PepsiCo Plans About 1,000 North American Job Cuts
PepsiCo is cutting about 1,000 jobs in North America as it tries to revive weak sales at home. The cuts follow a lowered earnings outlook in October.
Layoffs & Restructuring
PM Says Poundland Jobs Can Still Be Saved as Sale Talks Run
About 11,000 jobs depend on whether Poundland finds a buyer. The Prime Minister called a meeting with its US owners constructive, and the owners will face MPs next week.
BT Sheds 7,731 Staff in Six Months as Pre-Tax Profit Rises 12%
BT's workforce has shrunk to 90,000 since March, mostly at Openreach. Pre-tax profit rose 12% to £1.1bn and the shares hit a five-year high.
Squarespace Cuts About 300 Jobs, 19% of Its Workforce
Squarespace is trimming its global headcount by roughly a fifth. The company says the changes are meant to simplify how it operates and sharpen its priorities.
Weil Gotshal Eyes Wind-Down; Recruiter Offers Staff a Playbook
A legal recruiter lays out four steps for employees whose firm is closing, after Weil's management committee backed an orderly wind-down.
Alaska Air Group Cuts 200 Back-Office Jobs as Fuel Costs Bite
Alaska Air Group will lay off 200 non-union office employees. The company projects a loss of nearly $700 million this year, driven by jet fuel prices.