JOBS

Wal-Mart Inc has agreed to revise a plan on a payroll cut involving 2,000 mid-level managers across its outlets in China after a trade union stepped in to mediate, state media reported on Friday.

Yahoo Inc said it would cut 5 percent of its global workforce and reported quarterly results that showed progress toward controlling costs, sending shares higher in an after-hours relief rally.

Yahoo Inc said it would cut 5 percent of its workforce worldwide after reporting quarterly profit that met Wall Street expectations.

Oracle is going to cut jobs in an effort to make its Sun Microsystems Inc acquisition profitable, according to analysts.

Oracle is going to cut jobs in an effort to make its Sun Microsystems Inc acquisition profitable, according to analysts.

Mobile phone maker Sony Ericsson said on Friday it plans to cut one in five jobs this year in its battle to return to profit as a sluggish market brought a hefty first-quarter loss, as expected.

Wall Street shed 3,100 workers in March, shrinking New York City's most important generator of jobs to just 169,200 people, the state's Department of Labor reported on Thursday.

Southwest Airlines reported a larger-than-expected quarterly loss on Thursday as demand weakened in the recession and said it would offer voluntary employee buyouts in a bid to reduce costs, sending its shares down more than 11 percent.

Australia’s Largest airline, Qantas Airways, said Tuesday it would cut 1750 job due to the current in the economic crisis, as S&P cuts its rating from BBB+ to BBB.

UBS AG said Wednesday it will cut 11 percent of its production, in an effort to save 4 billion Swiss francs, or $3.5 billion, after its first quarter losses on write-down’s and clients withdrawal.

UBS AG will cut its staff by 11 percent as it moves to stem losses and client withdrawals, its chief executive said on Wednesday, warning Switzerland's No.1 bank still faces an uncertain future.

UBS AG will cut 11 percent of staff as it tries to stem losses and client withdrawals, its new chief executive said on Wednesday, warning that Switzerland's largest bank still faces an uncertain future.

Yahoo Inc is preparing to lay off several hundred workers in the first round of cuts since Carol Bartz became chief executive in January, a source with knowledge of the situation told Reuters.

Air France-KLM , Europe's biggest airline, aims to cut between 2,500 and 3,000 jobs in the next two financial years, a spokeswoman for the carrier said on Wednesday.

UBS made a first-quarter loss and will cut another 11 percent of staff, its new chief executive said on Wednesday, warning that Switzerland's largest bank still faces an uncertain future.

Yahoo Inc is preparing to lay off several hundred workers in the first round of cuts since Carol Bartz became chief executive in January, the New York Times reported on Tuesday.

Swiss banking giant UBS is likely to cut upwards of 10000 jobs as it succumbs to the global financial meltdown.

Discover Financial Services , the fourth-largest U.S. credit card network, will cut 500 jobs, or 4 percent of its workforce, in May, hurt by mounting credit losses, the company said on Tuesday.

Deere & Co said it would combine its main worldwide agricultural equipment division with its smaller commercial and consumer equipment unit to reduce costs, starting on May 1.

Swiss bank UBS said it will cut 240 jobs in Asia-Pacific to cut costs, as Asian economies slow in a global financial crisis.

UBS , the world's biggest banker for the rich, will cut 240 jobs in Asia-Pacific across all business lines as part of a global cost cutting exercise, the bank said on Tuesday.