CNBC delivers bad news for website staff
The Dow Jones and NBC joint venture last month announced plans to axe 10 per cent of its 6,000 staff, with the website taking the brunt of the cuts at 26 per cent. CNBC.c...
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Nortel adds to high-tech gloom with 10,000 job losses
The job losses are worse than the company had previously stated - it had hoped to keep them down to 6,000. The company also slashed its estimates for first quarter revenu...
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Global Crossing losses double after turbulent quarter
The Bermuda-based company, which is building a high-speed fibre optic communications network that will serve 27 countries and more than 200 major cities, posted a net los...
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EXi comes to the rescue of Corus steel workers
The UK-based telecommunications company and the engineering union AEEU have teamed up with the DTI to organise the deal, which will be formally announced later today.
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Adieu to the man from the Pru, and QXL stays brave
According to the Financial Times, the Pru's CEO claimed 90 per cent of its customers deal with the company through phone or post. The life assurer will cut 1,400 direct s...
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Scottish plant survives Motorola cuts
Motorola confirmed last Friday that it is to axe 4,000 jobs in its US and European semiconductor divisions because of a slump in demand for computer chips.
Motorola sp...
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WorldCom tipped to cut 11,500 jobs
The company claimed, however, that revenue for 2001 will grow by 12-15 per cent, but it is expected to cut 11,500 staff to cut costs.
WorldCom's turnover in 2000 rose ...
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Motley Fool takes own medicine
The move comes only days after the online finance site said it has raised $30m to strengthen its UK and US operations and to expand into Japan. Six out of 60 jobs will go...
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Rate cut fails to inspire, BT gets persuasive and dot-com gloom has silver lining
After that, the news was mixed, a continuation of the recent trail of doom mixed with the occasional bright spot.
Internet consultancy, Razorfish has reported its firs...
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Computer Sciences profit hit by acquisitions
Van Honeycutt, CSC chief executive, admitted the results had been disappointing. He said: "The third quarter's results were impacted adversely by the effects of currency,...
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