Responding to ‘economic realities,’ maker of servers expects annual savings of $700 million to $800 million.
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Software maker reports profit dip and calls for cost reductions.
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Oracle is laying off about 2,000 employees after its acquisition binge but startups in Silicon Valley are ready to hire.
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Drug maker is closing five plants in restructuring effort to deal with ongoing Vioxx litigation and other challenges.
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HP plans to lay off 10 percent of its workforce and promises $1.9 billion in annual savings.
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IBM sees more pre-packaged solutions as part of its plan to cut up to 13,000 jobs.
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