In the initial months post financial crisis it seemed barely a week passed without a law firm
announcing job cuts.
«I believe we are in for much greater volatility in oil prices for the foreseeable future and that's why you've seen Cenovus preserve cash by moderating our growth and reducing our workforce,» CEO Brian Ferguson said in
announcing the job cuts.
«No organization can allow a situation like this to continue,» said CEO Gian Giacomo Ferraris in
announcing the job cuts in October.
SolarCity had
announced job cuts before being acquired by Tesla but did not say how many employees would be laid off.
As General Cable's stock price plummeted last year, the company
announced job cuts for 7 % of its workforce as part of an ongoing restructuring.
Platinum and palladium miners in South Africa, a leading producer of both metals, also
announced job cuts and mine closures, as platinum has slipped more than 16 percent this year, palladium a quarter.
Squeezed margins from «fierce competition» have hit profits at Swedish oils and fats firm Karlshamns, which this week
announced job cuts in the context of a cost saving programme.
Many trusts have already
announced job cuts and service reductions, although ministers want them to concentrate on reducing waste.
Trowers & Hamlins has become the latest law firm to
announce job cuts, with seven employees made redundant between March and this week.
Fitbit may be getting ready to
announce job cuts due to a weak fourth quarter, according to a report.
Not exact matches
Yahoo
announced Wednesday it will lay off 107 employees in the first of what is expected to be more than 1,500
job cuts.
(Conlee has since worked with RIM in an advisory capacity at various times, including last summer when the company
announced 2,000
job cuts.)
Western Australia's largest indigenous corporation has
announced it is
cutting jobs and assessing its member benefits structure as a result of weak iron ore prices.
This comes after the company
announced in 2014 that it would
cut 2,900
jobs, Bloomberg reported.
-- BlackBerry (TSX: BB) confirms it's
cutting more
jobs this week as part of the second phase of its previously
announced transformation plan.
Nike, which recently
announced it would
cut about 1,400
jobs globally, isn't the only athletic - gear company rethinking strategy.
Panoramic Resources and Mincor Resources have
announced plans to put their last operating mines on care and maintenance in response to the depressed nickel market, with Panoramic
cutting 50
jobs today with more to follow at both companies.
Perth - based mining developer Cape Lambert Resources has
announced it is
cutting 117
jobs and postponing a planned dividend payment, in response to the sharp downturn in the iron ore market.
Shares in iron ore hopeful Sundance Resources were stripped of half their value after the company
announced an aggressive cost reduction strategy that includes
job cuts and a reduction in board size and remuneration.
To try and secure the deal, the government
announced an austerity plan to raise taxes and slash US$ 20 billion in public spending — including
cuts to social welfare and public
jobs, and a lowering of the minimum wage.
Even Lego, which has posted years of growth, said in September that sales of its colorful bricks fell for the first time in 13 years, and
announced plans to
cut 1,400
jobs.
Within another month, Heinz
announced it would
cut 350 of the 1,200 full - time
jobs at Pittsburgh headquarters, plus another 250 elsewhere in North America.
The closing of the factory will leave 635 hourly workers and 72 salaried people without
jobs in Madison, but that's just one of seven plants that Kraft Heinz
announced it would shutter on Nov. 4 in a plan to
cut 14 % of Kraft Heinz's North American factory workforce.
«
Job cuts have already surpassed last year's total and are on track to end the year as the highest annual total since 2009, when nearly 1.3 million layoffs were
announced at the tail - end of the recession,» said John A. Challenger, CEO of Challenger, Gray & Christmas.
GoPro has
announced 270
job cuts and pre-
announced that its first - quarter earnings would be at the high end of guidance, around $ 210 million.
Chief Executive John Flannery has promised to revamp GE into a leaner company by exiting several businesses and the company has already
announced a series of
job cuts to lower costs that have dented profits and disappointed investors.
Even though the company
announced a $ 10 billion restructuring plan centered on 5,700
job cuts, skepticism kept the stock far below its 2007 highs.
The June 2011 report stated U.S. - based employers
announced 41,432
job cuts for the month, an 11.6 percent increase.
Its new line of smartphones fell flat, and earlier this month the company
announced 4,500
job cuts and a nearly $ 1 - billion writedown on unsold inventory.
On an otherwise bleak day when Bombardier
announced plans to
cut 7,000
jobs worldwide over the next two years, the company also issued a rare, long - awaited piece of good news: Air Canada has signed a letter of intent to purchase up to 75 CSeries aircraft.
Generic drug giant Teva really is going to
cut tens of thousands of
jobs in a gigantic restructure for the struggling and debt - laden pharmaceutical — in fact, the 14,000 planned layoffs
announced Thursday actually surpass initial reports.
• Throwing barrels: Angry Birds maker Rovio, which raised over $ 40 million in VC funding, yesterday
announced that it was
cutting more than 30 % of its workforce (i.e., 260
jobs).
Stock markets plunged after President Obama
announced a $ 450 - billion
job - creation package, based on a payroll tax -
cut extension.
Penney, looking to steady its finances after reporting a loss of $ 116 million in its last fiscal year, also
announced it was eliminating 130 positions at its headquarters in Plano, Texas, just the latest round of layoffs in recent years, as well as
cutting 230
jobs at the store and regional level.
The company recently
announced a plan to
cut about 40 per cent of its global workforce, or 4,500
jobs, as a way to save money.
On Thursday, it
announced it was closing its offices in the Halifax area, eliminating more than 300
jobs as part of an effort to
cut costs.
HALIFAX — Embattled tech giant BlackBerry
announced the closure Thursday of its offices in the Halifax area, eliminating more than 300 high - paying
jobs as part of a global push to
cut costs.
The world's biggest money manager on Tuesday
announced that it would
cut more than 40
jobs, replacing some of its human portfolio managers with artificially intelligent, computerized stock - trading algorithms.
In December, the company had to
announce 300
job cuts as a result of poor financial results.
Schlumberger (NYSE: SLB)
announced plans to
cut 10,000
jobs this year, a more than 10 percent
cut from its total staff of 95,000.
Retailers have
announced more than 50,000
job cuts in 2017, according to numbers compiled by Challenger, Gray & Christmas.
E-commerce company Fab is
announcing another round of
job cuts tomorrow, laying off between 80 and 90 employees to trim costs as it shifts resources to focus more on designing and developing products under its own brand name.
In July of that year, the bank
announced an initiative to trim more than $ 1 billion in costs including compensation, a plan that entailed
cutting 1,000
jobs.
The company is expected to
announce thousands of
job cuts this week.
NEW YORK (AP)-- Wal - Mart is
cutting about 7,000 back - office store
jobs over the next few months as it centralizes its invoice and accounting departments, expanding a test it
announced in June.
U.S.
job cuts soared to a nearly four - year high in July as the military
announced plans to reduce troop and civilian workforce payrolls, according to outplacement consultancy Challenger, Gray & Christmas.
The utility company also
announced it will be
cutting jobs as a cost saving measure.
Parliamentary Budget Officer Kevin Page, in his last week on the
job, is taking the government to court in a bid to have Ottawa release information about the impacts on federal
jobs and services from $ 5.2 billion in
cuts announced in last year's budget.Photo by Sean Kilpatrick / The Canadian Press / Files
After
announcing in November it was
cutting 6,000
jobs and hiring 2,000 tech - focused individuals, NAB has recruited a bunch of executives from major...
The last time employers
announced fewer
job cuts was June of 2000, when 17,241 planned layoffs were recorded.