UPS slid before the opening bell Tuesday as the package delivery company announced that it’s eliminating approximately 12,000 jobs and looking at strategic options for its Coyote truck load brokerage business. Last year union members at UPS voted to approve a tentative contract agreement, putting a final seal on contentious labor negotiations that threatened to […]
Turns out that spending $69 billion in a major acquisition deal can have dire consequences on the bottom line. Now — as cold as this may be — what’s the easiest way to massage that bottom line? Reducing payroll. And that’s exactly the strategy that Microsoft appears to be adopting after it announced a massive […]
LONDON — Online retailer eBay Inc. will cut about 1,000 jobs, or an estimated 9% of its full-time workforce, saying its number of employees and costs have exceeded how much the business is growing in a slowing economy. It marks the latest layoffs in the tech industry. CEO Jamie Iannone said in a message to […]
Indian firm Tata Steel announced Friday it will close both blast furnaces at its plant in Port Talbot, Wales, eliminating 2,800 jobs, as part of plans to make its unprofitable U.K. operation leaner and greener. Source link
Welcome, Login to your account.
Welcome, Create your new account
A password will be e-mailed to you.