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Lloyds cuts a further 3,000 jobs and doubles branch closure plan
2016-07-28 09:30:36| BBC News | Business | UK Edition
Lloyds Banking Group says it will cut a further 3,000 jobs and close 200 more branches, even as it reports a doubling of pre-tax profits.
Microsoft cuts more jobs in smartphones as focus narrows
2016-05-25 11:10:00| Telecompaper Headlines
(Telecompaper) Microsoft announced plans to cut another 1,850 jobs at its smartphone business, as it narrows the focus to the enterprise market. After earlier agreeing to sell its feature phone business, the company is now focusing its phone efforts on where it has "differentiation with enterprises that value security, manageability and our Continuum capability, and consumers who value the same," said CEO Staya Nadella. The restructuring and writedown of assets will lead to charges of USD 950 million in its latest quarter, including around USD 200 million for severance payments.
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Victoria's Secret parent cuts 200 jobs as it restructures
2016-04-08 04:53:09| Apparel - Topix.net
The company behind Victoria's Secret and Bath & Body Works is cutting 200 jobs as it deals with increasing competition. The cuts, at L Brands Inc.'s Columbus, Ohio and New York headquarters, affect just a fraction of the 87,900 employees.
CSX Corp. cuts 101 jobs in eastern Kentucky
2016-03-16 22:02:43| Railroads - Topix.net
Officials say 101 positions at a CSX Corp. facility in eastern Kentucky are being eliminated amid a slump in the coal industry. CSX spokeswoman Melanie Cost told media that the company decided to make the cuts as a last resort.
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Anadarko Cuts 1,000 Jobs as It Idles Drilling Rigs, Sells Assets
2016-03-11 13:18:00| Climate Ark Climate Change & Global Warming Newsfeed
Bloomberg: Anadarko Petroleum Corp. is shrinking its workforce in the latest step to cope with a collapse in oil and gas prices, following plans to park rigs, slash dividends and sell assets. The third-largest U.S. natural gas producer is laying off about 1,000 workers, roughly a 17 percent reduction, said company spokesman John Christiansen. The move will affect departments throughout the organization, he said. "Weve been very carefully evaluating what our staffing levels should be, given the current...
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