JCPenney Store Closings JCPenney is to close at least 33 of its stores nationwide. And the downsizing of some 2000 individual jobholders is in the J.C. Penney cards as well. Apparently these moves will lead to savings amounting to $65 million per annum for the troubled chain of superstores.
Jan 16 2014, 2:58am CST
Macy’s Job Cuts Affect 2500 Workers The store called Macy’s is planning on some reconstruction within its own staff. As many as 2,500 job cuts have been set as the goal of the mega shopping center. This is a part of reorganization efforts that will end in stable profitability for Macy’s.
Jan 9 2014, 6:20am CST
Should Social Security Benefits Be More Generous? Senators Sherrod Brown (D.-Ohio) and Patrick J. Toomey (R.-Pa.) just held the first of a series of hearings asking experts how to improve retirement security, and their prescriptions are to expand Social Security...
Dec 20 2013, 1:47pm CST
BlackBerry Loses Two More Executives The Canadian manufacturer of Qwerty smartphones, BlackBerry has recently lost two more executives who will be leaving it soon for greener pastures. BlackBerry has been down on its luck for awhile and its fortunes are not about to change soon.
Dec 16 2013, 2:19am CST
Blackberry refuses to be sold in pieces After offering to be sold and looking for potential buyers, the BlackBerry board has recently backed off from offers given by companies like Apple, Microsoft, and Lenovo. According to Reuters, Apple and Microsoft have mostly been interested in buying the patents and the intellectual properties of BlackBerry.
Nov 26 2013, 4:42am CST
Everpix is Shutting Down on December 15 Everpix photo startup is going to close shop completely on December 15th due to a dearth of funds. Currently the service is available in read-only mode. It will be dearly missed.
Nov 6 2013, 2:38am CST
HTC America Layoffs Affect 20% Workforce HTC America has seen better days than the tragic situation it faces today due to which it lays off 20% of its workforce. 30 employees and contractors out of 150 are impacted. This massive downsizing was undertaken by the top brass in order to optimize and simplify the organization.
Sep 14 2013, 6:22am CDT
Nokia Loses $151M in Q2 2013 Despite Record 7.5M Lumia Sale Nokia is showing a paradox of profit and loss. On the one hand, its dismal financial report for Q2 2013 shows that things are pretty low with loss €115 million(though not as bad as previously). Then looking elsewhere, the selfsame data is accompanied by a record 7.4M amount of Lumia sales.
Jul 18 2013, 7:17am CDT
Zynga Announces Layoffs for Cost Reduction Zynga, the game manufacturer is to downsize a whopping 18% of its staff at various locations spread throughout the United States. This major layoff is a necessary part of the move to progress beyond the present financial straits Zynga finds itself in.
Jun 4 2013, 7:01am CDT
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