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Job Cuts

A sign is posted in front of the Cisco Systems headquarters in San Jose. (Justin Sullivan/Getty Images)

Cisco To Lay Off 1,300 Employees In Latest Cutback

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.


A sign at Hewlett-Packard headquarters in Palo Alto. (John G. Mabanglo/AFP/Getty Images)

Hewlett-Packard Reportedly Cutting Up To 30,000 Jobs

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.


The Yahoo logo is seen on a sign outside of the company's headquarters in Sunnyvale. (Justin Sullivan/Getty Images)

Yahoo CEO Tries To Reassure Workers After Layoffs

Yahoo CEO Scott Thompson has reassured the struggling Internet company’s employees that he will tell them more about his turnaround strategy next week.


The Yahoo logo is seen on a sign outside of the company's headquarters in Sunnyvale. (Justin Sullivan/Getty Images)

Yahoo Announces 2,000 Layoffs, CEO Says More Changes To Come

Yahoo is laying off 2,000 employees as new CEO Scott Thompson sweeps out jobs that don’t fit into his plans for turning around the beleaguered Internet company.


Downtown San Jose

San Jose’s $10 Million Surplus Partly From City Employee Job and Pay Cuts

San Jose’s Mayor Reed is pleased his most recent budget report shows a surplus, but admits cuts to services are partly the reason for being in the black.


A San Jose Police patrol car. (CBS)

IBM Study Suggests SJ Police And Fire Can Do More With Less

San Jose Mayor Chuck Reed supports a study that he commissioned that suggests both the fire and police departments could slash hundreds of jobs.


A sign outside a Bank of America branch in San Francisco. (Justin Sullivan/Getty Images)

California To Feel Impact Of Bank of America Job Cuts

Bank of America, one of California’s largest employers, will cut about 30,000 jobs over the next few years in a bid to save $5 billion per year.


Oakland Mayor Jean Quan

Oakland Mayor Quan Casts Deciding Vote To Approve Budget

Oakland Mayor Jean Quan cast the deciding vote Thursday night as the Oakland City Council approved a budget for fiscal 2012 by a narrow 5-4 margin only hours before its deadline.

CBS San Francisco–07/01/2011

San Jose City Hall

Hundreds Of Layoffs Included In Finalized San Jose Budget

The San Jose City Council has approved a budget that includes hundreds of layoffs, in an attempt to close a $150 million deficit. The final vote was 7-4 in favor of Mayor Chuck Reed’s budget plan for 2011-2012.


The Lockheed Martin stand is pictured during the Defence Systems and Equpment International (Daniel Berehulak/Getty Images)

Sunnyvale To Be Hit By Lockheed Martin Layoffs

Aerospace and defense contractor Lockheed Martin Corp. plans to cut 1,200 employees in its space systems equipment division. The cuts include workers in the Bay Area.

CBS San Francisco–06/14/2011