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Microsoft CEO signals changes, defers talk on job cuts

Last Updated: Friday, July 11, 2014, 00:59

Microsoft Corp Chief Executive Satya Nadella deferred any comment on widely expected job cuts at the software company on Thursday, after circulating a memo to employees promising to "flatten the organization and develop leaner business processes."

Sesa Sterlite plans layoffs

Last Updated: Tuesday, March 11, 2014, 22:35

However, it was not immediately clear when the move will be enacted or and how many employees will be laid off.

JPMorgan to cut 8,000 jobs, lowers 2014 profit target

Last Updated: Wednesday, February 26, 2014, 09:56

JPMorgan Chase & Co , the largest U.S. bank, announced thousands of job cuts on Tuesday as the mortgage lending business slows, and said it was lowering its profitability target.

Sony cuts 5,000 jobs, exits PC business and tips $1 bn loss

Last Updated: Thursday, February 06, 2014, 17:16

Sony warned today it would book a USD 1.08 billion annual loss as it cuts 5,000 jobs and exits the stagnant PC market this year.

AgustaWestland warns of job cuts as India scraps deal

Last Updated: Friday, January 03, 2014, 06:44

Italian defence group Finmeccanica said on Thursday its AgustaWestland unit welcomed a decision by the Indian government to take part in an arbitration process over a $770 million helicopter deal, but warned of possible job cuts.

Qantas relegated to junk status after shock loss warning

Last Updated: Friday, December 06, 2013, 11:24

Embattled Qantas Airways Ltd was relegated to junk status by credit rating agency Standard & Poor's on Friday, a day after the Australian carrier issued a shock loss warning that sent its shares to a 16-month low.

Qantas to cut 1,000 jobs, says challenges `immense`

Last Updated: Thursday, December 05, 2013, 13:11

Australian carrier Qantas said it would axe 1,000 jobs and anticipates "immense" challenges ahead in a shock profit warning Thursday, flagging a half-year loss of up to Aus dollar 300 million (USD 271 million).

Acer shares tumble by daily limit after CEO resigns, job cuts

Last Updated: Wednesday, November 06, 2013, 09:45

Shares of Acer Inc fell by their daily limit on Wednesday after the company announced a restructuring plan with a new chief executive and a 7 percent reduction of its workforce after a worse-than-expected quarterly loss.

Gold import will remain compressed in 2013-14: Chidambaram

Last Updated: Friday, November 01, 2013, 21:37

Gold imports rose to 23.5 tonnes in October from 11.164 tonnes in September.

Jobs on the line as gold sector suffers under curbs

Last Updated: Friday, November 01, 2013, 11:24

Squeezed by government rules meant to curb a surge in gold imports, India`s bullion industry is shrinking, with banks and others opting to redeploy personnel for now but possibly facing big job cuts in coming months.

Campus placements likely to be lower next year: Survey

Last Updated: Tuesday, October 29, 2013, 21:38

With continuing economic uncertainties, head-hunters in the country are likely to hire lower number of students through campus placements next year.

Alcatel-Lucent announces 10,000 jobs cut around the world

Last Updated: Tuesday, October 08, 2013, 17:40

The company has lurched from crisis to false dawn to crisis since it was formed of a merger, and is restructuring and refocusing its activities to staunch losses.