Shell Q2 net profit drops 37%, to cut 6,500 jobs this year

Last Updated: Thursday, July 30, 2015, 14:04

Royal Dutch Shell on Thursday reported a 37 percent drop in second quarter profits and said it would cut 6,500 jobs this year and reduce spending further to deal with an extended period of lower oil prices.

Microsoft writes off $7.6 bn in Nokia deal; to cut 7,800 jobs

Last Updated: Wednesday, July 8, 2015, 20:19

In a major restructuring of its mobile devices business, US tech giant Microsoft Wednesday said it is writing off USD 7.6 billion it spent on acquiring Nokia and will cut 7,800 jobs, but was silent on India impact.

1,900 jobs to be axed in Australia due to emails

Last Updated: Friday, June 26, 2015, 09:16

The Australia Post said losses in its mail delivery business were approaching 500 million Australian dollars ($387 million) this financial year, reported Xinhua news agency.

News Corp`s WSJ seeing cuts, shifting resources

Last Updated: Friday, June 19, 2015, 00:15

The Wall Street Journal and its Dow Jones parent announced Thursday an unspecified number of job cuts and the closing of some foreign bureaus as they shift resources into digital.

HSBC to cut up to 50,000 jobs, slash investment bank

Last Updated: Tuesday, June 9, 2015, 11:27

HSBC will cut almost 50,000 jobs from its payroll, take an axe to its investment bank and shrink its risk weighted assets by $290 billion in an effort to improve its sluggish performance, Europe`s biggest bank said on Tuesday.

'HSBC set to cut thousands of jobs globally'

Last Updated: Tuesday, June 2, 2015, 07:05

HSBC Holdings Plc is planning to cut thousands of jobs globally and is set to make an announcement next week, Sky News reported on Monday, citing unidentified sources.

BlackBerry cuts jobs worldwide as it consolidates businesses

Last Updated: Saturday, May 23, 2015, 07:08

Canadian smartphone maker BlackBerry Ltd is cutting jobs across the world, the company said on Friday, as it consolidates its software, hardware and applications business.

Japan`s Sharp to report $1.6 bn loss, thousands of job cuts: Reports

Last Updated: Thursday, May 14, 2015, 10:37

Japanese electronics giant Sharp will announce later on Thursday a $1.68 billion fiscal year loss and thousands of job cuts as it fights to stay afloat, reports said.

Siemens says to cut 4,500 jobs worldwide

Last Updated: Thursday, May 7, 2015, 11:11

Some 2,200 of the latest job cuts will be in Germany, said the Munich-based firm that employs more than 300,000 people in all.

Nokia says too early to say how many job cuts in Alcatel deal

Last Updated: Wednesday, April 15, 2015, 15:46

"There will be some impact on headcount but we don`t know the number yet," he said, adding that procurement and other costs could come down to achieve the synergy target, in addition to headcount.

Brazil's Oi slashes 1,070 jobs to cut costs

Last Updated: Thursday, April 2, 2015, 08:47

The company announced it was making the cuts to reduce by around 20 percent personnel-related costs, and would not proceed with planned hirings.

Oil plunge forces China's Nexen to cut 400 jobs in Canada, elsewhere

Last Updated: Tuesday, March 17, 2015, 23:58

Nexen Energy announced on Tuesday it is laying off 400 workers, or 12 percent of its workforce, in North America and Britain in response to the drop in oil prices.