New York-based Avon Products Inc is shifting its headquarters to the UK. It's also in the process of reducing headcount by about 2,500 and investing in technology and innovation to enhance sales volume.
Yahoo’s planned restructuring plan had started on Wednesday, whereas 107 employees had received a written notice that after 60 days they would have to leave the office. That would be the first batch of what is expected to be a much bigger job cuts of 1,500 employees or 15 percent of the company’s workforce.
SunEdison Inc., a solar company announced Monday about its plans to optimize its business operations and increase cash flow. This move will include layoffs, according to an internal company memo.
Evernote Corporation had layoff 47 of its workers and closes three of its global offices. Reports confirmed affected locations were in Moscow, Singapore and Taiwan. Evernote CEO Chris O'Neill wrote in the company blog on Tuesday that Evernote had reduced 47 jobs. The company shuts down operation in three offices as well. "Today we let go of 47 people from the Evernote team and announced the closure of three of our global offices. We are grateful for the immense contributions of each and every affected person."
A memo obtained by Reuters revealed Paramount would be laying off 5% of its workers.
Renesas is restructuring and will sell shares of stock to improve its overall position.