DealBook Blog: 3,000 Layoffs Today. More Tomorrow?
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The axe has fallen. Bank of America said it will eliminate 3,000 jobs following its announcement last week of a huge drop in earnings for the third quarter. Most of the layoffs will come from its investment banking unit. BofA also said it was starting a strategic review of its investment banking business, raising [...].
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Blog: Along with preliminary earnings release, the company announces it will lay off 10 percent of workers to trim costs.
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Bank of America began cutting jobs Wednesday but officials would not confirm how many or where. But a spokeswoman said cuts were occurring, and would eventually reach 12,500, the same number given in spring when the merger became final.
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SBC Communications SBC.N may shed  more than 10,000 jobs from its workforce through the end of  2005 using attrition and involuntary cuts, the company said in  a filing with U.S. market regulators on Friday.
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By Anne Krishnan, The News & Observer, Raleigh, N.C.  Feb. 28--Lenovo might be planning 1,000 layoffs worldwide to cut costs in  the ultra-competitive PC market, according to newspaper and wire reports from  Asia.
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A rash of job cuts - more than 10,000 layoffs this week from a handful of companies â-as created some gloom on the job front. But today&#39;s release of jobs data for September was
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Marsh &amp; McLennan, a subject of New York state Attorney General Eliot L. Spitzer&#39;s investigation of insurance bid-rigging, said it will lay off 3,000 employees, about 5 percent of its workforce.
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Plus: Gateway trims loss in third quarter...EDS delays earnings...Amazon outlook disappoints...PeopleSoft exceeds targets.
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Business & money: 9.30am: Shares in the bank jumped almost 3% after recommendation.
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The following are comments from stock market analysts and strategists about the US Labor Department&#39;s report that US nonfarm payrolls expanded by a less-than-expected 96,000 in September.
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The company's development group has been hit with layoffs.
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Bank of America says it is to cut about 3,000 jobs as it restructures its loss-hit investment bank division.
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As expected, Yahoo Inc   began carrying out lay-offs up to 1,000 employees on Tuesday,  as part of job cutbacks announced last month, several employees  at the company's headquarters said on Tuesday.
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A few thoughts on the earnings warning.
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STAFF WRITER; Staff writers Alan J. Wax and Regina Marie Glick contributed to this story. As Bank of America pushes ahead with its takeover of Fleet Bank, about 1,000 jobs were cut companywide yesterday throughout the Northeast, ...
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Intel is expected to unveil a massive layoff as soon as Tuesday that could eliminate thousands of jobs, according to a pair of published reports.
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Merrill Lynch & Co  plans to  announce about 1,600 layoffs after disclosing fourth-quarter  write-downs, CNBC reported on Thursday.