Economy, Job Cuts | featured news

Boeing Co reported an unexpected fourth-quarter loss on Wednesday and said it is targeting 10,000 job cuts this year.

Up to 51 million jobs worldwide could disappear by the end of this year as a result of the economic slowdown that has turned into a global employment crisis, a United Nations agency said on Wednesday.

The recession is killing jobs at an alarming pace, with more than 33,000 new layoffs announced Monday by some of the biggest names in American business - Pfizer, Caterpillar and Home Depot. More pink slips, pay freezes...

Home Depot is cutting 7,000 jobs and closing its 34 Expo Design Centers as the recession continues to batter the U.S. housing market.

An anemic ad market is expected to depress the Web portal's Q4 earnings.

India-owned Corus - Europe's second-largest steelmaker - is to axe 3,500 jobs worldwide, the BBC learns.

Microsoft Corp posted quarterly results that missed Wall Street expectations, announced it would cut up to 5,000 jobs and said it could no longer offer profit forecasts for the rest of the fiscal year.

Germany's largest retailer, Metro, is planning to cut 15,000 jobs or 5% of its workforce due to the economic slowdown.

Microsoft Corp is considering significant layoffs across its various divisions, The Wall Street Journal reported on Wednesday, citing people familiar with the company’s plans.