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HSBC to lay off 30000 employees by 2013

Thu, 08/04/2011 - 12:25 by Jamie Anderson

HSBC, Europe’s largest bank, aims to become lean in the United States and profitable worldwide.

MySpace fading out: 10mn users quit in one month

Sun, 03/27/2011 - 13:24 by Jaspreet Virk

MySpace is declining and it's declining fast. Despite attempts to rejuvenate the social networking site, MySpace is losing users.

Wells Fargo to shut subprime lending offices, lay off workers

Thu, 07/08/2010 - 15:50 by Jamie Anderson

As a part of its restructuring drive, banking behemoth Wells Fargo & Co. will cut 3,800 jobs in its Financial division and also down the shutters on 638 subprime lending offices across the nation.

Chevron to cut 2000 jobs this year

Wed, 03/10/2010 - 15:12 by Jaspreet Virk

Chevron Corp, the second-largest U.S. oil company by market capitalization, will continue its cost-cutting spree this year as its refining margins are continuously shrinking.

800 to face axe at Lockheed Martin

Tue, 08/18/2009 - 16:11 by Jamie Anderson

California, August 18: Global Security Company, Lockheed Martin Corp (NYSE: LMT), announced Monday that it intends to cut as many as 800 jobs from its space systems division.

MySpace to lay off 400 workers

Wed, 06/17/2009 - 12:01 by Jamie Anderson

New York, June 17: Falling advertising revenue and loss of market share to rivals has prompted the social networking site MySpace to shed as many as 400 employees, or nearly 30 percent of its staff.

Yahoo reports dip in net income, to cut 5 % workforce

Wed, 04/22/2009 - 16:18 by Jamie Anderson

Sunnyvale, Calif., April 22: Yahoo Inc. (NADAQ: YHOO) reported Tuesday that its first-quarter net income slumped a whopping 78 percent.