Lay Offs

Voice of America, the U.S.-funded international news broadcaster, is facing a wave of terminations as nearly 600 employees have been let go by its parent agency. The U.S. Agency for Global Media (USAGM) issued notices Thursday to hundreds of contractors, citing termination “for convenience,...

Oil and gas giant BP Plc (NYSE:BP) is reducing its workforce by 4,700 positions, which accounts for 5% of its employees, and eliminating more than 3,000 contractor jobs. The oil giant aims to streamline its operations and reduce costs as part of an ongoing initiative to cut $2 billion by the end of...

AGCO Corporation (NYSE:AGCO) shares are trading lower on Tuesday. In an exchange filing, the company announced a restructuring program, flagging an increased weakening demand in the agriculture industry. The initial phase of the program will result in a net reduction of the company's salaried...