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All Posts Tagged Tag: ‘cuts’

Google Reportedly Facing $5 Billion Fine In India

Google is reportedly facing a $5 billion fine from the Competition Commission of India in relation to an antitrust probe launched two years ago. The probe began after a complaint from consumer advocacy group Consumer Unity and Trust Society (CUTS) International about alleged anti-competitive practices. The complaint was followed by another from matrimony.com Google could be forced to pay the …

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Penney Store Closings of 33 Locations Will Cut 2,000 Jobs

On Wednesday, January 15th, J.C. Penney Co. announced the shutdown of 33 stores mainly located in smaller markets that have been experiencing a continual decline in customer visits. According to Chief Executive Mike Ullman, the clothing company chain has experienced a drastic fall in sales and the closing of selective locations will help to improve the performance of the company’s stores. …

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ESPN Layoffs Confirmed, Details Emerging

Yesterday, rumors began to surface that sports TV news station ESPN will soon be laying off some of its employees. Now, the company, which is owned mainly by The Walt Disney Company, has confirmed that layoffs are incoming. ESPN has released a short statement on the matter: We are implementing changes across the company to enhance our continued growth while …

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IBM Cuts Another 1,000 Jobs, Enjoys a 7% Increase in Profits

Over 1,000 U.S. IBM employees were “let go” during the past week. This comes as no surprise. IBM has been decreasing American jobs for half a decade. IBM has reduced its American workforce by over 21,000 employees since 2007. It is not possible at this time to pinpoint exactly how many IBM employees have been let go over the past …

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