Exact(3)
The company shuttered its offices in San Francisco, London, Munich and Paris, and slashed headcount from 240 to 150 and automated the processes of content moderation.
In the spring, the company stopped production at three plants in Texas, Kansas and Iowa and slashed headcount at its South Dakota headquarters.
U.S. companies, which slashed headcount sharply during the 2007-2009 recession, have been slow to rehire since the downturn's official end and some have continued to cut.
Similar(55)
With most sectors of the economy suffering in the recession, other companies have also cut pay as an alternative to slashing headcount.
On the other hand, many banks are scrambling to slash headcount in recent weeks, owed in part to Dodd-Frank's constraints on debit card fees and other major revenue generators.
Other have also been slashing headcount, particularly in their investment banks, with redundancies announced at major firms already reaching well over 130,000 since the mid-2011, according to a Reuters tally.
The banks have been slashing headcounts with vigour.
They're slashing headcounts and budgets, and generally trying to get by with less.
The firm slashed its headcount in India (a move it claims was planned), while it is also rumored to be selling the Silicon Valley-based real estate it bought from Yahoo last summer.
Although most foreign owners start by slashing the headcount, they usually start recruiting again soon afterwards.
Davey said: "The main effect of slashing the headcount at Decc will be cutting economic growth and undermining private sector investment.
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