More than two dozen Kmart stores will be closing this spring, with liquidation sales beginning later this month, a Sears Holding Corp. spokesman told the Detroit Free Press . Company spokesman Howard Riefs declined to tell the Free Press the number of stores that would be closing, but added that the closures would be nationwide and include some Sears stores as well.
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Royal Dutch Shell plans to cut about 2,800 jobs after its takeover of BG Group is completed early next year. Shell said the cuts, quantified for the first time since the $60bn (£40bn) deal was announced in April, would affect about 3% of the combined company's permanent workforce.
But will these be the last round of cuts at the sports cable giant?
Harpo Studios will begin to layoff its remaining 183 employees next month in Chicago Oprah Winfrey told employees in March she would be relocating the company to California Earlier this year, OWN moved into a space called The Lot in West Hollywood, setting the stage for the shutdown of Harpo after 26 years On the same day that Oprah Winfrey unveiled the annual list of her favorite things, it has been revealed that her employees in Chicago will be having a very bleak holiday season.
Biogen said today it will reduce its workforce 11%, or up to about 880 employees, mostly by year's end as part of a restructuring that will also include termination of several pipeline drug development programs. The layoffs and restructuring come as the biotech giant responds to a slower increase in sales for its marketed drugs than in recent years-a slump that has resulted in the company's stock losing 44% of its value since reaching its 2015 high closing price of $475.98 on March 20, falling to a closing price of $265.81 yesterday.
Wireless carrier Sprint Corp S.N. said on Sunday it aims to slash fiscal 2016 expenses by as much as $2.5 billion, through layoffs and a wide array of cost controls, as an essential part of its ongoing turnaround efforts. "We are leaving no stone unturned and looking at all areas," company spokesman Dave Tovar said in an interview.
(Kimberly White/Getty Images for Vanity Fair) Twitter is laying off 336 employees, or about 8% of the company's global workforce, according to an SEC filing. The layoffs come just about a week after Twitter cofounder Jack Dorsey was appointed permanent CEO promising big changes for the company.
Two of America's most iconic retailers are shutting hundreds of stores, and experts think more closures will follow. Walmart and Macy's have recently announced store closures and layoffs. Walmart is closing 269 stores, including those under the Express, Neighborhood Market, and Supercenter names. Macy's is closing 40 stores in the beginning of this year.
Amid 3Q15 Disappointments, HP Keeps Big Plans on the Horizon ( Continued from Prior Part) New layoffs On September 15, 2015, The Hewlett-Packard Company (HPQ) announced its financial outlook forHewlett Packard Enterprise for fiscal 2016. In relation to this, Hewlett-Packard (commonly known as HP) announced 25,000-30,000 layoffs as it prepares to bifurcate, effective November 1, 2015.