News and Articles About Layoffs
Tony Hsieh, a cult-like figure and the CEO of Zappos, is reportedly stepping down as leader of his $350 million project to transform Downtown Las Vegas into a city built entirely for entrepreneurs.
The network equipment maker delivered better-than-expected quarterly results, but announced it will cut about 8 percent of its workforce.
The announcement, which could arrive as soon as this week, comes as the company seeks to integrate roughly 30,000 new employees on the heels of its Nokia acquisition.
After a report surfaced that the struggling ecommerce site is starting to close down, CEO and co-founder Jason Goldberg took to Twitter to deny the claims.
Hewlett-Packard chief Meg Whitman defended the company's plans to cut up to 16,000 workers.
The troubled ecommerce site will fire about a third of its staff in its latest round of layoffs and its founder's blog has disappeared.
Disney's struggling video game and digital media subsidiary slashed its workforce by 26 percent on Thursday.
The struggling Japanese electronics maker is undergoing a costly restructuring.
The struggling gaming company is letting 15 percent of its employees go while making way for a new addition in the acquisition of U.K. competitor NaturalMotion.
The retailing giant follows Trader Joe's and The Home Depot example, while facing company layoffs and lingering concerns following December's security breach.
The struggling department store announced it is closing 33 underperforming locations as it looks to cut costs.
The troubled mobile maker has accepted a $9-a-share offer from Fairfax Financial Holdings, which already owns 10 percent of BlackBerry's shares.
The move eliminates 30 full-time positions and will have remaining staffers working remotely.
Measures you can take to stop proprietary data from leaving with your workers.
Whether you are trimming your operation to streamline your successful business or save your recession-affected enterprise, consider these tips.
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