On Friday, the company reported that second-quarter net income rose 19percenttoto meet analysts' expectations, helped by aggressive cost cutting and reorganization.
The layoffs would be part of a cost-cutting reorganization of Netscape's operations as the company is integrated with the online service provider.
The layoffs would be part of a cost-cutting reorganization of Netscape's operations as the company is integrated with the online service provider, according to the newspaper.
Ms. Chao undertook a tough reorganization, which included cutting her salary to half that of Mr. Aramony's, cutting the administrative budget by 30percentt and laying off a third of the staff.
Hayward has stridently focused on cutting waste at BP. His reorganization of BP's corporate office culled nearly 5,000 redundant positions, including 20% of senior executive posts.
The drug manufacturer said last month that it would eliminate jobs and have an expense in the fourth quarter as part of cost-cutting and reorganization.
The Irish changes are part of a larger trend of cost-cutting and reorganization that has drawn student protests across the Continent, as European countries try to balance a largely socialized, affordable higher education system against budget constraints.
Last week, Time Inc., the largest magazine publisher in the world, announced a reorganization that will include cutting 6percentt of its work force, with deeper paring at some publications.
[C6.] ABN Amro to Reduce Work Force The Dutch banking giant, ABN Amro Holdings, said it would eliminate more than 10percentt of its work force as part of a major reorganization plan aimed at cutting costs.
The Dutch banking giant, ABN Amro Holdings N.V., said today that it would eliminate more than 10percentt of its work force as part of a sweeping reorganization program aimed at cutting costs.
Tenet had expenses of $322 million, or about 69 cents a share, for settling the hospital case and defending lawsuits, writing down the value of hospitals that have lost revenue, cutting jobs as part of a reorganization and for a tax dispute with the Internal Revenue Service, according to the filing with the Securities and Exchange Commission.
