Advertisement
YOU ARE HERE: Burbank HomeCollectionsGlobal Workforce
IN THE NEWS

Global Workforce

RELATED KEYWORDS:
FEATURED ARTICLES
BUSINESS
December 3, 2008
Layoffs expected at Yahoo by middle of the month Internet giant Yahoo Inc. expects to layoff thousands of employees in the next two weeks, making good on an October promise by the company to lay off 10% of its global workforce. Yahoo company officials said they are still parsing through global employment status to determine where the cuts will take place. But some of the 1,000 workers at Yahoo?s campus in Burbank could be affected. In April, Yahoo cut 111 jobs in Burbank as part of a massive restructuring in which hundreds of others at Yahoo offices throughout California were laid off. As of Tuesday, Yahoo had not filed federal and state mandated notices, called the Worker Adjustment and Retraining Notification, required of companies that intend to lay off more than 50 workers at a time.
BUSINESS
By Jeremy Oberstein | December 10, 2008
BURBANK — Yahoo Inc. has begun laying off more than 1,500 workers around the world, including an undisclosed amount at its Burbank campus on Empire Avenue, the Internet giant confirmed Wednesday. The action follows Yahoo’s October announcement that the company would slash 10% of its global workforce as they look to cut costs following a bleak third quarter earnings estimate and weak revenue figures. “We have begun to notify impacted employees,” spokesperson Brad Williams said.
NEWS
By Zain Shauk | August 3, 2009
Burbank-based Walt Disney Co. announced late Thursday that its third-quarter earnings were down 26% from a year ago, in the latest news of declining profits for local entertainment industry giants. AOL Time Warner, the parent company of Burbank-based Warner Bros., reported third-quarter revenue drops Wednesday of 9% for its filmed entertainment division. The companies suffered from multimillion-dollar losses from falling DVD sales, box office figures and advertising revenues.
BUSINESS
By Jeremy Oberstein | October 22, 2008
BURBANK — Yahoo officials announced this week that thousands of its workers will lose their jobs and employees in the Burbank office are waiting to see if they will be among the 1,520 to be laid off. Yahoo company officials said they are still parsing through global employment status to determine where the cuts will take place. “We haven’t announced any specific information,” said Yahoo spokeswoman Kim Rubey, adding that Burbank’s Yahoo Search Marketing campus could be affected.
BUSINESS
By Jeremy Oberstein | October 25, 2008
BURBANK — Yahoo Inc. officials announced this week that thousands of its workers will lose their jobs, and employees in the Burbank office are waiting to see if they will be among the 1,520 to be laid off. Yahoo company officials said they are still parsing through global employment status to determine where the cuts will take place. “We haven’t announced any specific information,” said Yahoo spokeswoman Kim Rubey, adding that Burbank’s Yahoo Search Marketing campus could be affected.
BUSINESS
By Zain Shauk | January 24, 2009
BURBANK — Two major employers in the city announced layoffs this week, which could mean hundreds of Burbank employees out of work. Warner Bros. announced Tuesday that it will cut about 800 jobs, the majority of which will come from its Burbank facility, in an effort to trim its operations and face the challenges of a down economy, said Scott Rowe, the company’s senior vice president of corporate communications. Layoffs at Warner Bros. will impact mostly “back office” employees, like accountants and information technology staff, although some executive and creative positions will be cut as well, officials said.
BUSINESS
By Jeremy Oberstein | December 11, 2008
BURBANK — Yahoo Inc. has begun laying off more than 1,500 workers around the world, including an undisclosed amount at its Burbank campus on Empire Avenue, the Internet giant announced Wednesday. The action follows Yahoo’s October promise to slash 10% of its global workforce to cut $400 million a year in costs as the company struggles against bleak earnings estimates and weak revenue figures. “We have begun to notify impacted employees,” spokesperson Brad Williams said.
ARTICLES BY DATE
BUSINESS
December 3, 2008
Layoffs expected at Yahoo by middle of the month Internet giant Yahoo Inc. expects to layoff thousands of employees in the next two weeks, making good on an October promise by the company to lay off 10% of its global workforce. Yahoo company officials said they are still parsing through global employment status to determine where the cuts will take place. But some of the 1,000 workers at Yahoo?s campus in Burbank could be affected. In April, Yahoo cut 111 jobs in Burbank as part of a massive restructuring in which hundreds of others at Yahoo offices throughout California were laid off. As of Tuesday, Yahoo had not filed federal and state mandated notices, called the Worker Adjustment and Retraining Notification, required of companies that intend to lay off more than 50 workers at a time.
Advertisement
Burbank Leader Articles Burbank Leader Articles
|