On Jan. 28, Starbucks said that it planned to slash nearly 7,000 more jobs during a new round of store closures and other cuts as it reported profit drop of 69 percent.
Goodyear, the nation's largest tire maker announced Feb. 18 that it would eliminate an additional 5,000 jobs on top of the 4,000 it cut last year. The news came as the company posted a loss of $330 million and a 21 percent decline in sales.
Hurt by slumping sales of both its digital and film-based photography products, Eastman Kodak said Jan. 29 that it would cut 3,500 to 4,500 jobs.
Motorcycle manufacturer Harley-Davidson said Jan. 23 that it would cut 1,100 jobs over two years and scale back its operations as its fourth-quarter profit slid 58 percent.
United Airlines announced Jan. 21 it will cut 1,000 jobs, bringing the total reduction in its salaried and management staff to approximately 2,500, or nearly 30 percent, since the beginning of 2008.
Audio equipment maker Bose Corp. announced Jan. 20 it will cut 1,000 jobs, about 10 percent of its workforce.
As it prepares for what it expects will be its first annual loss in nine years, Nissan plans to cut 20,000 jobs worldwide. Like other Japanese automakers, Nissan has been battered by the global slump and a strong yen which ate into profits by eroding overseas earnings when converted back to yen.
In an attempt to cut costs, discount retailer Target said Jan. 27 that it would cut 9 percent of its headquarters staff, shut a distribution center in Little Rock, Ark, impose a salary freeze for senior management and reduce planned store openings.
Wal-Mart has performed much better than most other U.S. retailers during the weak economy. But it wasn't enough to prevent layoffs. The company said Feb. 10 that it would shed up to 800 jobs at its headquarters.
Driven by deteriorating global economic conditions, software giant Microsoft, which reported an 11 percent second-quarter profit drop, said Jan. 22 that it would slash 5,000 jobs over the next 18 months.
On the heels of its purchase of National City Corp., Pittsburgh-based PNC Financial Services Group said Feb. 3 that it will cut 5,800 jobs -- nearly 10 percent of the combined banks' workforce -- by 2011.
In a company-wide email sent Jan. 20, radio and billboard giant Clear Channel Communications announced plans to lay off 1,850 employees as the economic downturn has decimated advertising budgets.
Texas Instruments Inc., which makes chips for cell phones and other gadgets, said Jan. 26 that it will cut 3,400 jobs because demand has slackened amid a slowing economy.
Speaking to investors Feb. 6, the chief executive of industrial conglomerate Emerson Electric Co. says the St. Louis company will cut its workforce to about 120,000 by October, down from a peak of 141,000 in 2008.
Chip maker Advanced Micro Devices announced Jan. 16 it will cut 1,100 workers, or roughly 9 percent of its global workforce, as demand for computers weakens.
In an effort to offset a slump in personal computer demand, microprocessor manufacturer Intel Corp. on Jan. 21 said it would cut as many as 6,000 manufacturing jobs, including at factories in Oregon and California.
Google Inc. announced Jan. 15 it would cut 100 recruiting jobs and close three engineering offices.
As it continues to restructure its business, struggling General Motors announces that it will eliminate an additional 10,000 salaried jobs -- 3,400 of which will be cut in the U.S.
Aircraft manufacturer Boeing said Jan. 28 it will cut 10,000 jobs, or about 6 percent of its workforce, as it struggles with the aftermath of a strike and a slowing global economy. This figure includes the 4,500 job cuts it announced Jan. 9.
Just days after annnouncing that it would wipe out 20,000 positions, heavy equipment maker Caterpillar said Jan. 30 that it would shed an additional 2,100 jobs as it scales back production to match falling demand.
India's first RubyConf is happening in Bangalore early next year. RubyConf India is presented by ThoughtWorks and supported by RubyCentral.
Posts
