Abu Dhabi’s largest property developer, Aldar Properties, in October announced it would slash its workforce by 24 percent as it seeks to cut costs.
The developer plans to shed 105 jobs to match its manpower needs to its scaled-back construction schedule.
An emirate-wide slowdown of projects has prompted several job cuts in Abu Dhabi in recent months.
The capital’s authority for culture and heritage, organisers of Abu Dhabi Film Festival and Abu Dhabi Book Fair, reportedly let go of around 160 of its 500 employees.
Dubai-based investment bank Shuaa Capital announced a round of job cuts in November as it moved away from retail brokerage business after markets in its home base declined and losses increased.
In the first phase 29 people will be affected.
The British Broadcasting Corp (BBC), the world’s biggest public broadcaster, plans to cut 2,000 jobs and move offices and production outside of London as part of an effort to reduce costs after its funding was frozen.
The layoffs have begun at Hewlett-Packard’s Palm division.
The company, which announced plans to shutter its webOS hardware business back in August is sacking hundreds of employees as a result.
Sources close to HP say the company plans to lay off as many as 525 employees and that it began carrying out that dreadful duty this week.
Up to 40 employees at FLIR, the Wilsonville-based manufacturer of high-technology thermal imaging and night vision equipment, will lose their jobs because of a reduction in military orders and concerns over the federal budget.
From: Wison Ville Spokesman
Ficosa North America will lay off 175 workers at its plant in Berne. The company is consolidating production at other facilities.
A spokesperson said Ficosa expects to begin transferring production to other plants in September and be done in November. The layoffs will last six months or more as the Berne plant is prepared for other production work.
RF Micro Devices will cut about 80 people from its worldwide work force, with most of the impact hitting in Greensboro, we heard this afternoon from Jerry Neal, the company’s executive vice president. They had employed around 1,450 people locally.
Bank of America filed notice with Florida that it intends to lay off 59 employees in Fort Lauderdale.
The layoffs will take place at the bank’s office at 1425 N.W. 62nd St. (Cypress Creek Road) from Nov. 1 through Jan. 31.
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