Intel has lately faced scrutiny owing to the recent move of the company to lay off workers in one of its production plans. Despite the reformed business strategy of Intel, the company has fired out 269 workers in its Folsom workplace.
ESPN, Walt Disney’s sports network which stands for Entertainment and Sports Programming Network, has been struggling to keep if not improve its revenue. Thus, it has decided to reduce the number of workforce it has to prevent unwanted repercussions from what it has going at the moment.
Monsanto has revealed lower revenues and its plans to cut costs and eliminate a portion of its workforce on Wednesday. The agricultural products giant has been suffering from a loss since last year, and it is now ready to face the repercussions.
Hewlett-Packard Co or HP is cutting a large number of its manpower once again while the company continues to struggle to keep its enterprise business going despite the falling demand for its products.
Applebee’s is buzzing its way to California after nestling in Kansas City for several years. The transfer of the international restaurant chain’s headquarters comes amid the transfer of several companies out of Southern California.
Royal Dutch Shell (RDSa.L) is planning further job cuts in its UK North Sea oil and gas business in 2015, the company said on Thursday, just a week after a package of tax cuts from the Treasury aimed at encouraging growth in the industry.
Siemens (SIEGn.DE) Chief Executive Joe Kaeser applied the finishing touches to his overhaul of the German industrial group with the announcement on Friday of 7,800 job cuts designed to streamline management and speed decision-making.
Weekend news of 15,000 job cuts at Germany's Siemens has put the German engineering group's new chief executive, Joe Kaeser, on a collision course with workers' representatives only two months after he took the helm.
The National Security Agency, hit by disclosures of classified data by former contractor Edward Snowden, said Thursday it intends to eliminate about 90 percent of its system administrators to reduce the number of people with access to secret information.