layoffs
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British engine maker Rolls-Royce cuts 4,600 jobs

Jun 14, 2018 - 6:28 PM

The London-listed company, whose engines are used in Airbus and Boeing aircraft, says the latest cuts would produce $536 million of annual cost savings by the end of 2020

ENGINE MAKER. File photo shows a Rolls Royce Trend 1000 engine exhibited during the Singapore Airshow on February 7, 2018.  Photo by Roslan Rahman/AFP

Fujifilm says to slash 10,000 jobs at Fuji Xerox subsidiary

Jan 31, 2018 - 2:50 PM

The Tokyo-based firm announces 'personnel reductions of 10,000 people domestically and overseas' at the subsidiary as part of a cost-cutting package

The Niigata Center, Fuji Xerox Manufacturing. Courtesy of Fuji Xerox Co., Ltd.

Microsoft to lay off 'thousands' in reorganization effort – report

Jul 03, 2017 - 12:49 PM

An announcement is said to be forthcoming this week Microsoft however did not comment on the reports

This picture taken on on May 25, 2016 shows Microsoft's Finnish headquarters in Espoo. File photo by Lehtikuva / Vesa Moilanen / AFP

Networking titan Cisco cuts 5,500 jobs as profit climbs

Aug 18, 2016 - 5:14 PM

The corporate restructuring aims to cut expenses in lower growth areas and shift the money into Cisco priorities such as security cloud computing data centers and the internet of things

CISCO SYSTEMS LAYOFFS. A sign is posted in front of the Cisco Systems headquarters on August 17, 2016 in San Jose, California. Photo by Justin Sullivan/ Getty Images/ AFP

Jobless soon: 400 consultants of scrapped 3rd telco player

Jun 30, 2016 - 5:39 PM

Due to a change in business direction all 400 consultants under BellTel will lose their jobs by September this year

'BLINDSIDED'. 'We are disappointed. We felt cheated,' one of the over 160 terminated consultants says

Royal Dutch Shell to axe 2,200 more jobs

May 25, 2016 - 11:45 PM

These are tough times for our industry and we have to take further difficult decisions to ensure Shell remains competitive

epa04695528 Shell's logo at a Shell station in London, England, 08 April 2015. On 8 April 2015 the Boards of Royal Dutch Shell plc and BG Group plc announced that they have reached agreement on the terms of a recommended cash and share offer to be made by Royal Dutch Shell plc for the entire issued and to be issued share capital of BG Group plc. EPA/ANDY RAIN

Estee Lauder to cut up to 1,200 jobs

May 04, 2016 - 12:15 AM

The layoffs are part of a restructuring plan to save 200 to 300 million a year

NEW YORK, NY - SEPTEMBER 03: A view of atmosphere at the Estee Lauder Modern Muse Moments screening on September 3, 2014 in New York City. Mike Coppola/Getty Images for Estee Lauder/AFP

Intel to slash up to 12,000 jobs in restructuring

Apr 20, 2016 - 6:00 PM

The restructuring aims to accelerate evolution from a PC company to one that powers the cloud and billions of smart connected computing devices

epa05222145 Signage at the Intel stand at the CeBIT computer show in Hanover, Germany, 16 March 2016. EPA/MAURITZ ANTIN

Nokia moves to cut jobs following Alcatel-Lucent merger

Apr 07, 2016 - 1:40 PM

French labor unions say Nokia is planning to lay off 4 300 employees in Europe

epa05246585 A Nokia logo outside the headquarters of Finnish multinational communications company, in Espoo, Finland, 06 April 2016. EPA/MARKKU OJALA

Al-Jazeera to cut around 500 jobs

Mar 27, 2016 - 11:25 PM

UPDATED A network official says up to 60 of the job cuts – 300 positions – could be at the headquarters in Doha Qatar

A general view shows the newsroom at the headquarters of the Qatar-based Al-Jazeera satellite channel in Doha 01 November 2006. The English-language Al-Jazeera International, to be launched 15 November 2006, hopes to extend its reach to 40 million viewers in the world and to compete with international news networks such as CNN. Al-Jazeera International, whose launch was initially planned for 2005, but had to be put off partly for technical reasons, will transmit from four regional broadcast centers in Doha, Kuala Lumpur, London and Washington.  AFP PHOTO/KARIM JAAFAR / AFP / KARIM JAAFAR

Malaysia's Petronas expects to cut 1,000 jobs

Mar 01, 2016 - 9:14 PM

The layoffs will take place over the next 6 months

PETRONAS. Malaysia's Petronas Twin Towers rise behind a Petronas logo at a gas station in Kuala Lumpur, Malaysia, January 21, 2016. File Photo by Fazry Ismail/EPA

GoPro cutting jobs amid disappointing sales

Jan 14, 2016 - 3:24 PM

The camera maker s 2015 revenue is expected to be below analysts expectations prompting layoffs

MH370 debris, PAL layoff, Blatche rejoins Gilas | 12PM wRap

Sep 04, 2015 - 12:39 PM

Watch the 12PM edition of Rappler s newscast The wRap

PAL lays off 117 workers, outsources services

Sep 03, 2015 - 9:51 PM

The affected employees will receive a separation package of 125 of monthly basic salary per year of service and a gratuity pay of P100 000

FOCUSES ON CORE. PAL says it will be laying off about 2% of its total workforce

China's Lenovo to cut over 3,000 jobs as net profit halves

Aug 13, 2015 - 1:31 PM

The world s biggest personal computer maker also sees revenues miss analysts forecasts in what chairman and CEO Yuanqing Yang describes as the toughest market environment in recent years

LENOVO. China's Lenovo Group Ltd., Chief Executive Officer Yang Yuanqing (R) chats with Chief Operating Officer Rory Read during a press conference to announce the company's results in Hong Kong, China, May 27, 2010. File Photo by YM Tik/EPA

No mass layoff of Makati city hall casuals

Jul 16, 2015 - 8:45 PM

Acting Mayor Kid Peña assures casual employees that interviews being conducted in city hall are intended to make sure names on the payroll belong to real working people

REMOVING THE WEEDS. Acting Mayor Romulo "Kid" Peña is intent to remove "ghost employees" in the city hall. File photo by Mark Saludes/Rappler

Roxas Negros campaign, Malaysia Airlines, quake response | 6PM wRap

Jun 01, 2015 - 6:18 PM

Watch the 6PM edition of Rappler s newscast The wRap

Factory fire victims, Binay accounts, Pacquiao’s dream | 9PM wRap

May 15, 2015 - 8:45 PM

Watch the full rundown of today s top stories on Rappler s newscast The wRap

GMA job cuts to include headquarters?

May 15, 2015 - 8:00 AM

The network chief says GMA 7 ‘will save millions of pesos in its streamlining policy

GMA will continue its manpower reduction program to cover its headquarters in Manila after laying off several workers in its regional offices. File photo by Rappler

GMA-7 'not in the red,' layoffs a 'callous move' – NUJP

Apr 27, 2015 - 9:08 PM

UPDATED GMA 7 finds unfortunate NUJP s disregard of the network s substantial losses from its regional operations and from its local programs

GMA-7 lays off workers in regional stations

Apr 26, 2015 - 2:46 PM

UPDATED GMA 7 says the layoffs are part of strategic streamlining of programs and manpower in its provincial stations to ensure business competitiveness

Thomson Reuters to cut 4,500 jobs by end of 2014

Oct 29, 2013 - 9:55 PM

Thomson Reuters announces it will lay off 4 500 people due to a drop in profits

Siemens to cut 15,000 jobs worldwide by end 2014

Sep 29, 2013 - 10:21 PM

Siemens plans to slash 15 000 positions worldwide by late next year as part of a cost cutting drive including 5 000 in its home country

LAYOFF. Siemens plans to slash its workforce worldwide by 2014 as part of a cost-cutting drive. Photo from AFP

Cisco to cut 4,000 jobs despite strong US data

Aug 15, 2013 - 11:00 AM

The info tech giant points to weaker than expected economy recovery as reason for layoffs

Bankrupt: Detroit now poster child for urban decay

Jul 19, 2013 - 7:55 AM

Once a bustling beacon of industrial might Detroit becomes the largest US city to file for bankruptcy

More Filipinos hired than fired, quit jobs in Q4

Mar 27, 2013 - 6:02 AM

Employment in large enterprises in Metro Manila continued to expand in the 4th quarter of 2012

JOBS GAINED AND LOST. Government data says hiring growth was up in the last quarter of 2012. AFP Photo.

JPMorgan to slash 19,000 jobs by 2014

Feb 26, 2013 - 11:35 PM

The Wall Street bank reported earnings of 21 3 billion in 2012 up from 19 billion a year earlier but revenue that slightly missed market expectations

MASSIVE LAYOFFS. New York City Police office at the entrance to the JP Morgan Chase World Headquarters on Park Avenue in this July 13, 2012 file photo in New York. AFP PHOTO/TIMOTHY A. CLARY

Amex cuts 5,400 jobs

Jan 11, 2013 - 7:53 AM

American Express tries to adapt to customers moving to online and mobile platforms

UBS could shed 10,000 jobs: report

Oct 13, 2012 - 7:01 PM

Swiss banking giant UBS could shed 10K jobs in the future says a report