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job cuts articles

Struggling Yahoo to fire 1,700 employees and close five offices

Things aren't going so well for Yahoo, and CEO Marissa Mayer is desperately attempting to steady the ship. Revenues continue to decline, leading the company to lay off 15 percent of its workforce – approximately 1,700 employees – and shut…

AMD is cutting five percent of its workforce

Advanced Micro Devices is planning to trim about five percent of its global workforce as part of a cost-saving restructuring effort. Drew Prairie, a spokesperson for the company, told Reuters that just shy of 500 employees would lose their jobs.

BlackBerry announces further job cuts amidst restructuring

BlackBerry recently announced plans to lay off an undisclosed number of employees in its device business, the arm responsible for developing smartphone software and applications. The cuts are part of the company’s overall goal to reignite growth by boosting sales…