| Jul 22, 2014
Botox maker Allergan Inc. said Monday that it will cut 1,500 employees, most of them in Southern California, in a cost-cutting effort the Irvine company hopes will help it fight off a hostile takeover bid by a Canadian rival.
Stung by criticism that it'...
| Jul 24, 2014
| 3:42 PM
Filed under: Volkswagen, Earnings/Financials During a gathering of 20,000 Volkswagen Group employees at company headquarters in Wolfsburg, Germany on Wednesday, CEO Martin Winterkorn dropped a bombshell. The boss stated that the automaker isn't...
| Jul 22, 2014
| 5:03 PM
Feelings were mixed among Allergan Inc. employees one day after the Botox maker announced 1,500 job cuts, mostly in Southern California.
Outside of Allergan’s Irvine campus, where the bulk of the 650 research and development jobs the company...
| Jul 11, 2014
| 12:50 PM
Calder Casino and Race Course has slashed its horse racing dates and eliminated its poker room, and with that comes a reduction in employees.
The Miami Gardens pari-mutuel revealed this week that 246 employees are being laid off, filing a Worker...
| Jul 17, 2014
| 11:56 AM
Attempting to fend off a culture that dwelled too long on tradition and replace it with one far more aggressive, Microsoft Corp.’s chief executive announced sweeping layoffs on Thursday that will affect workers worldwide.
Anlaysts were surprised...
| Jul 17, 2014
| 7:30 AM
Microsoft Corp. said on Thursday it will cut up to 18,000 jobs, or about 14 percent of its workforce, as it halves the size of its recent Nokia acquisition and trims down other operations.
The downsizing is the largest in the Seattle-based company's...
| Jul 10, 2014
| 11:25 AM
The property tax rate will drop again for the South Florida agency responsible for flood control and Everglades restoration.
The South Florida Water Management District board on Thursday agreed to cut its tax rate for the third year in a row, despite...
| Jul 7, 2014
| 5:45 AM
As San Diego Opera continues to regroup and work toward mounting its planned 2015 season, scheduled to begin in January, the troubled company has put cost-cutting measures in place that are expected to help it achieve a measure of financial stability....
| Jun 26, 2014
| 5:20 PM
Roughly 1,100 Chicago Public Schools employees are being laid off, among them 550 teachers whose jobs were cut because of declining enrollment, officials said Thursday.
The teachers who were laid off are eligible to reapply for jobs elsewhere in CPS,...
| Jul 8, 2014
| 7:00 AM
San Diego Opera has reached a new level of stability, leaders say, after a series of cost-cutting and the announcement of new initiatives to broaden its presence in the community.
The company — which in May rescinded a controversial decision to...
| Jun 9, 2014
| 10:50 AM
Layoffs are expected at the Orange County Register six days after its parent company announced cost cuts, including buyouts, immediate furloughs and the merging of newly launched newspapers in Long Beach and Los Angeles.
Several staffers already have...
| Jun 3, 2014
| 7:57 PM
Seven weeks after launching a new Los Angeles newspaper amid great fanfare, the Orange County Register's parent company, Freedom Communications Inc., is showing signs of financial distress.
The Santa Ana company said Tuesday that it is merging the...