NEW YORK (Reuters) - U.S. newspaper publisher McClatchy said on Monday it would cut 1,600 jobs, or about 15 percent of its workforce, in an attempt to deal with the faltering economy and a decline in advertising revenue.
Internet giant Yahoo! said Tuesday it would cut some 600 jobs, or about four percent of its global workforce, in the third wave of layoffs at the company since late 2008."Today?s personnel changes are part of our ongoing strategy to best position Yahoo! for revenue growth and margin expansion and to support our strategy to deliver differentiated products to the marketplace," the company said in a statement.A Yahoo! spokesperson confirmed the "action impacts approximately four percent of our global employee base or 600 employees.
Struggling electronics retailer Best Buy Co Inc plans to cut about 2,400 jobs -- 1.4 percent of its workforce -- including 600 Geek Squad technicians, a spokesman for the company confirmed on Friday. The ...
CHICAGO (Reuters) - Kimberly-Clark Corp said on Thursday that it would cut about 1,600 salaried jobs, or roughly 3 percent of its workforce and take up to $150 million in charges as it tries to become more competitive in the recession.
(Reuters) - Electronics retailer Best Buy Co Inc plans to cut about 2,400 jobs, including 600 of its Geek Squad employees, a source familiar with the cuts said. The cuts represent 1.4 percent of the company's 167,000 workforce and come on top of jobs associated with store closings the company announced previously. Best Buy could not immediately be reached for comment on the job cuts. (Reporting By Brad Dorfman)
Xerox Corp. said Thursday it plans to cut some 2,500 jobs, or five percent of its workforce, in a cost-cutting move aimed at saving some 200 million dollars a year.Xerox, which had 53,600 employees at the end of December, has already slashed 3,500 jobs starting in late 2008.The latest job cuts were announced by Xerox chief executive Ursula Burns during a presentation of the photocopier company's fourth-quarter results.Burns said some of the job losses would come in Europe but did not give a figure.
Internet giant Yahoo has reported a drop of 78 percent in the first three months of the year. The group has decided to cut around 600 more jobs, representing almost five percent of its worldwide workforce.
LOS ANGELES (Reuters) - Hershey Co plans to cut 500 to 600 jobs, or up to 5 percent of its workforce, as part of a restructuring aimed at upgrading and enlarging its facilities to compete globally and save some $60 million to $80 milllion in annual costs.