NEW YORK (AP) -- Bank of America is slashing 30,000 jobs as part of an effort to reverse a crisis of confidence among investors. It's the largest single job reduction by a U.S. company this year. Read More »
By Alexei Oreskovic and Edwin Chan
(Reuters) - Yahoo Inc Chairman Roy Bostock fired CEO Carol Bartz over the phone on Tuesday, ending a tumultuous tenure marked by stagnation and a rift with Chinese partner Alibaba.
Chief Financial Officer Tim Morse will step in as interim CEO, and the company will search... Read More »
By Lauren Tara LaCapra
(Reuters) - In early summer, before layoffs began sweeping across Wall Street, billboard-sized photos of employees were plastered on the walls, pillars and elevator banks of Credit Suisse Group AG's offices in the United States and abroad.
The museum-quality prints, depicting workers... Read More »
Going to college used to be a nearly sure way of getting a steady job. But as many recent graduates will attest, this is no longer the case. However, there are hundreds of thousands of high-paying jobs that don't require a degree. 24/7 Wall St. has identified the ten highest-paying jobs that only require a... Read More »
Goldman Sachs Group, one of Wall Street's largest employers, plans to cut about 1,000 jobs as part of a $1.2 billion cost-cutting measure, the company said Wednesday.
The job-cuts announcement followed Wednesday's release of Goldman's second-quarter earnings, which showed that revenues derived from the... Read More »