Layoffs

FILE - This July 30, 2007 file photo shows an HSBC sign at a branch in London. British labor union Unite has expressed dismay over reports that the bank HSBC will slash 10,000 jobs worldwide. HSBC declined to comment Monday Oct. 7, 2019 on a Financial Times report that interim chief Noel Quinn plans to seek immediate saving across the group. (AP Photo/Kirsty Wigglesworth, file)
October 07, 2019 - 7:48 am
LONDON (AP) — British labor union Unite has expressed dismay over reports that the bank HSBC will slash 10,000 jobs worldwide. HSBC declined to comment Monday on a Financial Times report that interim chief Noel Quinn plans to seek immediate saving across the group. The newspaper described the cuts...
Read More
October 03, 2019 - 7:43 pm
SAN FRANCISCO (AP) — HP Inc.’s new CEO has unveiled the company’s latest plan to streamline its operations — one that envisions cutting its workforce by as much as 16% over the next three years. The personal computer and printer maker says it expects to drop 7,000 to 9,000 people from its global...
Read More
Mara Paulic, a 42-year GM employee, pickets outside the General Motors Fabrication Division, Monday, Sept. 23, 2019, in Parma, Ohio. The strike against General Motors by 49,000 United Auto Workers entered its second week Monday with progress reported in negotiations but no clear end in sight. (AP Photo/Tony Dejak)
September 25, 2019 - 7:34 am
DETROIT (AP) — As the United Auto Workers' strike against General Motors stretches into a second week, it's not just the company and striking workers getting pinched. With many replacement part warehouses shut down, dealers are beginning to run short of components to repair cars, trucks and SUVs...
Read More
August 05, 2019 - 6:46 pm
SAN JOSE, Calif. (AP) — California's largest operator of recycling redemption centers has shut down and laid off 750 employees. The Mercury News reports Monday that the company RePlanet has closed all 284 of its centers. RePlanet's president David Lawrence says the company stopped operating because...
Read More
FILE - In this July 16, 2019, file photo Chief Executive Officer Mary Barra speaks during the opening of contract talks with the United Auto Workers in Detroit. General Motors reports financial results Thursday, Aug. 1. (AP Photo/Paul Sancya, File)
August 01, 2019 - 8:33 am
DETROIT (AP) — General Motors said Thursday that higher prices for popular pickup trucks and SUVs helped overcome slowing global sales and profit rose by 1% in the second quarter. The Detroit automaker said it made $2.42 billion, or $1.66 per share, from April through June. Adjusting for...
Read More
July 31, 2019 - 5:44 am
RICHMOND, Va. (AP) — A blood-testing company filed for bankruptcy and says it's cutting jobs because Medicare payments have been withheld over allegations of fraud. The Richmond Times-Dispatch reports True Health Diagnostics LLC filed for Chapter 11 bankruptcy protection this week and notified...
Read More
July 29, 2019 - 3:32 pm
NEW YORK (AP) — Uber is laying off 400 employees in marketing, about a quarter of the marketing team's global workforce of 1,200 people. The move, announced Monday, follows a leadership shake-up in June when CEO Dara Khosrowshahi combined the company's marketing, communications and policy teams...
Read More
Nissan CEO Hiroto Saikawa speaks during a news conference at the global headquarters Thursday, July 25, 2019, in Yokohama, west of Tokyo. Nissan says it is slashing 12,500 jobs or about 9% of its global workforce in an effort to cut costs and achieve a turnaround, as its profits tumble. (AP Photo/Jae C. Hong)
July 25, 2019 - 4:07 am
TOKYO (AP) — Nissan is slashing 12,500 jobs or about 9% of its global workforce to cut costs and achieve a turnaround amid tumbling profits, the Japanese automaker said Thursday. Nissan Motor Co. also said it will cut global production capacity by 10% and reduce model lineups by at least 10% by the...
Read More
A man walks past the Deutsche Bank sign in London, Monday, July, 8, 2019. Germany's struggling Deutsche Bank says it will cut 18,000 jobs by 2022, saying it is going “back to our roots” with a radical restructuring plan meant to focus the company on traditional strengths.(AP Photo/Natasha Livingstone)
July 08, 2019 - 2:01 pm
BERLIN (AP) — The radical and painful restructuring of Germany's Deutsche Bank, which is cutting 18,000 jobs, is the end of a long, failed attempt to compete with the global investment banking giants that left it overextended. The bank plan unveiled Sunday aims to go "back to our roots" by...
Read More
Dark clouds cover the sky over the headquarter of Deutsche Bank in Frankfurt, Germany, Sunday, July 7, 2019. The supervisory board of the bank meets on Sunday to decide about further strategies. (AP Photo/Michael Probst)
July 07, 2019 - 2:55 pm
FRANKFURT, Germany (AP) — Germany's struggling Deutsche Bank said Sunday it would cut 18,000 jobs by 2022, downsizing its volatile investment banking division in a restructuring aimed at restoring consistent profitability and better returns to shareholders. The Frankfurt-headquartered bank said it...
Read More

Pages