Hitachi cuts 10 percent of U.S. work force
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The company axes 400 jobs, joining other hard drive makers in eliminating staff.
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Nortel Networks Corp. NT.TO said on  Thursday it will eliminate almost 10 percent of its workforce,  slightly less than it previously expected, and consolidate real  estate in a cost-cutting plan that will save $500 million in  2005.
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Intel Corp. , the world's largest semiconductor maker, will cut 10,500 jobs as part of chief executive Paul Otellini's plan to reduce costs by $3 billion annually starting in 2008.
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Battered by a downturn in the housing market, the company is laying off about 10% of its workforce at its headquarters in Atlanta.
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SBC Communications expects to cut 10,000 or more jobs by the end of next year through layoffs and attrition. That&#39;s about six percent of the San Antonio-based company&#39;s work force.
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Hitachi Ltd., Japan's largest electronics conglomerate, said on Wednesday its quarterly profit fell nearly by half due to price falls in plasma TVs and other electronics goods, and cut its full-year outlook.
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Firms left unsatisfied with disks under two inches Hitachi plans to drop production of miniature hard disk drives used in digital music players and video cameras, according to the Japanese business newspaper Nikkei.â¦
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Hitachi says it is pulling out of the sale of personal computers in order to focus on larger network systems.
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Cingular Wireless has said it plans to cut at least 10 percent of its workforce -- some 7,000 jobs -- over the next year and a half.
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Hitachi Ltd  said on Tuesday it  is withdrawing from the home personal-computer business amid  sluggish sales, the latest move by a Japanese electronics group  to trim struggling operations.
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Job cut announcements by US employers totaled more than 100,000 for a second month in October, suggesting companies may trim work forces in anticipation of fewer orders, a private survey found.
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Cingular Wireless, the nation's largest cellular phone company, plans to cut about 10 percent of its work force as a result of its purchase of AT&T Wireless.
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Nortel Networks said on Thursday it will slash its work force by 3,500, or 10 percent, as it struggles to recover from an accounting scandal that toppled three top executives and led to a criminal investigation and lawsuits.
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Clothing maker Liz Claiborne Inc. is planning to cut as much as 10 percent of its work force, the New York Post reported on its Web site on Tuesday.
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elta Air Lines said yesterday that it was cutting the pay of executives and other salaried workers by 10 percent and making other changes meant to help it avoid a bankruptcy filing.
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Intel Corp.  said on  Tuesday it will cut a total of 10,500 workers, or 10 percent of  its workforce, by the middle of next year, as part of a  restructuring aimed at making the world's biggest chipmaker  more competitive.
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The SanDisk Corporation said it would cut 10 percent of its work force and trim executive salaries to compensate for a recent collapse in prices for memory chips.