"job cuts" tag
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Amazon extends last year’s job cuts to 18,000

The giant retailer said it had “hired rapidly” over the past few years. It also cited the “uncertain economy” as a reason for its latest round of job cuts. Giant retailer Amazon announced on Wednesday...

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Amazon plans to cut 10,000 jobs: reports

Online retail giant Amazon is planning to cut 10,000 jobs, which is 3% of its global workforce, as it grapples with the uncertain economy taking over globally, the New York Times (NYT) and Wall Street...

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Microsoft to end smartphone business?

Only two years after the US tech giant bought Nokia, it has now announced big cuts to its Finnish smartphone business. A Finnish union leader says this is the beginning of the end of Microsoft’s...

Portuguese parliament approves new spending cuts

The Portuguese government has voted in favor of altered spending cuts that had become necessary after an earlier Constitutional Court ruling. Lisbon was confident it would be able to meet EU deficit targets. Portugal’s center-right...

Spain’s Iberia announces massive job cuts

Spanish airline Iberia is bracing for layoffs affecting thousands of workers. The carrier, which is part of the International Airlines Group (IAG), has been logging heavy losses over the past nine months. Spanish carrier Iberia...