Citing worsening U.S. economic conditions, GM and Chrysler told the Obama administration Tuesday that the companies need at least an additional $14 billion in loans to survive. ...more

February 18, 2009

NEW YORK (AP) -- Google Inc. is closing three engineering offices and cutting 100 recruiters from its work force as the recession dampens hiring at the Internet search company. "Given the state of the economy, we recognized that we needed fewer people focused on hiring," Laszlo Bock, a Google vice president, wrote in a blog posting late Wednesday announcing the layoffs. ...more

January 15, 2009

Sony Corp. is slashing 4 percent of its worldwide work force, reining in spending and shutting plants as it tries to ride out a looming worldwide recession that is battering Japan's export-reliant manufacturers. ...more

December 10, 2008

Industrial conglomerate Siemens AG said Tuesday that it will cut 16,750 jobs, or 4.2 percent of its global work force, to streamline operations and slice nearly $2 billion in costs in the face of a slowing economy. ...more

July 9, 2008

All those job cuts at automakers, newspapers and even Starbucks are hard to stomach. But in a roundabout way, they may actually help the economy a bit. ...more

July 4, 2008

Starbucks Corp. said Tuesday it will close 600 company-operated stores in the next year, up dramatically from its previous plan for 100 closures, a sign the coffee shop operator continues to struggle with the faltering U.S. economy and its own rapid expansion. ...more

July 2, 2008

Medical device maker Medtronic Inc. is planning to trim its global work force by about 3 percent, cutting 1,100 jobs, during the current fiscal year. ...more

May 7, 2008