Time Warner's America Online unit will cut 10% of its workforce because the recession has forced advertisers to reduce spending. Employees won’t receive merit pay…
Avery Dennison, the world’s largest label maker, will eliminate 10% of its workforce, or about 3,600 jobs, after reporting its first sales decline in 12…
Cerberus Capital Management LP, the private-equity firm whose holdings include Chrysler, may cut its workforce by 10% amid a freeze in leveraged buyouts. Cerberus hasn't…