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

July 25, 2008 6:07:52 PM CDT

Learn about Newser Points »

Stories related to: job cuts

Stories

16 Stories

  • July 2008

    • GM Will Cut Salaried Jobs, Benefits to Survive Slump

      newser  |  Wall Street Journal  |  Jul 15, 08 9:42 AM CDT

      GM Will Cut Salaried Jobs, Benefits to Survive Slump

      General Motors will cut salaried jobs, accelerate factory closings, and eliminate health care coverage for many salaried retirees in order to raise $15 billion to survive the industry's deep downturn, the Wall Street Journal reports. GM will also suspend dividends, sell some assets, lower capital spending, and cut production of pickup trucks and SUVs. More »

      Tags

      US economy  • auto industry  • General Motors  • SUV  • job cuts  • downturn

    • GM to Announce New Round of Major Cuts

      newser  |  Bloomberg  |  Jul 15, 08 2:37 AM CDT

      GM to Announce New Round of Major Cuts

      General Motors is expected to announce another big round of cost-cutting measures today, Bloomberg reports. Insiders say the ailing automaker, hit hard as consumers leave gas-guzzlers standing in car lots, is likely to slash thousands of jobs and reduce production of trucks and SUVs for the second time in two months. More »

      Tags

      auto industry  • General Motors  • job cuts  • Rick Wagoner  • Hummer  • vehicle

    • American to Cut 7K Jobs

      newser  |  Dallas Morning News  |  Jul 3, 08 10:56 AM CDT

      American to Cut 7K Jobs

      American Airlines plans to cut as many as 900 flight attendants from its ranks next month as part of nearly 7,000 expected layoffs this year, reports the Dallas Morning News. The job cuts, intended to counter rising fuel expenses, mirror an intended 8% reduction in the airline's worldwide flights. The cuts will leave American with fewer than 80,000 jobs, a low it hasn't hit since 1988. More »

      Tags

      gas prices  • American Airlines  • fuel costs  • flight  • layoffs  • job cuts  • weakening economy  • aircraft carrier  • flight attendant  • pilots

  • June 2008

    • Honey, I'm Shrinking the Tribune Papers

      newser  |  Chicago Sun-Times  |  Jun 6, 08 4:42 AM CDT

      Honey, I'm Shrinking the Tribune Papers

      Publisher Sam Zell has announced he'll quickly slash pages and more editorial jobs to offset huge debts and  a larger-than-anticipated decline in advertising revenue at his newspapers, including the Los Angeles Times and Chicago Tribune . An 80-page edition of the Tribune could be sliced to 48 pages, reports the Chicago Sun-Times . The papers have already lost a significant number of staffers to buyouts. More »

      Tags

      Tribune Company  • Sam Zell  • debt  • Los Angeles Times  • job cuts  • Chicago Tribune  • newsroom cuts  • cost cutting

  • April 2008

    • Surprise Loss, $7B Cash Infusion for Wachovia

      newser  |  Bloomberg  |  Apr 14, 08 8:47 AM CDT

      Surprise Loss, $7B Cash Infusion for Wachovia

      Wachovia reported a surprise first-quarter loss today 2 years after taking over a subprime-dealing savings and loan. The CEO of the fourth-largest US bank was “deeply disappointed” that the bank lost $393 million, or 20 cents a share; analysts had anticipated earnings of 40 cents a share, Bloomberg reports. Wachovia cut its dividend; it plans to raise $7 billion to replenish capital reserves by selling shares and axing 500 jobs. More »

      Tags

      mortgage crisis  • Wachovia  • job cuts  • quarterly results

    • Consumer Confidence Hits 26-Year Low

      newser  |  Bloomberg  |  Apr 11, 08 11:10 AM CDT

      Consumer Confidence Hits 26-Year Low

      Consumer confidence hasn’t been this low since 1982, according to the Reuters/University of Michigan index, which reported a slide to 63.2 from March’s 69.5. That was lower than even the lowest estimates in a Bloomberg analyst poll. “The consumer’s feeling increasingly hemmed in,” said one economist. “The economy is in a recession.” More »

    • AMD to Slash 10% of Jobs in '08

      newser  |  Wall Street Journal  |  Apr 8, 08 12:02 AM CDT

      AMD to Slash 10% of Jobs in '08

      Advanced Micro Devices will shed 10% of its workforce this year and predicts a 15% first-quarter revenue drop, down to $1.5 billion, the Wall Street Journal reports. Slumping desktop sales and the company's line of defective chips and have hurt AMD, which will lay off workers worldwide at "all levels within the company," a spokesman told the San Jose Mercury News today. More »

      Tags

      Intel  • job cuts  • AMD  • first quarter earnings  • computer hardware  • microchip  • processor

  • March 2008
  • February 2008

    • Profits Slide as Dell Streamlines

      newser  |  Wall Street Journal  |  Feb 29, 08 6:30 AM CST

      Profits Slide as Dell Streamlines

      Dell posted a 6.5% decline in profits for its fiscal fourth quarter yesterday, citing slowed consumer spending and the cost of restructuring, which included slashing thousands of jobs, the Wall Street Journal reports. The Dell results are likely to cause concern about other tech stocks—especially those that rely on the US consumer market—and doubts about Dell's ambitious turnaround plan. More »

      Tags

      computer  • Dell  • job cuts  • tech stocks  • quarterly results  • tech sector  • Michael Dell  • restructuring

    • Siemens to Slash 4,000 Jobs

      newser  |  Wall Street Journal  |  Feb 25, 08 6:31 PM CST

      Siemens to Slash 4,000 Jobs

      Siemens is cutting nearly 4,000 jobs and moving 3,000 workers away from its troubled telecom equipment unit, sparking fears of union outcry in Germany, the Wall Street Journal reports. Once a $30 billion annual revenue giant, the business has been trailing competitors in cheap-labor countries like China and struggling with a $1.9 billion bribery scandal. More »

      Tags

      China  • Germany  • job  • labor unions  • job cuts  • Siemens

  • January 2008

    • Music Giant EMI Slashing 2,000 Jobs

      newser  |  Wall Street Journal  |  Jan 14, 08 6:14 AM CST

      Music Giant EMI Slashing 2,000 Jobs

      The new owners of record company titan EMI are cleaning house, starting with the elimination of 2,000 jobs—a third of its workforce—in a restructuring that could also include dumping artists, reports the Wall Street Journal . The layoffs come as new owner, Terra Firma Capital, tries to rejuvenate the fourth-place company during an industry skid that saw album sales drop 15% last year. More »

      Tags

      music  • job cuts  • EMI Music  • Coldplay  • Terra Firma Capital

  • October 2007

    • BBC Cuts 1,800 Jobs, Updates for Digital Age

      newser  |  Reuters  |  Oct 18, 07 5:41 PM CDT

      BBC Cuts 1,800 Jobs, Updates for Digital Age

      The BBC will cut 1,800 of its 18,000 jobs and integrate its TV, radio and Internet news operations to adapt to the digital age, the public broadcaster announced today. As many as 2,500 positions may be lost, but others will be added, the BBC said, to reflect shifting audience habits. The Beeb will also pare by 10% its original television programming, improve online offerings and establish bbc.com to carry advertising to non-British users. More »

      Tags

      television  • Internet advertising  • BBC  • job cuts  • broadcasting

    • Struggling AOL to Take 2,000 Jobs Offline

      newser  |  Bloomberg  |  Oct 15, 07 1:22 PM CDT

      Struggling AOL to Take 2,000 Jobs Offline

      Internet icon AOL will pink slip 2,000 workers tomorrow—1,200 from the US—as the once-dominant service provider tries to re-energize its business. In August corporate parent Time-Warner announced that AOL had lost 1.1 million paying subscribers, and reported second-quarter sales of $1.3 billion, a 38% drop from a year ago. Last year, the company cut 5,000 jobs. More »

      Tags

      AOL  • Time Warner  • job cuts

    • Big Salary Now, No Job Later

      newser  |  Chronicle of Higher Education  |  Oct 10, 07 12:17 PM CDT

      Big Salary Now, No Job Later

      Computer science majors face rosy job prospects after graduation but a dimmer long-term career outlook. In 2007 the average starting salary offer in the field rose to a seven-year peak of $53,051, the Chronicle of Higher Education reports. But young grads should enjoy the money while they can: Layoffs and "restructuring" await mid-career employees. More »

      Tags

      job market  • job cuts

    • $4B Crunch Threatens BBC Jobs

      newser  |  Independent (UK)  |  Oct 10, 07 4:37 AM CDT

      $4B Crunch Threatens BBC Jobs

      A massive funding shortfall at the British Broadcasting Corporation could trigger unprecedented job cuts, reports the Independent . As many as 2,800 people—about 12% of the BBC's labor force—could lose their jobs. Officials at the BBC, which is financed by a $270 license fee paid by viewers, project a shortfall of up to $4 billion. More »

      Tags

      BBC  • job cuts  • budget cuts  • inquiry  • Mark Thompson

16 Stories

Today's Most Popular

Loading...

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 »