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Barclays axes 19,000 jobs, reins in Wall Street ambitions

Last Updated: Friday, May 09, 2014, 09:40

Britain`s Barclays reined in its ambitions to be a Wall Street powerhouse on Thursday and signalled a return to its retail roots with a plan to hive off much of its investment bank and axe one in four jobs at the division.

US department store giant Macy's to cut 2,500 jobs

Last Updated: Thursday, January 09, 2014, 05:51

US department store giant Macy`s said Wednesday it will eliminate 2,500 jobs as a cost-cutting move, equivalent to about 1.4 percent of its workforce.

HP may cut 34,000 jobs by Oct this year

Last Updated: Wednesday, January 01, 2014, 20:52

However, details on which locations would be impacted by the decision were not disclosed.

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.

Ford to cut "several hundred" jobs in Europe

Last Updated: Wednesday, September 26, 2012, 21:13

Ford of Europe expects the programmes to result in the reduction of several hundred salaried positions, the spokesperson said but added the "exact figures won't be known for a few months".

Olympus to cut 2,500 jobs

Last Updated: Thursday, May 31, 2012, 09:07

Japanese camera and medical equipment maker Olympus Corp is planning to lay off about 2,500 employees in overseas factories, Xinhua reported.

No specific details on job cut; India biz fantastic: PepsiCo

Last Updated: Thursday, February 09, 2012, 22:30

Global food and beverages major PepsiCo, which on Thursday announced 8,700 job cuts worldwide, did not provide country specific details - including impact on employees in India - but said its business was "fantastic" in the country.

PepsiCo to cut 8,700 jobs globally, eyes $1.5bn saving by 2014

Last Updated: Thursday, February 09, 2012, 21:56

Global food and beverages giant PepsiCo will cut 8,700 jobs across 30 countries as part of a programme to save up to USD 1.5 billion by 2014 to offset high commodity costs and increased spending on advertising and marketing.

AMR wants to cut 13,000 jobs, pensions

Last Updated: Thursday, February 02, 2012, 10:15

AMR Corp, the parent of bankrupt American Airlines, wants to slash 13,000 jobs and terminate employee pension plans as part of a cost-cutting strategy the carrier says is necessary to compete with rivals.

RBS to cut 4000 investment banking jobs

Last Updated: Thursday, January 12, 2012, 13:00

Royal Bank of Scotland is expected to axe up to 4,000 investment banking jobs and sell or shut part of the business on Thursday after being told to reduce risk and focus more on domestic retail and corporate banking.

Citigroup could cut up to 3,000 jobs: Report

Last Updated: Wednesday, November 16, 2011, 10:49

Citigroup In is planning to cut as many as 900 jobs from its securities and banking division as it grapples with turmoil in equity and debt markets, the Wall Street Journal reported Tuesday.

Jet Airways rules out job losses in cost cutting drive

Last Updated: Wednesday, November 09, 2011, 13:41

Jet Airways Ltd, India's top private carrier, said on Wednesday it has no plans to cut jobs in drive to save costs and instead look to non-payroll areas to streamline operations.