Ten global cos cut one lakh jobs in 2012; HP tops the list

Last Updated: Sunday, December 9, 2012, 11:28

With an aim to save costs in troubled economic times, just 10 companies together have announced nearly one lakh job cuts worldwide since start of 2012 and they include giants like HP, Google and Citigroup.

Citigroup to slash 11,000 jobs worldwide

Last Updated: Wednesday, December 5, 2012, 21:18

In a major restructuring exercise, global banking giant Citigroup on Wednesday announced that it will cut 11,000 jobs worldwide to save nearly USD 1.1 billion in expenses annually from 2014.

Tata Steel to cut 900 jobs in UK

Last Updated: Friday, November 23, 2012, 19:15

Tata Steel Friday said it will cut 900 jobs in the UK and close 12 sites as part of major restructuring of European operations to make it an "all- weather" steel producer, capable of succeeding in difficult economic conditions.

HSBC cuts over 22,000 jobs worldwide in Jan-Sept

Last Updated: Monday, November 5, 2012, 20:05

The bank had 2,67,000 employees at the end of September, 2012, almost 22,000 lower than that on December 31, 2011.

Sharp Corp to cut 8,000 jobs through plant sales: Report

Last Updated: Tuesday, August 21, 2012, 09:20

Sharp had previously announced it would cut its workforce by 5,000 positions.

MNCs announce 71,000 job cuts globally

Last Updated: Sunday, June 17, 2012, 17:11

The cuts have been announced by companies from various sectors, during the first six months of 2012, and those from the technology services space are the worst hit.

Olympus to cut 2,700 jobs worldwide

Last Updated: Saturday, June 9, 2012, 00:15

The firm, which has presence in India, has nearly 40,000 employees worldwide.

Hewlett-Packard to cut 27,000 jobs

Last Updated: Thursday, May 24, 2012, 12:53

One of the world’s largest computer makers Hewlett-Packard is reportedly slashing 27,000 jobs or 8 percent of its workforce by the end of fiscal 2014.

Qantas Airways to cut 500 jobs

Last Updated: Monday, May 21, 2012, 11:12

Australia's largest airline Qantas Airways announced Monday that it would cut 500 jobs following a review of its heavy aircraft maintenance and engineering operations.

Dow shuts plants, cuts jobs as Europe struggles

Last Updated: Tuesday, April 3, 2012, 10:34

Dow was ravaged during the global and economic crisis that struck four years ago, cutting more than 10,000 positions then.

India's services sector growth slows down in February: HSBC

Last Updated: Monday, March 5, 2012, 15:06

India's services sector witnessed a modest dip in growth rate last month and also saw some job cuts for the first time in three months, as per a survey.