Jan 25 (Reuters) - IBM Corp (IBM.N) on Wednesday announced 3,900 layoffs as part of some asset disposals and missed its annual cash target, dampening fourth-quarter revenue expectations .Chief Financial…
Jan 25 (Reuters) - Microsoft Corp's (MSFT.O) lackluster quarterly outlook portends further gloom for the tech sector, analysts said, after the tech leader warned customers that they were cautious about…
Expects first quarter core earnings to be lower than last yearExpects to see the effect of cost savings from the second quarterCost savings to include downsizing -CFOGross margin fell to…
Jan 18 (Reuters) - Anxious to boost margins and ease investor concerns at a time of slowing sales growth, major U.S. tech companies are set to cut staff and inflated…
DAVOS, Switzerland, Jan 18 (Reuters) - Microsoft Corp (MSFT.O) said on Wednesday it would cut 10,000 jobs and bill $1.2 billion as its cloud computing customers reevaluate their spending and…
Jan 17 (Reuters) - Decades-high inflation and the impact of war in Ukraine have forced European companies to lay off or freeze hiring.Here are some of the companies that have…
Jan 11 (Reuters) - Big tech companies and Wall Street titans are leading a series of U.S. corporate layoffs as businesses seek to rein in costs to ride out the…
SHANGHAI, Dec 12 (Reuters) - The China-weary public and businesses have welcomed the relaxation of strict "zero-COVID" measures, but Jorry Fan, who lives in the eastern city of Suzhou, said…
H&M cuts 1,500 jobs as part of cost-cutting campaignThe company faces fierce competition and rising costsFourth quarter book restructuring charge of $75.8 millionCOPENHAGEN, Nov 30 (Reuters) - Swedish fashion giant…
Nov 30 (Reuters) - Corporate America is preparing for a potential economic downturn by reducing the employee base as part of its streamlining measures.Job cuts announced by US-based employers jumped…