British luxury clothing retailer Burberry announced that it was making hundreds of jobs redundant after allegedly initiating a restructuring program as a reaction to a drop in profits.
The number of Americans applying for unemployment benefits rose slightly last week despite layoffs remaining healthy amid ongoing inflation and high interest rates.
The affected individuals include lower-level production and development staff at Marvel Studios in Burbank, and employees in the Marvel Entertainment division in New York.
Middle managers are at risk of being laid off when companies resort to layoffs to save money.
KeokeN Interactive recently underwent a round of layoffs, affecting a small portion of its workforce.
KeokeN Interactive recently underwent a round of layoffs, affecting a small portion of its workforce.
Electronic Arts has announced its plan to reduce its workforce by about 5%.
Toast announced on Thursday its decision to cut its workforce by 10%, resulting in the termination of 550 employees.
McKesson is terminating 1,600 staffs from its US division in an effort to trim expenses after some important customers left the company.
Brazilian retailers are expecting their worst Christmas season in a decade and signs are pointing to an unhappy New Year ahead.
Microsoft Corp (MSFT.O) will close its Silicon Valley research-and-development operation as part of 2,100 layoffs announced on Thursday, as it moves toward its new CEO's goal of cutting 18,000 staff, or about 14 percent of its workforce.
AOL would lay off half of the personnel in its local news sites unit Patch as well as shutter of consolidate approximately 150 of its 900 websites.
New job cuts in the offing for JP Morgan Chase.
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