EDS to cut up to 20,000 jobs over two years
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Electronic Data Systems plans to cut 15,000 to 20,000 jobs over the next two years, as the struggling technology services giant tries to slash costs and regain its footing.
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Pfizer Inc.  said on Tuesday it would cut its U.S. sales force by about 20 percent, or some 2,200 jobs as part of a comprehensive cost-cutting program.
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Company plans to cut up to 7000 jobs this year as it transitions to digital technologies.
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TriQuint Semiconductor Inc. said Monday that it is cutting about 200 jobs as part of a plan to save $18 million per year by restructuring its optoelectronics business.
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Deutsche Telekom AG's mobile phone arm, T-Mobile, said Thursday it would likely shed 2,200 jobs - about 10 percent of its work force - in order to save $195 million over the next two years.
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The company cuts its 2004 earnings outlook by 20%, citing many reasons.
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Swiss Re  will cut 2,000 jobs  by 2007, or 17.5 percent of its global workforce, through  layoffs and attrition in the wake of its &#36;7.4-billion takeover  of U.S.-based GE Insurance Solutions, the company said on  Tuesday.
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PLANO, Tex. (CP) - Electronic Data Systems is cutting 4,600 jobs through early retirement and taking a $150 million US charge in the fourth quarter, the information technology company said Tuesday.
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Engineering firm Rolls-Royce says its plans to cut up to 2,300 jobs to reduce costs and improve efficiency.
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DALLAS - Troubled technology giant Electronic Data Systems Corp. could eliminate 15,000 to 20,000 jobs - up to one-sixth of its work force - in coming years to help reduce costs by about $3 billion, chief executive Michael H...
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Network gear maker Enterasys Networks  Inc. ETS.N on Friday said it would cut about 115 jobs and  said expects to record severance charges of $3.5 million to  $3.8 million.
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US IT services giant EDS Corp., which employs about 1,400 staff in Ottawa, may cut up to 20,000 jobs over the next few years as it attempts to reduce costs by US$3 billion.
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AT&amp;T Corp. will cut more than 20 percent of its workforce this year, ratcheting up its planned layoffs from a previously estimated target of 8 percent, the long-distance telecommunications carrier announced Thursday.
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T-Mobile, Germany's leading mobile phone operator, said it was planning to axe up to 2,200 jobs as part of a  one-billion-euro (1.3-billion-dollar) cost-cutting drive to boost profitability in face of current difficult market conditions.
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Pfizer Inc.  said on Tuesday it would cut its U.S. sales force by about 20 percent, or some 2,200 jobs, as part of a comprehensive cost-cutting program.
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AT&T Corp. will cut more than 20 percent of its workforce this year, ratcheting up its planned layoffs from a previously estimated target of 8 percent, the long-distance telecommunications carrier announced Thursday.
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The new owners of music label EMI Group Â home of the Rolling Stones, Coldplay and the Spice Girls Â said Tuesday that they plan to cut up to 2,000 jobs, or more than a third of its work force, in a restructuring aimed at offsetting the impact of falling revenue from CD sales and the departure of several of its major artists.