Sentences with phrase «cutting jobs as»

The utility company also announced it will be cutting jobs as a cost saving measure.

April 18 - Chipmaker Qualcomm Inc has begun cutting jobs as part of its promise to investors to cut costs by $ 1 billion, Bloomberg reported on Wednesday, citing people familiar with the matter.

April 18 - Qualcomm Inc has begun cutting jobs as part of its promise to investors to cut annual costs by $ 1 billion, the chipmaker said on Wednesday.

It's not just the companies that are burdened by these recent changes though; it's their employees too, as many of these mega-lenders are starting to cut jobs as well.

Not exact matches

All too often, organizational cuts go too deep, taking out linchpin individuals and keepers of institutional memory, as well as unsung individual contributors who do the job of multiple people.

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.

News of the impending job cuts came in the form of an internal memo released to employees on Tuesday, which stated that the decision to terminate positions was due to product delays, as well as a «tough market» and the company's need to conserve cash.

However, as property owners try to cut costs, technicians report a dangerous lack of maintenance, and as multi-national elevator companies try to compete, some technicians rush through hundreds of maintenance jobs per month, reportedly with time limits as quick as seven minutes per visit.

-- BlackBerry (TSX: BB) confirms it's cutting more jobs this week as part of the second phase of its previously announced transformation plan.

Fuji Xerox had over 47,000 employees as of March 2017, according to its website, meaning the job cuts would likely slash its workforce by more than a fifth.

In doing so, Maple Leaf will cut a net 1,550 jobs, or roughly 12 % of its meat - division workforce, as the company closes several factories from B.C. to New Brunswick and consolidate operations into a new $ 395 - million flagship facility in Hamilton, set to start churning out sliced meats and wieners by 2014.

Similar disdain followed January layoff announcements from Pfizer, Walmart, Microsoft, Coca - Cola, and many less prominent employers, coalescing into an angry narrative: Greedy companies are firing workers just days after getting a historically giant tax cut that will save them billions — a tax cut that was promoted by President Trump and Republicans as a job creator.

TechCrunch reports that SoundCloud's founders told staff during one of the post-redundancy all - hands meetings that investors had asked them in March to make the job cuts as part of a $ 70 million (# 54 million) debt funding deal that was first reported by Business Insider.

Telstra has confirmed up to 103 job cuts in Perth and 326 nationally, with a union claiming the telecommunications giant's head count would be reduced by as much as 450.

Groupon, another big daily discount site, saw massive layoffs in 2012 as well, cutting 648 jobs over a six - month period.

SeaWorld is cutting about 350 jobs, as the aquatic entertainment company continues to struggle drawing in crowds.

Ford Motor said on Wednesday it plans to cut 1,400 salaried jobs in North America and Asia through voluntary early retirement and other financial incentives as the No. 2 U.S. automaker looks to boost its sagging stock price.

Coke's move to cut jobs comes as many major food and beverage manufacturers — a group collectively known as «Big Food» — have cut thousands of jobs in a bid to trim costs and restructure their operations.

Coca - Cola said it will cut 1,200 jobs, the latest major food manufacturer to accelerate cost - cutting efforts as the industry struggles with a weak growth outlook.

Verizon is set to cut thousands of jobs from Yahoo and AOL as the companies integrate, a source familiar with the matter told CNBC on Thursday.

It allowed her to woo NDP supporters who feared a slash - and - burn Tory government, while also exploiting the Conservative plan to cut 100,000 public sector jobs to balance the budget as an economic apocalypse only she could stop.

The company has planned to slash its capital investments for this year to $ 29 billion from $ 47 billion in 2014, as well as cut 12,500 jobs across 2015 and 2016.

«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.

April 19 - Chipmaker Qualcomm Inc is cutting 1,500 jobs across multiple divisions at its offices in California, as part of its promise to investors to cut annual costs by $ 1 billion.

While that level certainly has declined, the nearly 6 percent drop to 7.9 million as of March 2014 could have been much worse considering the way Wall Street banks cut jobs en masse during the crisis.

The company, which has about 33,800 employees as of Sept. 24, informed about its job cut plans in California in a regulatory notice that was filed with the state on April 18.

As General Cable's stock price plummeted last year, the company announced job cuts for 7 % of its workforce as part of an ongoing restructurinAs General Cable's stock price plummeted last year, the company announced job cuts for 7 % of its workforce as part of an ongoing restructurinas part of an ongoing restructuring.

Wal - Mart CEO Mike Duke told investors on a conference call this month that the retailer's customers remain concerned about their jobs as they juggle their credit card bills and take steps to conserve cash by clipping coupons and cutting back on vacations and eating out.

For example, Pfizer said in January that it will be cutting 300 jobs as part of its closing of its neuroscience research and development program, and it was a brutal 2017 for Alzheimer's research as a number of key trials failed.

The company completed a 15 per cent cut to its workforce in January and February, eliminating between 500 and 700 jobs, as part of its plan to trim $ 1 billion in cumulative capital, operating and administration costs over two years.

It is strange, however, to see corporate tax cuts being touted as a job creation strategy, as the benefits of higher productivity are mostly higher wages and profits, not increased employment.

That there would be job cuts at a legacy IT provider is almost a forgone conclusion as these companies, many of which made the bulk of their money on pricey, proprietary hardware and software, must adapt to a world in which more companies send more of their computing jobs to a public cloud provider like Amazon @amzn (amzn) Web Services.

On the «Watching IBM» Facebook page, former IBMer Lee Conrad, who tracks job actions at the company, characterized what's happening this week as a «massive job cut,» although he also acknowledged it is unclear how many jobs were lost.

Total industry jobs cuts, it says, «could run into the thousands as firms assess the impact on their bottom lines of sweeping regulatory reform and a balky economic recovery.»

Last quarter the bank said it would slash 3,000 jobs and closing 200 branches as part of a cost - cutting exercise in the wake of Britain's vote to leave the European Union.

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.

Outlook cloudy: oil companies are making rafts of job cuts as uncertainty continues to roil the energy market.

In December, the company had to announce 300 job cuts as a result of poor financial results.

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.

The «termination without cause» took less than a minute, as Beutner was then escorted back to his office by T - Pub SVP for Human Resources Cindy Ballard — the same drill employed as protocol as so many newspaper jobs have been cut over the last decade.

On Wednesday, for example, The New York Times said it was cutting about 100 newsroom jobs, as well positions from its editorial and business operations.

She noted that with the $ 15 minimum wage (a frequent point of comparison in the discussion) Safeway chose to absorb the cost of the minimum wage instead of cutting jobs or passing the costs on to consumers, but that made Seattle Safeway stores» profit margin half as much as stores in other locations.

As far as what that actually means in the short term, Reuters points out that the company plans to cut at least 425 jobs in Finland this yeaAs far as what that actually means in the short term, Reuters points out that the company plans to cut at least 425 jobs in Finland this yeaas what that actually means in the short term, Reuters points out that the company plans to cut at least 425 jobs in Finland this year.

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.

We're seeing a lot of proposals in Congress that aren't accompanied by a lot of thought or analysis of what impact a deep cut in travel budgets could have,» such as a reduction in services for taxpayers and for veterans, and fewer job - related conferences.

Announcements by Wal - Mart and GM come as both companies are cutting jobs in the country, and their hiring, which was planned for some time, represent a small increase in their total U.S. workforce.

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.