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Morgan Stanley cuts 1,600 jobs as business languishes

Morgan Stanley plans to cut 1,600 employees starting this week, two people familiar with the matter said on Wednesday, in the latest sign of a pullback on Wall Street as revenue from trading and......

Citigroup cutting 11,000 jobs, taking $1 bln in charges

Citigroup Inc said it is cutting 11,000 jobs worldwide, delivering the first of what investors expect to be a new series of steps to shrink the bank down to a more manageable and profitable......

US: Job cuts down 55% in March

US job cuts have declined about 55 per cent in March this year to 67,000 compared to the same month in 2009, though it will take a while before hiring picks up, says a report. While the job cuts......

97,000 jobs cut in US in July

Job cuts announced by US employers jumped 31 per cent in July to over 97,000, increasing for the first time in six months, warning of a further hike in downsizing activity by the last quarter of......

Getting fired could be a great career move

When Charlotte Dulaney was five months pregnant with her third child, the furthest thing on her mind was launching a business. It was the late 1980s, and Dulaney, a 31-year-old IT manager for an......

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