UBS to slash 10,000 jobs in fixed income retreat
UBS unveiled plans on Tuesday to wind down its fixed income business and fire 10,000 bankers, as it adapts to tougher capital rules that make it more difficult for investment banks to turn a profit...
View ArticleBanks seen shrinking for good as lay-offs near 160,000
Major banks have announced some 160,000 job cuts since early last year and with more lay-offs to come as the industry restructures, many will leave the shrinking sector for good as redundancies outpace...
View ArticlePostal employees accept early buyout offer
About 25,500 front-office clerks, mail handlers, drivers and other employees have accepted an early-retirement offer from the U.S. Postal Service, among the money-losing agency's largest efforts in...
View ArticleAmerican Express to cut 5,400 jobs
American Express Co. says it will slash roughly 5,400 jobs, mainly in its travel business, and book a $287 million restructuring charge.
View ArticleHasbro 4Q revenue misses, to cut jobs
Toy maker Hasbro says its fourth-quarter revenue failed to meet expectations because of weaker-than-expected demand over the holidays.
View ArticlePentagon cutting jobs, maintenance due to budget fears: official
The Pentagon has begun laying off most of its 46,000 temporary and term employees and cutting maintenance on ships and aircraft in an effort to slow spending due to fears of new defense budget cuts,...
View ArticleThomson Reuters to Cut 2,500 Jobs
Thomson Reuters announced plans to cut 2,500 jobs in its core Financial and Risk division by year's end, and said it didn't expect that business to turn around until the second half of 2013.
View ArticleJP Morgan to cut up to 19,000 jobs
US bank JP Morgan Chase reveals plans to cut up to 19,000 jobs by the end of next year in its mortgage and community banking businesses.
View ArticleGoogle cutting 1,200 more Motorola jobs
Google says it's cutting an additional 1,200 jobs in its Motorola division as the unprofitable cellphone maker struggles to compete.
View ArticleAvon eliminating hundreds of jobs; leaves Ireland
Avon is eliminating more than 400 positions and abandoning or restructuring smaller or underperforming businesses in Africa, the Middle East and Europe, including an exit from Ireland. The company said...
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