job cuts Archives - CFO

3M to Cut 3% of Workforce Amid Virus Slowdown

3M to Cut 3% of Workforce Amid Virus Slowdown

The company's latest streamlining move will enable it to "deliver greater growth and productivity as global markets emerge from the pandemic."

By Matthew Heller | December 3, 2020

Report: IBM To Cut 10,000 Jobs

Report: IBM To Cut 10,000 Jobs

The job cuts could affect about 20% of its staff in Europe. The United Kingdom and Germany would be the hardest hit, says Bloomberg.

By Vincent Ryan | November 25, 2020

Danone Announces Job Cuts, Restructuring

Danone Announces Job Cuts, Restructuring

The consumer goods company says it is reshaping itself as a “local-first” organization.

By Vincent Ryan | November 23, 2020

Juul to Cut More Jobs

Juul to Cut More Jobs

The e-cigarette maker said it will make a "significant global reduction" and exit multiple markets as part of a long-term strategy.

By Lauren Muskett | September 4, 2020

Nike to Cut Jobs As Part of Digital Sales Push

Nike to Cut Jobs As Part of Digital Sales Push

The footwear giant says the “strategic alignment” of its operating model will “create even greater focus and agility."

By Matthew Heller | July 22, 2020

LinkedIn to Cut 6% of Global Workforce

LinkedIn to Cut 6% of Global Workforce

The Microsoft-owned networking platform said the coronavirus pandemic is having a sustained impact on demand for its recruitment products.

By Lauren Muskett | July 21, 2020

BP to Cut 10,000 Jobs

BP to Cut 10,000 Jobs

The oil giant plans to cut 15% of its workforce by the end of the year.

By Lauren Muskett | June 8, 2020

Survey: CFOs Double Down on Staff Cuts Amid Ongoing Disruption

Survey: CFOs Double Down on Staff Cuts Amid Ongoing Disruption

“CFOs are unsure what reopening will look like and have little visibility into when revenue will start to normalize.”

By Lauren Muskett | May 12, 2020

Nissan to Cut 12,500 Jobs After Profit Plunge

Nissan to Cut 12,500 Jobs After Profit Plunge

The automaker is cutting 9% of its global workforce after reporting a 99% plummet in operating profit.

By Lauren Muskett | July 25, 2019

CEO Departures Hit a 17-Year High in 2019

CEO Departures Hit a 17-Year High in 2019

"Companies appear to be preparing for a contraction in the market," says Challenger, Gray & Christmas.

By David McCann | June 13, 2019

Ford Europe to Cut Thousands of Jobs in Turnaround Drive

Ford Europe to Cut Thousands of Jobs in Turnaround Drive

The automaker’s global cost-cutting effort starts with eliminating thousands of jobs, discontinuing slow-selling models, and combining headquarters.

By William Sprouse | January 10, 2019

Under Armour Sets Aside $10M To Cover Job Cuts

Under Armour Sets Aside $10M To Cover Job Cuts

The company raised its profit outlook and said the cost savings would begin to show up next year.

By William Sprouse | September 20, 2018

Deutsche Bank Announces Job Cuts; Chair Survives Removal Vote

Risk & Compliance

Deutsche Bank Announces Job Cuts; Chair Survives Removal Vote

Most of the cuts will be in Deutsche’s corporate and investment bank, in particular equities sales and trading personnel.

By William Sprouse | May 24, 2018

Rent-A-Center Cuts 250 Jobs, Confirms Offers

Rent-A-Center Cuts 250 Jobs, Confirms Offers

The struggling furniture and equipment rental firm has been under pressure from activist investors to sell itself.

By Matthew Heller | March 7, 2018

GE Slims Down Further With Power Layoffs

GE Slims Down Further With Power Layoffs

The 12,000 job cuts are "painful but necessary for GE Power to respond to the disruption in the power market."

By Matthew Heller | December 7, 2017