Energy

Corporate Job Cuts Keep on Coming
Over the last few weeks, announced layoffs at large U.S. companies have become commonplace. Hewlett-Packard was the first to report its employee reduction at the end of August, estimating cuts of 25,000 to 30,000 jobs as part of its restructuring.  FOXBusiness.com takes a look at some of the major players who are putting jobs on the chopping block.

Hewlett-Packard

HP announced it would cut 25,000 to 30,000 jobs amid a separation of the company into two entities: Hewlett Packard Enterprise Co. and HP Inc. HP expects the split to be completed on Nov. 1, a day after Hewlett Packard Enterprise starts trading on the New York Stock Exchange.

Reuters

Cheseapeake Energy

Chesapeake is cutting 740 employees, or 15% of its workforce. The majority of the layoffs will affect the company's headquarters in Oklahoma City. This energy producer has been struggling with debt and lower oil prices.  

Reuters

Caterpillar

Another company feeling the slump in oil prices is Caterpillar, who said it plans to cut its workforce by more than 10,000 people by 2018. Most of the layoffs will occur by the end of 2015.

AP

ConAgra Foods

ConAgra announced on Oct. 1 that it plans to cut 1,500 jobs, or 30% of its workforce, as part of a goal to create about $200 million in cost savings. The packaged foods company is also moving its headquarters to Chicago from Omaha, Nebraska.

Reuters

Walmart

Walmart is cutting 450 jobs at its headquarters in Bentonville, Arkansas as part of a management structure reorganization. Chief Executive Doug McMillon said in an internal memo that the layoffs aim to make the mega retailer a “more nimble organization.”

Reuters

Sprint

Sprint disclosed that it will cut jobs over the next six months as it seeks to cut costs by $2-2.5 billion, though it did not elaborate on how many. The company says the decision was made upon realizing that it is spending too much on measures such as gaining new customers and rebuilding its network.

Reuters

Advanced Micro Devices

Chipmaker AMD is laying off about 500 employees globally as part of a restructuring plan. As a result it will outsource some of its IT services and app development.  

Reuters

Corporate Job Cuts Keep on Coming

Over the last few weeks, announced layoffs at large U.S. companies have become commonplace. Hewlett-Packard was the first to report its employee reduction at the end of August, estimating cuts of 25,000 to 30,000 jobs as part of its restructuring.  FOXBusiness.com takes a look at some of the major players who are putting jobs on the chopping block.

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