MySpace, the social network owned by Rupert Murdoch's News Corp, said it will cut 30 per cent of its staff to lower costs as it struggles to stay popular in the face of rising competition. MySpace will be left with about 1,000 employees, it said in a statement released on Tuesday.
The Minister spoke in reference to Satyam's plans to downsize.
http://www.ibnlive.com/news/govt-will-not-turn-blind-eye-to-layoffs-khursheed/93823-7.html
Microsoft had announced in Jan that it will fire 5,000 employees.
http://www.ibnlive.com/news/microsoft-sends-layoff-notices-to-3000-workers/91900-7.html
Pranab Mukherjee urges Indians to share the pain of economic crisis.
http://www.ibnlive.com/news/cut-salary-but-protect-jobs-govts-plea/85890-3.html
Employees say they were asked to leave an hour before their shifts.
http://www.ibnlive.com/news/no-warning-bmw-lays-off-850-workers-at-brit-plant/85595-7.html
GM had got $9.4 billion in federal loans to allow it to stay out of bankruptcy.
http://www.ibnlive.com/news/gm-cutting-10000-jobs-nike-another-1400/85030-7.html
American economists say they expect the recession to worsen this year.
http://www.ibnlive.com/news/over-50000-job-cuts-in-the-us--bloody-monday/83802-7.html
A shocking number of layoffs were announced on Monday in the US.
http://ibnlive.in.com/videos/83800/more-than-50000-job-cuts-announced-in-the-us.html
Company said decision was taken on account of shortage of power.
http://www.ibnlive.com/news/birla-lays-off-employees-at-auto-trim-unit/82084-7.html
RIL and ADAG order lay offs and cut costs in hard times.
http://www.ibnlive.com/news/nobody-spared-ambani-brothers-fight-recession/80937-7.html
Philips has a 32,000 strong workforce in the medical division worldwide.
http://www.ibnlive.com/news/more-layoffs-philips-to-cut-1600-healthcare-jobs/78840-7.html
There's a possibility of an "indefinite layoff" at its Burns Harbor plant.
http://www.ibnlive.com/news/arcelormittal-warns-of-layoffs-at-us-plant--the-firing-fad/78802-7.html
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