IBM Lays Off 1,500 Employees
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The company says the lay-offs are part of an ongoing overhaul of its services unit.
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JPMorgan Chase on Wednesday canceled its $5 billion outsourcing deal with IBM and said it would rehire about 4,000 workers who had been transferred to IBM under the arrangement.
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Siemens AG plans to cut 1,250 jobs in its wireline network business as it restructures the unit, the German engineering giant said Friday.
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International Business Machines Corp.  said it laid off about 1,570 employees on Wednesday in its computer services business in the United States, part of a plan to trim costs in the unit.
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First Horizon National Corp , the largest bank in Tennessee, said on Wednesday that it plans to eliminate at least 1,500 jobs by the middle of next year as it slashes its mortgage sales force and closes branches.
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Motorola, the world&#39;s second largest mobile phone maker, is cutting 1,000 jobs although its core cellphone business will be unaffected.
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American Airlines told its employees last night that it planned to lay off as many as 1,100 pilots, mechanics and other employees, as part of a cost-cutting program.
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J.P. Morgan Chase & Co. JPM.N said  on Wednesday it was canceling a $5 billion outsourcing deal  with IBM Corp., IBM.N and planned to rehire about 4,000  workers who had been transferred to IBM under the pact.
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Morgan Stanley  is cutting about  1,000 jobs in the coming week, part of efforts to trim costs  ahead of what it expects will be a tougher business  environment, a person briefed on the moves said on Thursday.
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General Motors Corp., the world&#39;s largest automaker, announced Tuesday that the 1,100 remaining workers at its Baltimore assembly plant will lose their jobs
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Hershey co.  on Thursday said it would cut about 1,500 jobs and reduce the number of production lines it operates by more than a third as it tries to streamline manufacturing to improve profits.
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Morgan Stanley  on Wednesday  said it will eliminate 1,000 jobs as it scales back its U.S.  residential mortgage operations and closes its British  residential mortgage lending business, Advantage Home Loans.
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Telecoms equipment maker Motorola said that it is cutting 1,000 positions globally as it completes the spin-off of its former chip unit, now known as Freescale Semiconductor.
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Telecommunications equipment maker Motorola Inc. said Tuesday that it would cut 1,000 jobs and take charges of about $50 million for severance benefits as part of a drive to increase productivity.
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JP Morgan Chase &amp; Co. said Wednesday it was canceling a $5 billion outsourcing deal with IBM Corp. and planned to rehire about 4,000 workers who had been transferred to IBM under the pact.
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Chip maker chips away at work force, cuts 7500 jobs.
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Citigroup plans to eliminate about 1,000 jobs at its corporate and investment bank, according to a person close to the company, the latest signal that the company is placing a renewed emphasis on cutting costs and bolstering shareholder returns.