the best time to fire a large number of people is just before the holidays. While there are some concrete reasons to do so, the ...
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6 Most Important Things in Business Today

Henry Blodget's Business Insider, one of the greatest digital media successes, will change its name to Insider, Inc., a sign of its growing influence outside business and finance. The FCC ...
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Happy Holidays: GE Plans to Cut 4,500 Jobs in Europe

French media company Les Echos reports that General Electric Co. (NYSE: GE) plans to cut 4,500 jobs in Europe, another brutal step as management tries to turn around the floundering ...
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More Holiday Layoffs Bring Joy to the Season

Large companies do not appear to care whether they destroy the holidays for some of their workers. Pre-Christmas layoffs seem to be rampant this year. Krispy Kreme will dump an ...
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What Do Societe Generale’s Plans to Shutter Hundreds of Branches Mean to US Banks?

The management of huge French bank Societe Generale has decided to steady the company's shaky financial situation via cost cuts and an exit from what it deems non-core businesses. As ...
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6 Most Important Things in Business Today

Softbank's investment in Uber is based on a 30% discount to its peak valuation. According to Reuters: Japan’s SoftBank Group Corp is offering to purchase shares of Uber Technologies Inc ...
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6 Most Important Things in Business Today

AT&T Inc. (NYSE: T) attacked the government's argument that it must sell CNN before a merger with Time Warner Inc. (NYSE: TWX). Walt Disney Co. (NYSE: DIS) earnings were pummeled ...
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Blue Apron CEO Salzberg Needs to Be Fired

The most recent sign that recent IPO Blue Apron Holdings Inc. (NYSE: APRN) is in deep trouble is that the company announced it will lay off employees. It has only ...
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6 Most Important Things in Business Today

Long-time American Express Co. (NYSE: AXP) CEO Kenneth Chenault will step down. He leaves a mixed record as the company has been troubled by the success of other credit cards ...
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6 Most Important Things in Business Today

Roy Price, the head of Amazon Studios, a division of Amazon.com Inc. (NASDAQ: AMZN), who was accused of sexual harassment, has quit. He had been put on leave, and his ability ...
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Tesla Had Some Inadequate Employees, So It Fired Them

Tesla Inc. (NASDAQ: TSLA) has been cited as one of the best places to work in the United States, particularly for employees interested in high tech. However, it is also ...
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6 Most Important Things in Business Today

Japan's Nikkei hit a two-decade high on the back of a pickup in an economic activity that has been years in the making. The Philadelphia Inquirer and Daily News said ...
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Does Ford’s Massive Overhaul Mean Job Cuts?

Ford Motor Co. (NYSE: F) CEO Jim Hackett released his plans for the company's next five years. The programs meant to change the cost structure and investments by Ford over ...
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Eli Lilly Hopes to Benefit From Joining the Layoff Brigade — 3,500 Pink Slips!

You know it is a different world when big pharmaceutical giants began to lay off workers in recent years. Now it is Eli Lilly and Co. (NYSE: LLY) joining in ...
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