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JPMorgan to slash 19,000 jobs by end-2014

JPMorgan

US banking giant JPMorgan Chase plans to eliminate 19,000 jobs by the end of 2014 as it seeks to rein in costs, the company said Tuesday in an investor presentation.

Posted: February 27th, 2013 in Latest Business Stories | Read More »

UBS could shed 10,000 jobs—report

AFP Photo

The Swiss banking giant UBS could shed 10,000 jobs in the near future, according to a report on Saturday in the Tages Anzeiger daily.

Posted: October 13th, 2012 in Latest Business Stories | Read More »

Online firm said to lay off Filipino employees

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Online retailer Lazada.com.ph has cut a significant part of its workforce less than six months after it started operations.

Posted: September 1st, 2012 in Headlines | Read More »

It is ‘succeed or die’ for Nokia, observers say after cuts

This Feb. 8, 2012, file photo shows the Nokia offices in Salo, Finland. Nokia Corp. will lay off 10,000 jobs globally and close plants by the end of 2013, the company said Thursday June 14, 2012, in a further drive to save costs. The cuts mean that it will close some research and development projects, including in Ulm, Germany, and Burnaby, Canada.  AP PHOTO/LEHTIKUVA, JUSSI NUKARI

Nokia’s surprise announcement of massive new spending cuts and 10,000 more layoffs had observers cautioning the beleaguered mobile phone giant is at a crossroads that will determine if it sinks or swims.

Posted: June 17th, 2012 in Latest Business Stories | Read More »

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