On October 17th, Bloomberg reported, citing informed sources, that telecommunications giant Nokia has cut nearly 2000 jobs in China as part of its massive cost cutting plan to cope with the sluggish ...

Procter&Gamble's "slimming down" plan is still ongoing. On February 2nd, in response to the sale of Sassoon's Greater China business, Procter&Gamble responded by "focusing more on its core product li ...

According to the latest report, Barclays, one of the world's largest commercial banks, is developing a spending reduction plan of up to £ 1 billion ($1.25 billion), which may involve layoffs of up t ...