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Credit Suisse announces 4,000 job cuts amid big Q4 loss

Credit Suisse announces 4,000 job cuts amid big Q4 loss

Credit Suisse is cutting roughly 4,000 jobs to reduce costs after announcing a massive pre-tax loss in the fourth quarter that includes "substantial charges which are not reflective of our underlying business performance," the bank said Thursday.

Half a million jobs to be cut globally! Check out which cos are slashing jobs

Half a million jobs to be cut globally! Check out which cos are slashing jobs

We give a list of some of the major companies of the world that are cutting jobs.

Ford to cut hundreds of jobs in Europe to boost profitability

US auto giant Ford plans to cut hundreds of jobs in Europe in a bid to strengthen profitability in the region, it said Wednesday, just days after turning in its first annual profit in years.

Shell Q2 net profit drops 37%, to cut 6,500 jobs this year

Royal Dutch Shell on Thursday reported a 37 percent drop in second quarter profits and said it would cut 6,500 jobs this year and reduce spending further to deal with an extended period of lower oil prices.

News Corp`s WSJ seeing cuts, shifting resources

News Corp`s WSJ seeing cuts, shifting resources

The Wall Street Journal and its Dow Jones parent announced Thursday an unspecified number of job cuts and the closing of some foreign bureaus as they shift resources into digital.

'HSBC set to cut thousands of jobs globally'

HSBC Holdings Plc is planning to cut thousands of jobs globally and is set to make an announcement next week, Sky News reported on Monday, citing unidentified sources.

BlackBerry cuts jobs worldwide as it consolidates businesses

Canadian smartphone maker BlackBerry Ltd is cutting jobs across the world, the company said on Friday, as it consolidates its software, hardware and applications business.

Schlumberger cuts 9,000 jobs due to low oil prices

Oil services company Schlumberger Thursday said it was firing 9,000 workers due to plunging oil prices that have forced petroleum companies to cut drilling budgets.

Australian Broadcasting Corporation to cut 400 jobs

More than 400 jobs could be lost at the Australian Broadcasting Corporation, the head of the organisation said on Monday, after the government cut funding.

Ericsson eyes $1.2 bn savings, may cut more jobs

Telecom equipment maker Ericsson is looking at various measures, including job cuts, to increase operational efficiencies and reduce cost by SEK 9 billion (USD 1.2 billion) by 2017.

Cisco to lay off 6,000 people; India may see job cuts

Networking solutions giant Cisco will lay off up to 6,000 employees globally, including India, after it reported a marginal decline in profits and revenues for the fourth quarter.

Microsoft CEO signals changes, defers talk on job cuts

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."

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

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.

Gold up 0.54% on global cues

Gold rose by 0.54 percent to Rs 30,220 per 10 gram in futures trade on Thursday as participants engaged in enlarging their positions mostly supported by a firming trend overseas.

Gold import will remain compressed in 2013-14: Chidambaram

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

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.

HSBC to slash down another 14000 jobs

HSBC is determined to slash 14000 jobs despite earning huge profits and plans for a cost-cutting worth 2 billion pounds over the next three months.

Greece adopts bill to cut 15,000 civil servant jobs

The Greek parliament has voted to adopt a law that provides for the dismissal of 15,000 civil servants as part of austerity measures imposed by the country's international creditors.

Ten global cos cut one lakh jobs in 2012; HP tops the list

With an aim to save costs in troubled economic times, just 10 companies together have announced nearly one lakh job cuts worldwide since start of 2012 and they include giants like HP, Google and Citigroup.

Tata Steel to cut 900 jobs in UK

Tata Steel Friday said it will cut 900 jobs in the UK and close 12 sites as part of major restructuring of European operations to make it an "all- weather" steel producer, capable of succeeding in difficult economic conditions.