The state Employment Development Department plans to begin cutting staff to address declining funding from the federal unemployment insurance program.
Wells Fargo is laying off workers from its mortgage unit, the latest sign that the mortgage refinancing boom has cooled.
The security solutions provider is cutting roughly 8 percent of its global work force in two phases, with about 1,000 positions going first, this month, and another 700 people receiving pink slips in July, AllThingsD reported Thursday, citing unnamed sources.
PayPal said it was cutting 325 full-time jobs in a move to streamline the business.
Google said it is expanding its plan to cut jobs from its Motorola Mobility unit outside the U.S. and will take $390 million in charges related to the layoffs.
Hewlett-Packard is planning to cut about 2,000 more jobs than it had previously announced, as CEO Meg Whitman tries to turn the company around.
Google is cutting about 4,000 jobs at its Motorola Mobility wireless phone business and will close or consolidate about one-third of Motorola’s 90 locations.
Cisco Systems was preparing to lay off about 1,300 workers just a few months after the world’s largest maker of computer networking equipment warned that growing economic uncertainty is making it tougher to close deals.
Published reports say Hewlett-Packard is poised to eliminate up to 30,000 jobs to help offset dwindling demand for personal computers as more people connect to the Internet on smartphones and tablets.
Yahoo CEO Scott Thompson has reassured the struggling Internet company’s employees that he will tell them more about his turnaround strategy next week.