General Electric says it is planning to slash about 6,500 jobs in Europe in those energy units it acquired from Alstom.

Major European banks are poised for massive job cuts as part of their plans to find more savings in 2016.

London-based Standard Chartered is planning to cut 15,000 jobs after posting third-quarter loss.

The crisis in UK's steel industry has entered a new phase with Tata Steel announcing 12,00 job cuts.

Air France chief says the company will go ahead with 2016 job cuts despite protests from pilots and other staff members.

Twitter says it is going to cut 336 jobs as messaging platform puts into gear its restructuring plan.

The US-based tech giant, Hewlett-Packard, announces slashing of 30,000 more jobs as it plans split to cope with new market needs.

Royal Dutch Shell has joined a growing list of Western energy giants in announcing broad cuts to jobs and investments amid expectations a “deep downturn”.

The state-funded BBC plans to cut more than a thousand jobs as part of a long-term drive to reduce costs. The job cuts are also in response to changing viewing habits that have cut the British broadcaster’s income. The BBC indicated that the majority of the positions to be cut, out of more than 16,600, would be in management. It says the move is aimed at becoming a simpler, leaner organization. The recent economic downturns have forced numerous job cuts in Western countries which have also affected media corporations.

The decrease in the number of people paying their TV licence fee has hit the BBC, forcing the international broadcaster to take radical job cuts.