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IPFS News Link • Employment & Jobs

In Today's Layoff News: Microsoft Fires 1,850; Intel Cuts 350; Shell Terminating 2,200

• zerohedge.com

One hint is the just announced thousands in layoffs in both the energy and tech sector, among which are Shell, which announced it would layoff 2,200 jobs; Microsoft reporting it would cut 1,850; and Intel terminating up to 350 jobs in Germany.

The details:

Shell Cuts 2,200 More Jobs, Bringing Total Losses to 12,500

Co. to make additional 2,200 job cuts by end of 2016, according to e-mailed statement.

Brings total number of staff and direct contractor roles leaving Shell from start of 2015 to the end of 2016 to at least 12,500

Will reduce size of the organization supporting U.K. and Ireland upstream business by ~475 people  

"These are tough times for our industry and we have to take further difficult decisions to ensure Shell remains competitive through the current, prolonged downturn," Paul Goodfellow, Shell's vice president for U.K. & Ireland, says in statement

Microsoft Unveils as Many as 1,850 Job Cuts, Phone Unit Charge, Microsoft to take $950m impairment and restructuring charge


occupytheland.org