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Novartis announces 2,000 job losses, profits up

Swiss pharmaceutical giant Novartis announced 2,000 job losses Tuesday, mostly in Switzerland and the United States, while reporting net profits of $3.53 billion (2.5 billion euros) for the third quarter.

Medicine & Health / Other

created Oct 25, 2011 | popularity 5 / 5 (1) | comments 0

IBM cuts hundreds of jobs, sliver of 400K workers

(AP) -- IBM Corp. cut more than 1,500 jobs across a number of divisions Monday, a sliver of the technology company's nearly 400,000 workers worldwide.

Technology / Business

created Mar 02, 2010 | popularity not rated yet | comments 0

US tech sector job cuts highest since 2005: report

The number of job cuts in the US technology sector rose for the second year in a row last year hitting the highest level since 2005, according to a report.

Technology / Business

created Jan 19, 2010 | popularity 5 / 5 (1) | comments 0

Nokia to ax 220 R&D jobs in Japan

(AP) -- Nokia Corp. said Tuesday it is axing 220 jobs at research and development units in Japan as the world's largest mobile phone maker continues to cut costs.

Technology / Business

created Nov 24, 2009 | popularity not rated yet | comments 0

AOL offers buyouts to over a third of work force

(AP) -- The struggling Internet company AOL plans to shed up to 2,500 jobs - more than a third of its work force - as it prepares to separate from Time Warner and finally sever their ill-fated marriage.

Technology / Business

created Nov 19, 2009 | popularity not rated yet | comments 0

AOL to log additional $200M in restructuring costs

(AP) -- New regulatory filings suggest many more layoffs could be coming at AOL LLC as it separates from Time Warner Inc. by the end of the year.

Technology / Business

created Nov 12, 2009 | popularity not rated yet | comments 0

Corporations rethinking IT's role in cutting corporate costs, boosting productivity

The current recession has focused top information technology executives on cost-cutting, but they are not slashing jobs the way they did in previous economic downturns, according to a 2009 benchmark report commissioned by ...

Technology / Business

created Oct 05, 2009 | popularity not rated yet | comments 0

Microsoft moves forward on plan to lay off 5,000

(AP) -- Microsoft Corp. is pulling the trigger on thousands of the 5,000 job cuts it announced in January.

Technology / Business

created May 05, 2009 | popularity 5 / 5 (1) | comments 1

High-tech layoffs climb in first quarter

During the first three months of 2009 the high-tech sector in the U.S. suffered its deepest layoffs in seven years, according to a firm that tracks the jobs market.

Technology / Business

created Apr 06, 2009 | popularity 4 / 5 (1) | comments 0

Dell to cut further 230 jobs in Ireland: report

US computer giant Dell is set to lay off up to 230 more workers in Ireland as a part of cost-cutting plans, RTE state radio said on Friday.

Technology / Business

created Mar 20, 2009 | popularity not rated yet | comments 0