Cable & Wireless to cut 600 jobs
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Telecoms group Cable & Wireless is to shed 600 jobs in the UK and Europe as part of an ongoing restructuring.
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Shares of EarthLink Inc. climbed more than 6 percent Tuesday after the Internet service provider said it would cut 900 jobs &#151; or about half its work force &#151; and close four offices in an effort to reduce operating costs.
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NEW YORK - America Online plans to cut about 700 jobs next month, a person familiar with the matter said yesterday. The 5 percent cut in its US work force is an attempt to meet financial targets as users leave the service for broadband connections.
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Office Depot Inc. (ODP.N: Quote, Profile, Research) said on Friday it will cut more than 650 jobs in North America, including 550 retail store positions, outsource some finance functions
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Citing sluggish sales, communications chip maker Agere Systems today said it will cut 500 jobs and sell or close a plant in Florida that employs 600 people.
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Cingular Wireless, the nation&#39;s largest cellular phone company, plans to cut about 10 percent of its work force, or 7,000 jobs, as a result of its purchase of AT&amp;T Wireless, the company said yesterday.
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Global Crossing Ltd. shares plummeted Monday after the once bankrupt telecommunications company announced it will cut about 600 jobs and scale down operations to free enough cash to stay fiscally afloat.
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Cable & Wireless, the UK telecoms firm that is cutting 3,000 jobs over five years, plans to boost the pay of top bosses.
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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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Sprint Corp., the telecommunications giant, said yesterday it will cut 700 jobs in its business solutions division as it stops selling business long distance services outside of package deals. The cuts represent 7.8 percent of the division's workforce.
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Sprint Corp., the telecommunications giant, said Friday it will cut 700 jobs in its business solutions division as it stops selling business long distance services outside of package deals.
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THE photo-equipment maker Kodak yesterday announced plans to axe 600 jobs in the UK and close a factory in Nottinghamshire, in a move in line with the giantâs global restructuring strategy unveiled last January.
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EarthLink Inc  said on Tuesday it will cut about 900 jobs, or nearly half its staff, as part of a restructuring to reduce costs at the Internet service provider.
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Telecommunications equipment maker Motorola Inc.  said on Tuesday that it would cut 1,000 jobs and take related charges of about &#36;50 million to focus on its wireless business.
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ZDNet&#39;s survey of IT professionals in August kept Wired &amp; Wireless on top for the 18th month in a row. AT&amp;T will cut about 7,000 jobs and reduce the value of its assets by $11.
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TUI, Europe's leading travel and tourism group, has said that it plans to cut 3,600 jobs, most of them in Britain.
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Boston Scientific Corp  said on Wednesday it would cut about 2,300 jobs, or about 9 percent of its workforce, and restructure or sell several business units as part of its efforts to reduce operating expenses.