Goldman Sachs says to cut 5 percent of workforce
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U.S. investment bank Goldman Sachs plans to sack about 5 percent of its global workforce in coming months after its annual staff evaluation, a company spokesman said on Friday.
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Eli Lilly and Co. said Thursday it will eliminate 575 jobs to streamline operations and become more competitive. The employees in those positions, mostly sales and support jobs, will be given the choice of
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Bank of America said today it will cut about 2.5 percent of its work force beginning this month as a result of its merger with FleetBoston.
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The State Compensation Insurance Fund, a state-affiliated insurer that dominates workers&#39; compensation insurance in California, said yesterday that it plans to cut its average insurance rates by 5 percent.
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Goldman Sachs Group Inc  and  Credit Suisse Group  on Friday said they will cut  about 2,000 job worldwide as a credit crisis puts a damper on  fixed-income trading and corporate dealmaking.
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Marsh &amp; McLennan Companies Inc. announced disappointing earnings for the third quarter and said it will lay off 3,000 employees, or about 5 percent of its work force, because of fallout from a bid-rigging
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The Houston Chronicle said on Tuesday it will lay off about 5 percent of its work force, the latest round of job cuts in a U.S. newspaper industry hit by declining advertising sales.
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CHARLOTTE, N.C.  -- Bank of America Corp. said Thursday that it plans to cut about 2.5 percent of its work force, eliminating about 4,500 jobs as part of a restructuring following its acquisition of FleetBoston Financial Corp. last spring.
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Chemicals group DuPont Co.  said on Monday it would close or streamline 10 plants and cut 1,500 jobs - 2.5 percent of its overall workforce - as part of a plan to restructure its nutrition and crop protection business.
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Oracle Corp ORCL.O, the  business software maker that recently acquired rival  PeopleSoft, said on Friday it plans to cut the combined work  force of the two companies by about 5,000 people, leaving a  total of 50,000 employees.
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US Airways Group Inc. plans to eliminate "hundreds" of management and nonunion jobs and cut top executives' pay by between 5 and 10 percent.
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Credit card company Capital One Financial plans to eliminate 2,000 jobs, or about 6 percent of its workforce, as part of a $700 million restructuring, the company said yesterday.
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Bank of America Corp. said Thursday it will cut about 4,500 jobs, or about 2.5 percent of its work force, beginning this month as a result of its merger with FleetBoston Financial Corp.
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Wyeth said Friday that it might cut as many as 5,000 jobs, after federal regulators delayed four medicines in the last year.
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Oracle will eliminate about 5,000 jobs following its $10.3 billion acquisition of PeopleSoft, the company said Friday.
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Bank of America Corp. (NYSE: BAC) plans to cut about 2.5 percent, or 4,500 jobs from its workforce, and it&#39;s unclear how those cuts will affect Austin employees.
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More than 5 million people will lose their jobs this year as the world economy slows, an official at the U.N. labor agency said Thursday.