Interface reported deeper losses for 2008, and will cut another 290 employees. The Atlanta-based modular carpet company saw a net loss of $41 million, compared…
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…
Neiman Marcus will cut an additional 450 jobs this week, and salaried employees are taking a pay cut. The layoffs are company-wide "across all divisions…