Skip to: Content
Skip to: Site Navigation
Skip to: Search

October 10, 2008 7:21:41 PM CDT

Learn about Newser Points »

Stories related to: layoffs

Stories

Stories 21 - 28 of 28

<< Prev 1 2
  • January 2008

    • 1,000 to Lose Jobs as Yahoo Profits Fall 23%

      Wall Street Journal  |  Jan 30, 08 3:25 AM CST

      1,000 to Lose Jobs as Yahoo Profits Fall 23%

      (Newser) - After a 23% plummet in fourth quarter profits, Yahoo's CEO said the company will face job cuts and continued "headwinds" in 2008, the Wall Street Journal reports. Facing decreased advertiser spending, the company will lay off 1,000 employees next month, though it will try to relocate some within Yahoo. Such bleak expectations prompted a 10% drop in shares after hours. More »

      Tags

      Internet  • Yahoo  • business  • Internet advertising  • AT and T  • Jerry Yang  • layoffs  • Susan Decker

    • Sprint to Cut 4,000 Jobs, Close Stores

      Kansas City Star  |  Jan 18, 08 1:35 PM CST

      Sprint to Cut 4,000 Jobs, Close Stores

      (Newser) - Sprint Nextel announced a new round of job cuts and store closings today, the Kansas City Star reports. As it falls further behind in the wireless industry, the company will slash 4,000 jobs and 1,600 contractor positions. It also will shut 125 stores—8% of its total—and 4,000 distribution sites embedded in other stores. The cuts are some of the first moves by new CEO Daniel Hesse. More »

      Tags

      Sprint Nextel  • layoffs  • Daniel Hesse

    • Sprint CEO Plans to Slash More Jobs

      Wall Street Journal  |  Jan 15, 08 3:45 AM CST

      Sprint CEO Plans to Slash More Jobs

      (Newser) - Daniel Hesse, the new CEO of Sprint Nextel Corp., plans another round of extensive job cuts, likely in the range of a few thousand, the Wall Street Journal reports. The layoffs come during a protracted period of poor performance for Sprint, the nation’s third largest cellular carrier, which analysts say has fallen far behind top rivals AT&T and Verizon in total customers and customer service. More »

      Tags

      Sprint Nextel  • layoffs  • WiMax

  • December 2007

    • Palm Lays Off 10% of Workforce

      Associated Press  |  Dec 14, 07 8:12 AM CST

      Palm Lays Off 10% of Workforce

      (Newser) - Palm, the struggling maker of the Treo smart phone, laid off more than 100 of its 1,150 worldwide employees this week as part of an expense-cutting restructuring. The company, facing stiffening competition, has compounded its recent woes with product launch delays and the September cancellation of the Foleo portable computer, AP reports. More »

      Tags

      smartphones  • layoffs  • Treo  • Palm  • Palm Inc

  • November 2007

    • Citigroup Readies Layoffs, Round Two

      CNBC  |  Nov 26, 07 11:01 AM CST

      Citigroup Readies Layoffs, Round Two

      (Newser) - Citigroup is planning "massive" new layoffs, CNBC reports, less than a year after the financial giant cut 17,000 jobs. After announcing that it may have to write down as much as  $11 billion more in mortgage losses, Citigroup has been looking for ways to cut costs, as well as searching for a new CEO and considering a breakup. Company sources say the number of layoffs could reach as high as 45,000. More »

      Tags

      mortgage crisis  • Citigroup  • layoffs

    • Gaming Giant to Close Chicago Office

      San Jose Mercury News  |  Nov 6, 07 11:43 PM CST

      Gaming Giant to Close Chicago Office

      (Newser) - The video game maker Electronic Arts is closing its Chicago office, laying off or relocating nearly 150 employees, the San Jose Mercury News reports. A spokesman for EA says the Chicago studio, which had tripled in size since 2004, wasn't profitable, and likely wouldn’t have been for at least three years. The company announced plans last week to lay off about 350 of its 8,200 employees. More »

      Tags

      Chicago  • video game  • layoffs  • Electronic Arts  • gaming

  • April 2007

    • Layoffs Sink Stock Prices, Says Study

      New Yorker  |  Apr 29, 07 8:00 AM CDT

      Layoffs Sink Stock Prices, Says Study

      (Newser) - Economists have long doubted the precept that cutting a company's payroll will lead to a spike in its stock price. But try telling that to CEOs, who are still trying to emulate the turnarounds achieved by G.E. and Proctor & Gamble. Now, a study reveals that markets actually have "a significantly negative" reaction to downsizing. More »

      Tags

      stock market  • US economy  • business  • Citigroup  • economics  • layoffs  • Proctor

    • Citigroup Cuts 17,000 Jobs

      Wall Street Journal  |  Apr 12, 07 9:47 AM CDT

      Citigroup Cuts 17,000 Jobs

      (Newser) - Citigroup will cut 17,000 jobs in an attempt to close the gap between its revenue, up 7% last year, and its expenses, up 15%. The two-year cost-cutting plan comes after shareholders demanded major changes, but analysts agree that lowering expenses is only the first step. Upping revenue is the next. More »

      Tags

      business  • Citigroup  • finance  • layoffs  • cost cutting

Stories 21 - 28 of 28

<< Prev 1 2

Today's Most Popular

Loading...

Premium Articles from HighBeam

Find more articles like this

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »