| Jul 17, 2014
| 7:30 AM
Microsoft Corp. said on Thursday it will cut up to 18,000 jobs, or about 14 percent of its workforce, as it halves the size of its recent Nokia acquisition and trims down other operations.
The downsizing is the largest in the Seattle-based company's...
| Jul 17, 2014
| 11:56 AM
Attempting to fend off a culture that dwelled too long on tradition and replace it with one far more aggressive, Microsoft Corp.’s chief executive announced sweeping layoffs on Thursday that will affect workers worldwide.
Anlaysts were surprised...
| Jul 22, 2014
Botox maker Allergan Inc. said Monday that it will cut 1,500 employees, most of them in Southern California, in a cost-cutting effort the Irvine company hopes will help it fight off a hostile takeover bid by a Canadian rival.
Stung by criticism that it'...
| Jul 7, 2014
| 5:45 AM
As San Diego Opera continues to regroup and work toward mounting its planned 2015 season, scheduled to begin in January, the troubled company has put cost-cutting measures in place that are expected to help it achieve a measure of financial stability....
| Jul 8, 2014
| 7:00 AM
San Diego Opera has reached a new level of stability, leaders say, after a series of cost-cutting and the announcement of new initiatives to broaden its presence in the community.
The company — which in May rescinded a controversial decision to...
| Jul 11, 2014
| 12:50 PM
Calder Casino and Race Course has slashed its horse racing dates and eliminated its poker room, and with that comes a reduction in employees.
The Miami Gardens pari-mutuel revealed this week that 246 employees are being laid off, filing a Worker...
| May 2, 2014
| 5:18 PM
The NAACP will lay off 7 percent of its national staff as it continues to search for a permanent leader, a decision the civil rights organization says is necessary because of financial concerns.
"Like many nonprofits in transition during a difficult...
| Jun 24, 2014
| 1:15 PM
Abbott Laboratories laid off an unspecified number of workers at its Lake County headquarters complex on Tuesday, sources told the Tribune.
“We’re taking various actions to reduce expenses,” said Scott Stoffel, the Abbott spokesman....
| Jun 26, 2014
| 5:20 PM
Roughly 1,100 Chicago Public Schools employees are being laid off, among them 550 teachers whose jobs were cut because of declining enrollment, officials said Thursday.
The teachers who were laid off are eligible to reapply for jobs elsewhere in CPS,...
| Jun 17, 2014
| 3:05 PM
The Annapolis City Council adopted a $96.5 million operating budget early Tuesday morning that lays off seven employees, increases a tax on businesses and increases some parking fines.
The budget also eliminates the Annapolis Economic Development Corp.,...
| Jun 3, 2014
| 7:57 PM
Seven weeks after launching a new Los Angeles newspaper amid great fanfare, the Orange County Register's parent company, Freedom Communications Inc., is showing signs of financial distress.
The Santa Ana company said Tuesday that it is merging the...