By Michael Liedtke
SAN FRANCISCO -- Hewlett-Packard CEO Meg Whitman has quantified the painful price that must be paid for the missteps of her predecessors as she tries to turn around the Silicon Valley pioneer. The bungling will wipe out 27,000 jobs so HP can save enough money to lift its earnings and... Read More »
By Candace Choi
NEW YORK (AP) -- Citigroup Inc. is the latest bank seeking to trim costs with a smaller work force.
The New York-based bank is considering cutting 3,000 or more workers, which would amount to about 1 percent of its work force worldwide. A person with knowledge of the situation said... Read More »
The nation's anemic recovery continues to create jobs, albeit at a pace that is failing not only to keep pace with population growth, but also with a rising number of layoffs.
Job cuts have come fast and furious in recent weeks, as businesses as diverse as pharmaceutical companies, retailers, state... Read More »
The US rounded out the year with another economic set back. Reuters and the New York Times were among the first to report that US employers cut as many as 85,000 jobs in December 2009, causing a big stir on Wall Street, and a ripple effect through the nation that forces Obama to reconsider his plan to... Read More »