Tags » Job Layoffs

More bad economic news...Caterpillar to cut up to 5,000 jobs by end of 2016, stock falls 6%

(Photo: Scott Olson, Getty Images)

Shares of heavy-equipment maker Caterpillar (CAT)are down sharply after the company said today it is cutting its sales outlook for the year and will slash as many as 5,000 jobs between now and the end of 2016 in a cost-cutting move amid tough conditions in its energy, mining and construction businesses. 195 more words


Va. lab lays off workers, announces Justice settlement

RICHMOND, Va. (AP) — Health Diagnostics Laboratory Inc., has laid off 42 workers at its Richmond operations.

The Richmond Times-Dispatch (http://bit.ly/1BXkolW ) reports that the company announced the layoffs on Thursday and confirmed a settlement with the U.S. 108 more words


Toshiba to slash 3,000 overseas TV production jobs


Toshiba Corp said today that it would cut by half the number of employees in its television production outside Japan to 3,000 as part of restructuring. 119 more words


NEW INFO! EXCLUSIVE: Blacks Bear Heavy Brunt Of Upcoming IPS Job Cuts. 80% Of Those Losing Jobs Are Black.

UPDATED WITH NEW INFORMATION: New information obtained by PraiseIndy.com shows that far more African-American Indianapolis Public School employees are being disproportionally dismissed than previously reported in an effort to close a whopping $30 million dollar budget deficit. 521 more words

Amos Podcast

HP, Kodak to Cut Additional Jobs

According to the Associated Press, Hewlett-Packard is planning to cut an additional 2,000 more jobs than the 27,000 job cuts it had previously announced in May. 413 more words


RIM Cuts Jobs As Shares Fall

In a drastic effort to save $1 Billion (CAD) Blackberry producer RIM cut an estimated 2000-5000 people. The job cuts had been widely anticipated since CEO Thorsten Heins announced last month that the company would reduce its staff by an unspecified number of jobs to save $1 billion.  207 more words

World Economics

IBM cuts 1,000 jobs in Canada, U.S.

By Beth Jinks

International Business Machines Corp., the world’s largest computer-services provider, fired more than 1,000 workers in North America this week, according to an employee advocacy group. 180 more words