Yahoo is to cut 10% of its workforce in the next two months to try to restore its fortunes in the face of declining profits.
Sony to cut plants and 8,000 jobs
Sony announces plans to close 10% of its manufacturing plants and cut 8,000 jobs, or 5% of its workforce.
Downturn to hit Philips profits
Electronics giant Philips says the downturn is without "recent comparison" and that its revenue will be less than expected.
Telecom giant AT&T slashes jobs
US telecommunications company, AT&T, announces 12,000 job cuts, or 4% of its workforce, in an effort to reduce costs.
Credit Suisse to cut 5,300 jobs
Troubled Swiss banking giant Credit Suisse says it is shedding another 5,300 jobs from its workforce.
BayernLB will cut staff by 5,000
Bayern Landesbank confirms it will be cutting 5,600 of its 19,000 jobs globally, more than a quarter of its workforce.
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