Friday April 19, 2024 | Last Update: April 19, 2024 EDT
Advanced Micro Devices, Inc. (AMD) will cut approximately 5 percent of its total global workforce as part of its restructuring plan, according to a regulatory filing by the company.
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Chesapeake Energy Corporation is planning an approximately 15 percent reduction in its workforce, according to a regulatory filing that the company submitted on Sept 29, 2015. The company said that the planned reduction is part of its overall plan to reduce costs and better align its workforce.
Whole Foods Market has announced in a press release that it will be reducing approximately 1,500 jobs, representing 1.6 percent of its total workforce, over the next eight weeks.
Caterpillar, Inc. has announced in a press release a possible workforce reduction of 10,000 people as part of its plan to lower operating costs by about $1.5 billion annually.
Qualcomm Inc. is slashing more than 1,300 full-time jobs in San Diego and hundreds more jobs in other states, according to a report from The San Diego Union-Tribune.
Sources have told Reuters that Deutsche Bank AG plans to cut roughly 23,000 jobs or about one-quarter of the total staff.
Aeronautics and defense firm Lockheed Martin Corp. plans to let go of 500 employees on its IT division by November as part of its efforts to improve its business.
Penn West Petroleum Ltd. has announced that they will be suspending their dividends and reduce 35 percent of the company’s workforce due to the current environment of prices in commodities, according to a press release issued by Penn West.
Boeing Co., plans to cut several hundred jobs in its satellite business by the end of 2015, due to delays in commercial satellite orders, according to a report from Reuters.
General Electric Co., has announced that it will be cutting 262 more jobs at its Lukin oil unit in Texas, as it struggles with the continued plunge in global oil prices, according to a report from Reuters.
Food giant Kraft Heinz Co said on Tuesday that it will axe 2,500 positions in the United States and Canada as the company begins an integration that will allow it to save $1.5 billion until 2017.
Mining giant BHP Billiton announced on Sunday a move to cut 380 jobs at its Olympic Dam copper and uranium mine in Australia due to a challenging global business environment and to ensure the sustainability of operations.
Keurig Green Mountain will cut 200 jobs in Vermont state, 130 more in other locations following the disappointing sales of the company, according to a report from the Chron.
McDonald’s Corporation will be cutting 135 jobs at its headquarters in Oak Brook, Illinois, and 90 more overseas, according to a report from Bloomberg.
Royal Dutch Shell Plc, in a press release, said that they will be reducing costs and slashing jobs later this year due to the continued downturn in the prices of oil.
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