Tag Archives: 5000

Sears Closing 100 Stores, Laying Off Over 5,000 Workers

Filed under: Company News, Retail, Layoffs, Consumer Issues, Stores Alamy By Sruthi Ramakrishnan Struggling retailer Sears Holdings (SHLD) will lay off at least 5,457 employees and close over 100 stores, many before Christmas, according to a Seeking Alpha report citing liquidation notices and employees. Sears shares rose 4.6 percent to $ 36 in premarket trading. At least 46 Kmart stores, ...

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Hewlett-Packard to Split in Two, Cut 5,000 More Jobs

Filed under: Technology, Hewlett-Packard, Mergers & Acquisitions, Computer Industry, This Built America Justin Sullivan/Getty Images By Supantha Mukherjee and Edwin Chan Hewlett-Packard (HPQ) said it would split into two listed companies, separating its computer and printer businesses from its faster-growing corporate hardware and services operations, and eliminate another 5,000 jobs as part of its turnaround plan. HP said its shareholders ...

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