7 Reeling from the grounding of all air traffic last week, Continental Airlines announces it will lay off 12,000 of its 56,000 employees and reduce its flight schedule by 20percentt.
Gateway announced the following last night: It will lay off 25% of its worldwide workforce including 15% of its workers in the U.S. and embark on a sweeping plan to consolidate its business, all in an effort to save the company.
It staggers from burning funds ahead of revenue (if it had any), and then shutters, leaving not even a virtual footprint.A promising service awkwardly named App.net, which combined social-networking features with robust and unconditional support for third-party software developers to build on top of it, announced this week it will lay off all its full-time staff, yet not close its doors.
Bristol-Myers To Lay Off 2,000 DuPont Unit Workers Bristol-Myers Squibb said it will lay off 40% of the 5,000 employees it acquired earlier this month with its $7.8 billion purchase of DuPont's drug unit, saying the cuts were needed to achieve planned cost savings.
It will lay off 46 percent of its 5,200 workers in the coming weeks.
The reason for the attack, which they are calling ' OP MaZynga', is due to Zynga's announcement that it will lay off 1,000 of its employees and begin outsourcing work to third parties in a bid to save money and stay afloat.
Elsewhere, DuPont says it will lay off 6% of its global workforce, and tech shares could be helped by bullish comments made by Micron Technology April 9.
Netpliance also announced a $41.8 million loss for the September quarter and said it will lay off 93 workers 38% of its workforce.
The loophole that can get you $25,000 off a Tesla Model X. Twitter announces it will lay off 8% of its workforce.
The law firm confirmed a Legal Intelligencer report that it will lay off 13 associates in its finance and real estate practice.
The company, which provides voice, data and Internet services, said on Feb. 1 that it will lay off about 10% of its workforce.
