layoffs

Intel processor

Intel Is Worst Performing Dow Stock of 2016, Down 12%

Year to date, the worst performing stock in the Dow Jones Industrial Average is Intel Corp. (NASDAQ: INTC), down 12.1%. Apparently laying off thousands of employees, which usually makes investors ...
Read Full Story »
Dow

Caterpillar Is Best Performing Dow Stock of 2016, Up 14%

Old companies have led the Dow Jones Industrial Average higher in 2016. Caterpillar Inc. (NYSE: CAT) is up 14.4% to $77.72. Exxon Mobil Corp. (NYSE: XOM) is up 13.4% to ...
Read Full Story »
Oil worker

Halliburton Fires 6,000 People

This is how a section of comments about Halliburton Co.'s (NYSE: HAL) earnings read: Responding to the reality of the market, we force-fit our employee headcount to available activity levels. ...
Read Full Story »
Smartphone Intel

Intel Cuts 12,000 as CEO Makes $14.6 Million

Intel Corp. (NASDAQ: INTC) has disclosed that it will cut 12,000 workers, or about 11% of its workforce. It has changed direction, management said, to focus more on the cloud. ...
Read Full Story »
oil rig

Will Executive Reshuffle Help Freeport-McMoRan?

Mining giant Freeport-McMoRan Inc. (NYSE: FCX) announced Tuesday morning that it has parted company with the executive management team at its oil and gas division. Four executives, including the division's chief ...
Read Full Story »
Fired Businessman

Why Boeing Layoffs Do Not Point to Problems at the Company

Boeing Co. (NYSE: BA) has announced that it will be letting go of about 4,000 employees in its Commercial Airplanes division by midyear. The layoffs would be voluntary, combined with leaving positions ...
Read Full Story »
Fired Businessman

Credit Suisse Accelerates Restructuring Plan

Credit Suisse Group A.G. (NYSE: CS) recently announced that it would be eliminating more jobs as part of accelerating its restructuring plan. Essentially, this Swiss bank will be cutting 2,000 ...
Read Full Story »
Store Closing

Aeropostale Trouble Risks 3,000 Jobs

The tattered turnaround at Aeropostale Inc. (NYSE: ARO) just ended. The company has put itself up for sale. Its financials and lack of customers could undercut that effort. Over 3,000 jobs ...
Read Full Story »
Welcome to Texas

Texas Job Growth Remains, but Quality Versus Quantity at Issue

If you just read the headline data from the Texas Workforce Commission on January's job trends, you would think it's still great news. The Texas economy added some 31,400 jobs ...
Read Full Story »
Welder

Higher Unit Labor Costs Eat Into Productivity Gains for 2015

We have already seen a slightly better gross domestic product (GDP) revision for the fourth quarter of 2015, but we also saw that the reason for that higher revision made ...
Read Full Story »
Oil platform on sea

5,000 More Layoffs Coming to Halliburton

So, you keep hearing time after time that lower and lower oil is good for the economy as a whole. It seems that way on the surface, but when you ...
Read Full Story »
Technology

Arris to Fire 10% of Workforce

Just weeks after completing its $2.1 billion acquisition of U.K. set-top box maker Pace, Arris International PLC (NASDAQ: ARRS) has confirmed that it plans to fire up to 10% of ...
Read Full Story »
ousted

January Job Cuts Rise 200%

The outplacement firm of Challenger, Gray & Christmas released its job-cuts report for January, indicating that layoffs skyrocketed by more than 200% to their highest level since last summer. The ...
Read Full Story »
Help wanted sign

What to Look for in Friday’s Unemployment and Payrolls Report

If there is one economic report that hits the heart of America, it is the monthly Employment Situation Report from the Bureau of Labor Statistics (BLS). This report is released ...
Read Full Story »
crude oil terminal

BP Posts $5.2 Billion Loss in 2015

BP PLC (NYSE: BP) reported fourth-quarter and full-year 2015 results before markets opened Tuesday. For the quarter, the oil and gas supermajor posted adjusted diluted earnings per American depositary share ...
Read Full Story »