All Posts Tagged Tag: ‘Job Cuts’

Microsoft Announces 7,800 Job Cuts from Phone Division

Microsoft Announces 7,800 Job Cuts from Phone Division

Microsoft has announced that it will cut up to 7,800 jobs, mostly in the company’s phone hardware business. The company is also writing off $7.6 billion related to its acquisition of Nokia’s phone business despite only spending $7.2 billion to acquire it last year. “I am committed to our first-party devices including phones. However, we need to focus our phone …

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Sam’s Club Will Lay Off 2% Of Its Workers

In its largest wave of job cuts in four years, Wal-Mart Stores Inc announced Friday that it would be cutting 2 percent (2,300 jobs) of its workforce at its Sam’s Club retail warehouse chain; Sam’s Club has an estimated 116,000 U.S. employees with 600 locations nationwide. The layoffs are a reaction to compete with big name rivals like members-only warehouse …

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Sam’s Club Layoffs – Wal-Mart Cuts 2300 Jobs

Wal-Mart – the epitome of the fair employer who is currently being sued by the Feds for unfair labor laws and employment practices, is now cutting 2300 jobs from its membership only company, Sam’s Club. Today, Wal-Mart employs 2.2 million people worldwide and serves 200 million customers each week at more than 10,000 stores in 27 countries. The layoff is …

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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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Macy’s Job Cuts: Chain Aims To Save $100 Million

Despite its financial success over the holiday, Macy’s has announced plans for closings and layoffs for 2014. By early spring, the company will be closing five stores in Arizona, Kansas, Missouri, New York, and Utah – opening eight new ones in their stead. This change marks the start of Macy’s imminent restructuring to reduce annual company costs. As they combine …

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Macy’s Cuts Jobs And Plans To Close Five Stores

Macy’s has created a reorganization plan and it includes closing five stores and cutting 2,500 jobs. Currently Macy’s has 840 stores in 45 states either under the Macy’s name or Bloomingdale’s name with approximately 175,000 employees. Soon they will close down stores in Arizona, Kansas, Missouri, New York, and Utah. Though sales for the holiday season rose 4.3% compared to …

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Merck Job Cuts On the Rise, Cuts Could Prove Beneficial

For months, the struggling New Jersey- based pharmaceutical conglomerate has been struggling, and the numbers they’ve been producing have only made their financial woes more evident. But, yesterday the company set a new plan of action in motion. Merck & Co. announced in a press release on Tuesday that they would be eliminating approximately 20% of their work force. The …

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More Huge Layoffs Coming to BlackBerry

Throughout 2012, BlackBerry (RIM at the time) laid off thousands of workers in an attempt to shore up quarterly numbers. The company was still months away from the reveal of its BlackBerry 10 smartphones, and analysts had begun writing the company off. BlackBerry made it to January and unveiled its smartphones, which the company believed would revitalize its sales and …

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RIM Trims the Fat with Substantial Job Cuts as they Struggle to Stay in Business

Research in Motion (RIM) has been struggling for awhile, and has definitely lost its foothold in the marketplace giving way to increasingly popular iOS and Android devices. While their BlackBerry line was once considered an enterprise communication standard, they are now struggling just to stay in business. The Wall Street Journal reported yesterday, that RIM has already been proactive in …

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Nokia Cuts Jobs as it Struggles to Stay Afloat

Nokia is struggling to stay afloat ever since Apple introduced the iPhone.In fact, Samsung and Apple have gained huge handset market shares and Nokia is on a roll with four straight quarterly loses in a row. Today they announced a reduced earnings forecast for the remainder of 2012, and they really don’t expect to turn a profit in 2013 either. …

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