Progenics Pharmaceuticals cut 10% of its workforce, eliminated salary increases for senior management, and reduced bonuses for all employees. The firm has also cut expenditures…
Over 400 Virginia Department of Transportation employees received one-time bonuses and pay raises last year, even as the agency announced widespread layoffs. The VDOT paid…
Boston-based advertising agency Arnold Worldwide has cut 40 jobs from its headquarters office. The firm had a Boston head count of about 600 before the…
McClatchy Newspapers, the third-largest US newspaper chain, will cut 1,600 jobs, or 15% of its full-time workforce. The publisher is also cutting wages for its…
JM Family Enterprises, one of the nation's largest Toyota distributors, will cut 500 jobs, or 11% of its work force. The Deerfield Beach, Florida company,…
Nortel Networks, which filed for bankruptcy protection last month, will eliminate 3,200 jobs, forgo employee bonuses for 2008, and end stock-based compensation. Nortel cut thousands…
Huntington Bancshares has begun notifying employees affected by the 500 jobs it’s cutting by early next month. Huntington’s cost-cutting plan, expected to save about $100…
UBS AG, Switzerland’s biggest lender, will offer investment bankers more pay this year after announcing 2,000 additional job cuts at the unit. The bank plans…