Friday 1 August 2014

Blackberry could lay off up to 40pc of staff

BlackBerry is preparing to make deep cuts to its workforce by the end of the year that could lead to slashing the company's headcount by up to 40 per cent, the Wall Street Journal said on Wednesday, citing people familiar with the matter.


Yahoo to cut 2,000 staff, more may come

Yahoo is about to lay off as many as 2,000 staffers - about 15 per cent of its work force - as part of a major restructuring, according to AllThingsD's Kara Swisher. Swisher has been beating the drum on these Yahoo layoffs for some ti


Citi begins London investment bank layoffs

Citigroup began a round of layoffs among its London-based investment bankers this week, with jobs in advisory, equities and fixed income set to go as the bank readies 4,500 redundancies worldwide. There are likely to be "several hundred" j


Bahrain hotels forced to lay off staff

Bahrain’s hotels were forced to lay off or transfer to other GCC countries more than 1,200 foreign employees in the last three months, it was revealed. Four- and five-star hotels had to either lay off or transfer 900 staff as a result of t


Layoff expats first, Saudi govt tells firms

In a move that may affect hundreds of expatriates, including Indians, Saudi Arabia has asked all companies in the kingdom to fire foreigners  first, if they have to layoff staff. “Labour offices are instructing companies to start

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