layoffs

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How Analysts View Cisco After Earnings and Layoffs

Cisco Systems Inc. (NASDAQ: CSCO) reported its fiscal fourth-quarter financial results after the markets closed on Wednesday. This networking equipment giant delivered another strong quarter, closing out its fiscal year ...
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How Analysts Are Treating Cisco After Earnings and Layoffs

Cisco Systems Inc. (NASDAQ: CSCO) reported its fiscal fourth-quarter financial results after the markets closed on Wednesday. The company delivered another strong quarter, closing out a solid year, but it ...
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Cisco Confirms Restructuring in Most Recent Earnings Beat

Cisco Systems Inc. (NASDAQ: CSCO) reported its fiscal fourth-quarter financial results after the markets closed on Wednesday. The company delivered another strong quarter, closing out a solid year, with expanding ...
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going out of business

How Amazon Destroys Hundreds of Thousand of Jobs

Macy's Inc. (NYSE: M) will close 100 stores in early 2017. In total they probably employ something like 20,000 people. It has closed a number of stores already. The numbers ...
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Store Closing

Will Macy’s Lay Off 20,000 People?

One hundred stores. How many people? Macy's Inc. (NYSE: M) did not say how many it will lay off when it shuts the locations. The number could be 200 employees ...
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solar farm

SunPower Chops Guidance, Will Fire 1,200

SunPower Corp. (NASDAQ: SPWR) reported second-quarter 2016 results after markets closed Tuesday. The solar panel maker reported an adjusted diluted net loss of $0.22 per share on adjusted revenue of ...
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Fired Businessman

Twitter’s Chance to Steady Investors With Layoffs

Twitter Inc. (NYSE: TWTR) has about 3,800 employees to go with its 310 million monthly active users, spiraling stock price and awful financials. As LinkedIn Corp. (NYSE: LNKD) gets sold ...
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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 ...
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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 ...
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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. ...
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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. ...
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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 ...
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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 ...
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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 ...
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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 ...
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