Jobcuts

BlackBerry about to report a huge loss, will also shed 4500 jobs

The company, which has struggled to claw back market share from the likes of Apple Inc's iPhone and Samsung Electronics Co Ltd's Galaxy phones, said it expects to report a net operating loss of between $950 million and $995 million in the quarter ended August 31, due to writedowns and other factors.<br /><br />

Cutbacks: IBM lays off workers as company eyes new markets

IBM has laid off an undisclosed number of workers this week as the company intensifies its focus on some of some of the technology industry's hottest markets.

TCS Finland to lay-off 290 employees in attempt to shift jobs to India

HSBC to cut 1,149 UK jobs in new cost-cutting drive

HSBC said 3,166 UK jobs would be affected by the latest plans, but the bank expects to redeploy just over 2,000 of the staff. It adds to 2,200 UK job cuts made a year ago.

Google's Motorola unit suspends India ops, cuts 76 jobs

Google Inc's Motorola Mobility unit has suspended operations in India indefinitely and also slashed 76 jobs here as part of its cost cutting strategy globally

Barclays to axe 3,700 jobs in restructuring plan

Barclays also unveiled plans to pay its investment bankers an average bonus of 54,100 pounds, down 17 percent on the year before. Bonuses across the bank will total 1.85 billion pounds, down 14 percent on the year.

FT plans job cuts, to reshape paper for 'digital age'

Financial Times (FT) plans to cut a net total of around 25 jobs as part of a plan to restructure the group to cut costs and focus primarily on its digital service

Morgan Stanley cuts 1,600 jobs as business languishes

The staff cuts are a symptom of the current ailing business environment in which Wall Street banks are operating, with few areas of revenue growth to improve profits.

Tata Steel to cut 900 jobs across UK as part of rejig plan

Tata Steel said on Friday it would cut 900 jobs across the UK as part of a restructuring plan aimed at improving its performance in "changing markets".

HSBC profit hit by $800m charge for US fine, cuts 30,000 jobs

HSBC has taken a $1.15 billion hit to cover a potential US fine for lax anti-money laundering controls and to pay compensation for mis-selling products in Britain, eating into its quarterly profit.